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Nomura Investment ForumNovember 30 - December 2, 2010
Mandarin Oriental Tokyo
Slide 2
AGENDA
� Financial Updates
� Medium-Term Outlook & Strategy
� Business Updates� Business Updates
� Sustainability
� Appendix
Slide 3
NET SALES & NET PROFIT (9M/10)
Sales Segments225,071 MB (+27% y-o-y)
Net Profit Segments20,709 MB (+9% y-o-y)
SCG Investment’s net profit is primarily from 1) dividend income of other companies 2) equity income of associated companies.
Slide 4
EXPORT DESTINATIONS (9M/10)Approximately 69% of SCG’s exports are to Asia.
Export DestinationsSales Destinations
China/HK14%
N. America2%
EU2%
N. Asia7%
Oceania6%
M/E6%
Africa10%
Others5%
S. Asia10%
ASEAN38%
Regional Operations are subsidiaries in ASEANExport Destinations are from subsidiaries in Thailand
Slide 5
EBITDADropped 8% y-o-y in light of the current chemicals trough.
4,267 6,5717,771
6,762
4,577
3,07040,000
50,000
60,000 MB
37,188
54,626 53,50757,151
50,008
38,783
-8% y-o-y47,116
34,221($1,140 Mill)
28,58433,704
50,359 46,936 49,38043,246
34,20644,046
32,043
1,8343,484 4,577
2,178
0
10,000
20,000
30,000
40,000
2002 2003 2004 2005 2006 2007 2008 2009 9M/10
Note: EBITDA includes dividend received
30,418
- Dividend from associated companies- EBITDA from Operations
34,221
Slide 6
NET PROFITEarnings grew 9% y-o-y from improved performance in the paper and building materials.
2,776
1,5234,511
25,000
30,000
35,000
40,000MB
19,954
36,483
32,23629,451 30,352
+9% y-o-y
20,709
24,346 ($690 Mill)
11,14217,806
33,70730,713
25,841
16,479
3,462
2,148292
0
5,000
10,000
15,000
20,000
2002 2003 2004 2005 2006 2007 2008 2009 9M/10
14,604
19,954
EPS 12.2 16.6 30.4 26.9 24.5 25.3 14.0 20.3 17.3(Bt/sh)
16,77120,709
- Divestment gains
Slide 7
NET DEBT & CAPEX:With CAPEX of 141 Billion Baht ($4.7 Billion) during the past 5 years, net debt increased 23 Billion Baht ($800 Million).
Billion Baht
Slide 8
NET DEBT on EBITDA RatioLeverage is expected to drop, following the ramp-up of SCG’s recently completed projects.
Times (x)
Slide 9
FINANCIAL HIGHLIGHTSStrong balance sheet.
Highlights
� Cash on-hand of 25,540 MB ($0.85 billion) at the end of Q3/10.
� Full subscription of the 5,000 MB debenture (4 yr, 3.85%) issued on Oct 1/10 to refinance the 5,000 MB tranche (4 yr, 6.25%) due.on Oct 1/10 to refinance the 5,000 MB tranche (4 yr, 6.25%) due.
Outlook
� Solid financial position, despite the chemical’s trough in margins.
� Winding down the current CAPEX cycle, with total FY2010 expenditure of approximately 20,000 MB.
� Active FX hedging management, accounting for approximately half of the net FX exposure.
Slide 10
AGENDA
� Financial Updates
� Medium-Term Outlook & Strategy
� Business Updates� Business Updates
� Sustainability
� Appendix
Slide 11
SINCE 2006...
� SCG has invested 141,000 MB ($4.7 Billion) during 2006 - 2010, and is completing the current CAPEX cycle.
� Accomplishments include:
1) More than doubling of Chemicals capacity. 1) More than doubling of Chemicals capacity.
2) Green field expansions in the Cement and Paper businesses.
3) Acquisitions in the Paper, and Building Materials businesses.
� Financing was with cash flow, and project cost was competitive.
Slide 12
SCG’s INCREMENTAL CAPACITY
HVA
Note: HVA investment is present in all business units.
Slide 13
MEDIUM-TERM OUTLOOK & STRATEGY What’s next for SCG?
