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Siam Cement-Dow Chemical joint venture feels shrinking demand

According to articles published in the “Bangkok Post“, the Thailand-based petrochemical joint venture between Dow Chemical Co. and Siam Cement PCL expects its sales this year to remain flat from the…

According to articles published in the “Bangkok Post“, the Thailand-based petrochemical joint venture between Dow Chemical Co. and Siam Cement PCL expects its sales this year to remain flat from the THB 22.8 billion it posted last year. The paper quoted Dow Chemical“s country manager James Ray Fitterling as saying that shrinking demand has resulted from the economic slowdown. Fitterling added that the poor outlook for the industry is also squeezing the company“s margin. Despite the situation, the country manager said Dow Chemical was still looking forward to investment opportunities in Thailand, but more carefully. The 50/50 joint venture has so far invested THB 15 billion to produce a variety of petrochemical and agricultural products.

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