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BRIEF-Thai Siam Cement to invest in ceramic plant in Indonesia
April 29, 2011 / 2:11 AM / 6 years ago

BRIEF-Thai Siam Cement to invest in ceramic plant in Indonesia

BANGKOK, April 29 (Reuters) - Siam Cement Pcl :

* Thailand’s top industrial conglomerate says a subsidiary has agreed to buy a majority stake in PT Keramika Indonesia Asosiasi Tbk , an Indonesian ceramic maker.

* Another subsidiary of Siam Cement also plans to acquire a stake in PT Kokoh Inti Arebama Tbk , an Indonesian building materials distributor

* It gave no details on the cost of the acquisitions. (Reporting by Arada Kultawanich)

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