1. Regional investments.
2. Increased sales of HVA (High Value Added Products and Services). Services).
Slide 14
GROWTH OF HVA
Slide 15
AGENDA
� Financial Updates
� Medium-Term Outlook & Strategy
� Business Updates� Business Updates
� Sustainability
� Appendix
Slide 16
DIVERSIFIED CHEMICALS EARNINGSSCG Chemicals’ s net profit contribution in 9M/10.
25%
HVA (Subsidiary)PEPPPVC
Equity Income (Associates )LLDPEPSMMACast Sheet 25%
25%
50%
Commodity (Subsidiary)PEPPPVC
Cast SheetPP CompoundPTA/PET Others…
HVA = High-Value Added ProductsHVA are also produced at the associates level.
Slide 17
1,200
1,600
2,000
HDPE
HDPE – NAPHTHA MARGINS…margins have already troughed at $378/ton in July/10.
$/tonHDPE - Naphtha
0
400
800
1,200
Note: Regional Prices
Ethylene
Naphtha
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 to date
562 583 731 724 681 611 692 644 732 636 694 537 523 630 640 529 602 477 455
650 659 650 581 511
HDPE – Naphtha $/ton2006 2007 2008 2009 2010
Slide 18
1,400
1,750
2,100
PP
PP – NAPHTHA MARGINS…PP is outperforming HDPE, with firm margins at the $600/ton level.
$/tonPP - Naphtha
0
350
700
1,050Propylene
Naphtha
568 575 748 728 673 617 688 587 643 697 792 465 488 604 576 483 643 638 611655 644 649 574 630
Note: Regional Prices
PP – Naphtha $/ton2006 2007 2008 2009 2010
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4to date
Slide 19
6,000
8,000
10,000
12,000
CHEMICALS EBITDA …grew 3% q-o-q on higher sales volume, but down 28% y-o-y following the trough in HDPE margins.
MMBB
-28% y-o-y+3% q-o-q
EBITDA
5,951
4,429 3,8535,357
2,773 3,441 3,722
751 1,210594
3278
527727 567
0
2,000
4,000
6,000
Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10
EBITDA Margin 21% 16% 18% 12% 10% 9% 9%
Note : EBITDA = EBITDA from operations + dividend from associated companies
4,429
5,180 +3% q-o-q
- Dividend fromassociates
- EBITDA fromsubsidiaries
5,0635,951
3,288- EBITDA
3,3004,168 4,289
Slide 20
5,000
6,000
7,000
CHEMICALS NET PROFIT…25% q-o-q growth, with gains from subsidiaries and associates, despite the current trough in HDPE margins.
MB
- 8% y-o-y+25% q-o-q
Net Profit
4,170
1,722 1,7202,535
1,345 1,371 1,6891,982
7561,546
1,635
1,297 1,674 1,3891,863
0
1,000
2,000
3,000
4,000
Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10
2,478 - Equity Income from associates
- Subsidiaries Net Profit
2,642
4,170
3,266 3,045
- Net Profit
3,078
3,845
Slide 21
CHEMICALS OUTLOOK
� New global ethylene capacity of approx 6 MT in FY2011, compared to 12 MT in FY2010.
� Continued trough in HDPE margins, while PP should continue to outperform. to outperform.
� Healthy PVC margins, driven by China’s power rationing which has decreased the competitiveness of non-ethylene based PVC producers.
� Improved PTA and MMA margins.
� Maintenance shutdown (40 days) of ROC (1st cracker), while MOC (2nd cracker) will continue to ramp-up its utilization.
Slide 22Million Ton
Industry Production
Industry Capacity
39 MT
56 MT
70-75% utilization
DOMESTIC CEMENT INDUSTRYDomestic demand growth in 9M/10 registered 12% y-o-y.
Total Thai Demand
Total Thai Export15 MT
24 MT
Total Domestic Growth Rate (% y-o-y)- 10% -45% 15% -8% -1% 23% 6% 11% 9% -2% -6% -6% 1%
9M/10+12%
Slide 23
DOMESTIC CEMENT PRICESPrices are expected to firm up, due to cost push factors.
Slide 24
CEMENT EXPORTSExport prices have increased to $42/ton in Q3/10.
Million Ton $/ton1998 to 2009 Q1/09 – Q3/10
Slide 25
3,381
2,880 2,785 2,570
3,301
2,6162,486
3,000
4,000
CEMENT FINANCIALSEBITDA and Net profit have dropped y-o-y, primarily due to lower domestic prices.
