Post by account_disabled on Jan 9, 2024 6:06:09 GMT
The LSP Complex Petrochemical Complex project is currently under construction, in which the Company is the first mover to invest. The ASEAN region is considered a market with good growth potential. Vietnam and Indonesia are expected to have economic growth rates ( GDP) of 5–6% per year over the next 10 years, which is almost double the global average GDP growth rate. In addition, the rate of use of polymers in,
The ASEAN region Special Data currently (as of 31 December 2021) is at 26 kilograms per person per year. This is still 2-3 times lower than in Europe and the United States, so the ASEAN market still has a lot of room for growth. However, currently Vietnam still has to import about 75% of polymers and Indonesia about 50% because there is no domestic production capacity. enough This is an opportunity for SCGC to take advantage of having a production base in those countries.
And can respond to market needs more quickly,” Mr. Thanawong said. Chief Executive Officer and SCGC President said that the overall chemical industry and SCGC's business are considered to have potential and opportunities for growth in the short term. medium and long term The chemical business will be driven by and benefit from Important megatrends of the world and the ASEAN region such as changes in infrastructure due to urbanization.
The ASEAN region Special Data currently (as of 31 December 2021) is at 26 kilograms per person per year. This is still 2-3 times lower than in Europe and the United States, so the ASEAN market still has a lot of room for growth. However, currently Vietnam still has to import about 75% of polymers and Indonesia about 50% because there is no domestic production capacity. enough This is an opportunity for SCGC to take advantage of having a production base in those countries.
And can respond to market needs more quickly,” Mr. Thanawong said. Chief Executive Officer and SCGC President said that the overall chemical industry and SCGC's business are considered to have potential and opportunities for growth in the short term. medium and long term The chemical business will be driven by and benefit from Important megatrends of the world and the ASEAN region such as changes in infrastructure due to urbanization.
