Siam Cement to invest $3bn in renewable energy and decarbonization

5-year plan aims for sustainable growth beyond cement and petrochemicals

20221214N Siam Cement

Thai materials giant Siam Cement is trying to find growth in more sustainable fields. © Reuters

KOSUKE INOUE, Nikkei staff writer

BANGKOK -- Siam Cement Group, Thailand's largest building materials company, has laid out its investment plans for the next five years, showing a strong emphasis on environmental issues as it attempts to shift its business style to a more circular one.

The company announced that it will invest 100 billion baht ($2.89 billion) through the end of 2027 in areas such as renewable energy, while also continuing efforts to decarbonize its main building materials and chemicals businesses.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.