EBITDA-11% y-o-y-5% q-o-q
EBITDA & Net ProfitMB
1,963
1,553 1,5251,173
1,9241,481
1,323
0
1,000
2,000
Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10
EBITDA 27% 26% 24% 22% 26% 22% 21% margin 2 5% 23%
Net Profit-13% y-o-y
-11% q-o-q
Slide 26
CEMENT OUTLOOK
� FY2010 domestic demand growth of 10% is forecasted.
� FY2011 domestic demand growth is expected to continue, driven by the continued recovery in the commercial and industrial sector. industrial sector.
� Forecasted export sales volume of approximately 7.5 MT for FY2010, with continued strong sales of bagged cement within the region.
Slide 27
300
400
500 $/ton
Packaging Paper
PACKAGING PAPERWastepaper prices increased due to low supply generation, while paper prices have dropped.
480 - 485
0
100
200
300
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2002 2003 2004 2005 2006 2007 2008 2009 2010
Wastepaper(raw material)
Note: Regional prices
250 - 255
Nov/10
Slide 28
800
1,000 $/ton
P & W Paper
P&W PAPERPaper prices have peaked, following lower pulp prices from pulp capacity start-ups.
755 - 800
835 - 950
910 - 920
200
400
600
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Long Fibre Pulp
Short Fibre Pulp
2002 2003 2004 2005 2006 2007 2008 2009 2010
Note: Regional prices
755 - 800
Nov/10
Slide 29
1,509
2,146 2,298
1,948
2,424 2,6302,403
2,000
2,500
3,000
MB
PAPER FINANCIALSEBITDA increased 5% y-o-y from growth of packaging paper’s sales volume and product prices, but dropped 9% q-o-q due to squeezed margin.
EBITDA+5% y-o-y-9% q-o-q
Net Profit+33% y-o-y
EBITDA & Net Profit
1,509
239
639 701707 974
1,170931
0
500
1,000
1,500
Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10
EBITDA Margin All products 16% 20% 20% 17% 19% 21% 18% Packaging 18% 18% 17% 14% 16% 17% 14%P&W 12% 25% 27% 23% 25% 28% 26%
+33% y-o-y-20% q-o-q
Slide 30
PAPER OUTLOOK
� Wastepaper prices are expected to increase, due to higher demand from China.
� Softer pulp prices from increased supply, thereby causing P&W Paper prices to decrease further.
� Continued price competition, in addition to lower seasonal domestic demand.
� SCG Paper’s 2,400 MB investment to expand the capacity of short fibre pulp by 40,000 tons, from 425,000 tons to 465,000 tons. Start-up is expected by H2/12.
� SCG Paper continues to operate at high utilization rates.
Slide 31
AGENDA
� Financial Updates
� Medium-Term Outlook & Strategy
� Business Updates� Business Updates
� Sustainability
� Appendix
Slide 32
� SCG has been in DJSI’s “Gold Class ” for the past 3 years, and has been a member of DJSI since 2004.
� DJSI was established in 1999, and is the first trul y global index to track sustainability initiatives of listed companies. Th e ranking takes into account sustainability standards in Economics, Soci al, and Environment. account sustainability standards in Economics, Soci al, and Environment.
� In 2010, approx 2,500 companies were invited to joi n the DJSI, and 10% were credited with Gold / Silver / Bronze Class ran ks.
� There is a total of 19 Super Sectors, with notable super sector leaders in each, such as BMW, Unilever, TNT, and Nokia.
� To date, more than 70 global funds in 19 countries allocate their asset portfolio in accordance to the DJSI.
� For further details: www.sustainability.index.com
Slide 33
GREEN INITIATIVES
Eco-Value :
� Thailand’s first eco-friendly label, with approximately 100 product, and sales accounting for 14% of total net sale in 2009.product, and sales accounting for 14% of total net sale in 2009.
Green Procurement
� Driven by SCG’s “Green Procurement Committee.”
� Procurement list of approximately 300 items.
Slide 34
COMMITMENT TOWARDS SUSTAINABILITY
� One of the founding member of “World Business Council for Sustainable Development” (WBCSD) since 2000.
