Siam Cement Group Suspends Operations at Vietnam Petrochemical Complex
Operational halt due to low margins after one month
Siam Cement Group, Thailand's largest conglomerate, has halted operations at its $5.4 billion Long Son Petrochemicals complex located in the southern Vietnamese province of Ba Ria-Vung Tau.
The facility, which began operations on September 30, has been affected by low chemical margins.
The suspension, announced on November 4, 2024, is attributed to the industry-wide challenge of high inventory and destocking, which has impacted several companies.
Resumption of operations will depend on global demand dynamics.
The facility, which began operations on September 30, has been affected by low chemical margins.
The suspension, announced on November 4, 2024, is attributed to the industry-wide challenge of high inventory and destocking, which has impacted several companies.
Resumption of operations will depend on global demand dynamics.
