SCC invests 173 million baht to acquire shares in Avantium, a chemicals business in the Netherlands.
SCC invests 173 million baht to acquire approximately 3% of Avantium, a chemicals business in the Netherlands. Hopes to be in line with the Chemicals business goal to produce 1 million tons of environmentally friendly plastic in 2573.
The Siam Cement Public Company Limited Informing the Stock Exchange of Thailand on February 12, 2567. The company would like to inform you thatSENFI Ventures Company Limited (SENFI Ventures) Subsidiary company of SCG Chemicals Company Limited Public Company Limited or SCGC, which is a wholly-owned subsidiary of SCC.
has invested in new common shares of Avantium NV or Avantium, a company listed on the Stock Exchange of the Netherlands (Euronext). SENFI Ventures will hold 3.00% of the shares, representing an investment value of 173.02 million baht or approximately 4.5 million euros.
Avantium is a leading technology expert in the production of plant-based plastic bottle precursors. (Polyethylene Furanoate: PEF) and polymer production technology Through the conversion of carbon dioxide (CO2) into high quality, environmentally friendly plastic pellets.
This investment in Avantium is in line with SCGC's strategy of creating added value and growing environmental plastics innovation towards a low-carbon economy (Green Innovation).
Business alliances will be able to create or expand new businesses related to environmentally friendly innovations. To accelerate and promote the transition to a low carbon economy. This is in line with the Chemicals business' goal to produce 1 million tons of environmental plastic (SCGC Green Polymer) in 2573.
This investment project has a transaction size equal to 0.02% of the value of total assets according to SCC's consolidated financial statements ending on September 30, 2566. Incidentally, when combining the said transaction with the asset acquisition transaction that occurred in the 6 months before the transaction, Items according to this book will be equal to 1.15%.
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