� Active participate in 2 member projects:� Cement Sustainable Initiative – CSI� Sustainable Forestry Products Industry - SFPI
Slide 35
TRAINING ROADMAPComprehensive coverage of leadership skills, technical competency, and business knowledge.
Slide 36
CORPORATE SCHOLARSHIPProgram dates back to 1973.
MBA ScholarshipYear
GrantedMIT Kellogg Wharton Columbia LBS Duke Michigan INSEAD Sasin Total
2005 2 1 1 1 3 8
2006 2 1 2 2 1 2 10
2007 2 2 2 1 1 82007 2 2 2 1 1 8
2008 2 2 2 1 7
2009 2 2 1 1 1 1 8
2010 2 3 1 1 1 1 1 10
Technical ScholarshipYear
GrantedGeorgia
TechMIT Michigan RWTH
AachenImperial College
Penn State U.
Oxford Illinois Others Total
2008 1 2 1 7 11
2009 3 1 1 1 1 1 1 10 19
2010 1 3 4
Slide 37
Thank YouThank You
Slide 38
AGENDA
� Financial Updates
� Medium-Term Outlook & Strategy
� Business Updates� Business Updates
� Sustainability
� Appendix
Slide 39
BACKGROUND
� Founded in 1913.� Listed on the SET since 1975.� Market cap of $13.4 Billion (local share price of 335 Bt/sh), and
free float of approx 70%.� Historic roots in cement, with expansions into building materials, � Historic roots in cement, with expansions into building materials,
distribution, paper, and chemicals.� Currently employ 30,600 staffs.� Key figures (2009):
� Asset 316.0 Billion Baht ($10.0 Billion)� Net Sales 238.7 Billion Baht ($ 7.6 Billion)� EBITDA 47.1 Billion Baht ($ 1.5 Billion)� Net Profit 24.3 Billion Baht ($ 0.8 Billion)
Slide 40
OPERATIONAL HISTORY
Economic Crisis1997
Organic growth in
construction material
Takeover of“ailing”
industries
Entry into new
industries
1913 – 1970’s 1970’s - 1980’s 1980’s - 1990’s
““ Historic roots” “Opportunistic “Joint venture
1998 - 2003
Restructure
2004 - onwards
Regional&
Innovation
““ Historic roots” “Opportunistic investment in
assets”
“Joint venture partner of choice”
� Cement� Construction Materials� Steel
� Ceramics� Paper & Packaging
� Chemicals � Automotive� Electrical
Core businesses today�SCG Chemicals�SCG Cement�SCG Building Materials�SCG Paper �SCG Distribution�SCG Investment
Slide 41
REGIONAL OPERATIONSCurrently accounts for 11% of SCG’s asset base.
Vietnam
- Paper
- Chemicals
Myanmar
- Cement (RMC)
- Distribution
- Cement (RMC)
- Packaging Paper
Malaysia & Singapore Indonesia
- Building Materials
- Chemicals
- Distribution
Philippines
- Distribution
- Paper
- Building Materials
- Building Materials
- Distribution
Laos & Cambodia
- Building Materials
- Distribution
- Cement
- Distribution
Note: Assets including associates with management control
Slide 42
SCG’s ORGANIZATIONAL CHART
SCG’s Board
Governance and Nomination Committee Audit Committee
Internal Audit OfficeRemuneration
Management Committee
Corporate Functions
SCG Cement SCG Paper
SCG Chemicals
SCG Distribution
SCG Investment
President & CEO
Internal Audit OfficeRemuneration Committee
SCG Building Materials
Slide 43
� World-scale integrated producers of upstream (2 crackers totaling 2.9 MT of olefins) and downstream chemicals (1.9 MT of PE/PP), both at the consolidated subsidiary level.
� Successful partnership with world-class leaders such as Dow Chemical, Mitsui Chemicals, and Mitsubishi Rayon,
SCG ChemicalsIntegrated and globally competitive operations.
Dow Chemical, Mitsui Chemicals, and Mitsubishi Rayon, at the associated company level.
� Strategic partnerships in Vietnam, and Indonesia.� ASEAN market leader with a diverse portfolio of commodities and
HVA products.� High production efficiency and reliability by using leading,
commercially proven technologies for all processes.� Exports to over 110 countries worldwide.
