SCG, partner team up for new venture

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SET-listed Siam Cement Group (SCG) has formed a joint venture with Yamato Asia Ltd to invest in a logistics business focusing on small parcel delivery to capitalise on the growing trends of e-commerce.

The deal was done via SGC’s subsidiary SCG Cement-Building Materials, which holds a 65% stake in the 633-million baht joint venture, SCG said in a statement.

The new company, SCG Yamato Express, will provide full logistics services nationwide, specialising in the business-to-consumer (B2C) and consumer-to-consumer (C2C) segments and small parcel delivery.

 

Source: http://www.bangkokpost.com/
August 26, 2016

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