Brief: Siam Cement Says Unit Entered Joint-Venture With Denka Company Limited

Denka

13/11/2023 01:51

Nov 13 (Reuters) - Siam Cement PCL  SCC.BK :
    * UNIT ENTERED JOINT-VENTURE WITH DENKA COMPANY LIMITED
    * AGREEMENT TO ESTABLISH A JOINT-VENTURE COMPANY AND PRODUCE
AND
SALE OF ACETYLENE BLACK
    * JOINT-VENTURE HAS REGISTERED CAPITAL OF 7,258.56 MILLION
BAHT
    * DENKA HELD A 60% STAKE WHILE UNIT HELD REMAINING 40% IN JV
RESPECTIVELY
    * JV IS AIMED TO CAPTURE GROWTH OF LITHIUM-ION BATTERIES FOR
EV
MARKET

Source text for Eikon:  ID:nSETyl9yga 
Further company coverage:  SCC.BK 

 ((Reuters.Briefs@thomsonreuters.com;))