Slide 44
900
Typical crackers
Gas-based Naphtha-basedSCG’s Naphtha Cracker
Propylene-rich
ethylenepropylene 900 900
ethylene ethylene‘000 tons ‘000 tons ‘000 tons
SCG Chemicals The second cracker is propylene-rich.
0
300
600
'000 tons
versuspropylene
0
300
600
'000 tons0
300
600
'000 tons
propylene
propylene
Slide 45
SCG CementNationwide network, and domestic market share of approximately 40%.
LampangLampangLampangLampangLampangLampangLampangLampang
Central
NorthLampang 2.11 MT
SCG Cement- Thai capacity of 23 MT, and
Cambodia capacity of 1 MT.- Thai market share of approx 40%.
SaraburiSaraburiSaraburiSaraburiSaraburiSaraburiSaraburiSaraburi
BangkokBangkokBangkokBangkokBangkokBangkokBangkokBangkok
Nakhon SrithammaratNakhon SrithammaratNakhon SrithammaratNakhon SrithammaratNakhon SrithammaratNakhon SrithammaratNakhon SrithammaratNakhon SrithammaratSouthThung Song 6.90 MT
CentralKaeng Khoi 7.29 MTTa Luang 6.90 MT
Slide 46
SCG CementWaste-Heat Power Generator Program
� Utilize heat from the production process to turn steam turbines for generation of electricity, thereby lowering electrical consumption from the grid.
� Total investment of 5,750 MB, with return on investment of approx 25% or 1,600 MB per annum. 25% or 1,600 MB per annum.
Phase 1 2,000 MB Thailand -started in Q1/08
Phase 2 350 MB Cambodia -started in Q2/09
Phase 3 3,400 MB Thailand -started in Q4/09
total 5,750 MB
Slide 47
Broad range of product offering� Manufacturer of roofing, fiber cement, and autoclaved lightweight concrete
products, in addition to sanitary ware and fitting (jv with TOTO), and landscaping services.
� Global sales to more than 50 countries.
SCG Building MaterialsWorld’s second largest ceramics tiles producer, and other diversified product offerings.
Integrated solutions provider� Roofing Center� Cotto tile studio� Cotto speed bathroom� Modular house (joint venture with Sekisui Heim)
Environmentally-friendly products and services� Non-asbestos fiber cement products� SCG Eco Value label� Revenue from high-value added products accounts for more than 40% of
existing sales.
Slide 48
� Plants in Thailand, Vietnam, Philippines, Malaysia, and Singapore.
� Packaging paper capacity (1.9 million tons) is ASEAN’s largest, and is integrated into box plants for customized products with Rengo of Japan as a successful partner.
� Printing & Writing operations (0.57 million tons) are supported by
SCG PaperIntegrated and competitive operator of Packaging Paper and P&W Paper.
� Printing & Writing operations (0.57 million tons) are supported by internal pulp production from tree farms.
� Quality printing and writing products includes:
“Idea Green” - 30% less virgin pulp via recycled pulp.“Idea Work” - high grade photocopy paper. “Idea Max” - lightweight (70 gram), high performance with
dual-side usage.“Green Read” - non-reflective paper for ease of reading.
Slide 49
SCG Paper
Printing & Writing Paper
100%integration
Printing & Writing Paper
Internal Eucalyptus Pulp Printing & Writing Paper
Packaging PaperInternal Sales-Corrugated Box
40%integration
60%External Sales-Containerboard-Paperboard
Slide 50
� Leading supply chain solution provider, whereby non-SCG clients accounts for approx 40% of total sales.
� Global international trading coverage is provided by the 36 global offices in 21 countries.
�
SCG DistributionPrimarily logistics, global trading, and domestic distribution.
� Domestic logistics service provider to +200 clients, with over 30 million tons hauled in 2009.
� Network of more than 450 exclusive distributors nationwide.
Slide 51
SCG InvestmentContribution in 2009 was approx 1,600 MB in equity income and another 1,300 MB from dividend income.
