SCC Acquires Additional 70% Stake in Italy’s “HTExplore”, Raising Shareholding to 100%

The Siam Cement Public Company Limited (SCC) announced that SCG Chemicals Co., Ltd. (SCG Chemicals), a wholly owned subsidiary of SCC to acquire an additional 70% shares in HTExplore S.R.L. (HTExplore) in Italy for a total consideration of 1.4 million Euro (or approximately 55 million Baht). As SCG Chemicals already holds a 30% stake, this acquisition will raise SCG Chemicals’ shareholding in HTExplore to 100%. 

 

The transaction will allow SCG Chemicals to increase its capability in catalyst testing via High Throughput Experimentation which will significantly reduce catalyst development time. Catalyst testing is an essential process in developing high value added products. The acquisition will help increase research and development capability of SCG Chemicals. 

 

HTExplore is a leading High Throughput Experimentation service provider and is headquartered in Naples, Italy.