Siam Cement announces tech investment plan

Siam Cement Group (SCG) has announced it plans to spend THB200–250bn (US$6.1-7.7bn) for a new five-year investment budget for the 2015-2019 period although president and CEO, Kan Trakulhoon said the final sum was expected to surpass the current five-year budget.

In the new budget period, the company intends to become a technology-driven firm and is eying investment in a European tech company. The company we're talking with at the moment is a technology company in Europe. We're looking outside the region because there's no technology development in Asean," SCG’s president said.