Business · Companies · 2 hrs ago
Siam Cement and PTT Global Combine Thai Petrochemical Businesses
Siam Cement and PTT Global Chemical agreed to combine businesses in Thailand.
The deal covers their olefins and polyolefins operations, which are part of the petrochemical industry.
The businesses are valued at 187 billion baht, or $5.5 billion.
The companies say the combination is intended to strengthen their petrochemical operations.
They are making the move amid a prolonged downturn in the sector.
The announcement gives no further details about how or when the combination will be completed.
Siam Cement and PTT Global Chemical agreed to combine their Thai olefins and polyolefins businesses.
The businesses are valued at 187 billion baht, or $5.5 billion.
The companies said the deal would bolster their petrochemical operations amid a prolonged downturn.
- Who
- Siam Cement Pcl and PTT Global Chemical Pcl.
- What
- They agreed to combine their Thai olefins and polyolefins businesses, valued at 187 billion baht ($5.5 billion).
- When
- The agreement was reported on October 29, 2026.
- Where
- Thailand.
- Why
- To bolster their petrochemical operations amid a prolonged downturn.
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This story does not have a timeline yet.
- Companies
- Siam Cement Pcl and PTT Global Chemical Pcl
- Businesses
- Thai olefins and polyolefins
- Deal value
- 187 billion baht
- US dollar value
- $5.5 billion
- Published
- October 29, 2026