SCG INVESTMENT
Aisin Takaoka Group
Agricultural business
Siam Kubota Industry
Automotive business Others
Steel
Siam Kubota Leasing
Kubota Vietnam
Siam Kubota Tractor
Aisin Takaoka Group
Musashi Auto Parts
Siam Lemmerz
Michelin Siam
Siam Kubota Industry
Siam Kubota Metal Technology
Siam Furukawa
Siam Toyota Motor
Toyota Motor Thailand
Steel
Slide 52
SEGMENTED FINANCIALS
Sales (MB) 2007 2008 2009 9M/10 Assets (MB) 2007 2008 2009 9M/10
Consolidated 267,737 293,230 238,664 225,071 Consolidated 248,256 285,776 315,986 328,755
Chemicals 130,223 136,527 101,115 106,648 Chemicals 123,205 138,504 165,947 177,596
Paper 43,890 47,110 42,729 38,783 Paper 46,454 51,089 48,271 50,406
Cement 44,087 49,999 46,661 36,920 Cement 60,132 60,770 60,680 61,410
Building Materials 21,281 23,351 26,873 23,482 Building Materials 19,863 22,654 22,992 25,220
EBITDA (MB) 2007 2008 2009 9M/10 Net Profit (MB) 2007 2008 2009 9M/10
Consolidated 50,008 38,783 47,116 34,221 Consolidated 30,352 16,771 24,346 20,709
Chemicals 22,611 12,598 19,482 11,757 Chemicals 16,982 6,136 12,556 9,968
Paper 7,943 6,660 7,901 7,457 Paper 2,353 1,658 2,286 3,075
Cement 10,198 11,272 11,616 8,403 Cement 5,463 6,006 6,214 4,728
Building Materials 3,928 4,085 4,907 4,305 Building Materials 950 778 1,617 1,483
EBITDA Margin (%) 2007 2008 2009 9M/10 EBITDA on Assets (%) 2007 2008 2009 9M/10
Consolidated 16% 12% 18% 14% Consolidated 20% 14% 15% 14%
Chemicals 13% 7% 17% 9% Chemicals 18% 9% 12% 8%
Paper 18% 14% 18% 19% Paper 17% 13% 16% 20%
Cement 23% 23% 25% 23% Cement 17% 19% 19% 18%
Building Materials 16% 16% 18% 18% Building Materials 20% 18% 21% 23%
Slide 53
� Retail investors only.� Unsecured, unsubordinated. � No debt covenant.� Thai Baht, fixed rate, and mostly 4-yr
maturity tenure.� Current “A” rating by Fitch (local).
40,000
30,00030,000
40,000
50,000 Debenture Maturity TableMB
DEBENTURE PROFILE
� Current “A” rating by Fitch (local).
16,000
25,000 25,000
15,000
25,000
30,000
15,000
0
10,000
20,000
30,000
2007 2008 2009 2010 2011 2012 2013 2014
NOTE: debentures accounted for 110,000 MB of the 126,521 MB in Net Debt (Q3/10).
Slide 54
CAPACITY AT THE END OF 2011
Chemicals - Naphtha Cracker (consolidated) Chemicals - Associates (equity accounting)Ethylene 1,700,000 tons Mitsui Chemicals JVPropylene 1,200,000 tons - PTA (1.44 million tons) 50%
- PET (100,000 tons) 20%Chemicals - Downstream (consolidated) - PP Compound 86,000 tons 46%HDPE 1,180,000 tons Dow Chemicals JVLDPE + LLDPE 200,000 tons - LLDPE (650,000 tons) 50%PP 720,000 tons - SM (300,000 tons) 50%PVC (Thailand, Indo, Vietnam) 940,000 tons - PS (100,000 tons) 50%
- Specialty Elastomer (220,000 tons) 50%Paper (consolidated) - Propylene Oxide (390,000 tons) 50%Packaging Paper (Thai, Phil, Viet) 1.88 million tons Mitsubishi Rayon JVBox (Thai, Malay, Sing, Viet) 741,000 tons - MMA (175,000 tons) 46%Printing & Writing Paper 565,000 tons - Cast Sheets (20,000 tons) 46%Short Fibre Pulp 425,000 tons
Cement (consolidated) Building Products (consolidated)Grey Cement (Thai + Cambodia) 24 million tons Ceramic Tiles (Thai, Indo, Phil) 122 M sqmReady-Mixed Concrete 19 million metre3 Roofing Products (Thai, Cambodia, Phil, Viet) 86 M sqm
Ceiling & Wall Products 65 M sqmAutoclaved Lightweight Concrete 15 M sqm
