Nation Thailand
PTTGC, SCGC agree 56%–44% venture terms, target H2 2027
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SCG Chemicals (SCGC) and PTT Global Chemical (PTTGC) have agreed the principal terms of a proposed joint venture combining their Thai olefins and polyolefins businesses, according to Siam Cement’s stock-exchange update dated October 28, 2026.
Key facts
- The proposed combination is expected to generate recurring annual benefits of 5.1–6.8 billion baht, approximately US$150–200 million, with completion targeted for the second half of 2027.
- PTTGC would become the majority shareholder with a 56% interest, while SCGC would retain a significant holding of 44%
- The proposed venture’s dividend policy calls for distributions of at least 60% of consolidated net profit after tax and statutory reserves
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- The transaction timetable provides for an extraordinary general meeting on December 3, 2026, to consider approval, followed by regulatory applications in the first half of 2027.
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Summary
The proposed combination is expected to generate recurring annual benefits of 5.1–6.8 billion baht, approximately US$150–200 million, with completion targeted for the second half of 2027.
Thammasak Sethaudom, president and chief executive officer of The Siam Cement Public Company Limited (SCC), reported the progress to the Stock Exchange of Thailand. SCGC, SCC’s chemicals subsidiary, and PTTGC have reached agreement on the substantive terms and main framework for establishing the strategic joint venture.