Macro Finance
Siam Cement, PTT Global Forge $5.5 Billion Petrochemical Deal
Bloomberg Markets·October 29, 2026·1 min read
Siam Cement Pcl and PTT Global Chemical Pcl agreed to combine their Thai olefins and polyolefins businesses, valued at 187 billion baht ($5.5 billion). The merger aims to bolster their petrochemical operations amid a prolonged industry downturn. The deal creates a larger entity to compete more effectively in the global market.
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