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SCG joins Mitsui & Co. and Credit Saison Establishing “Siam Saison” to provide financial service For construction materials dealers and contractors in Thailand

Date : 21 November 2018


 

SCG Trading has recently signed an agreement with Mitsui & Co. and Credit Saison Co., Ltd. to establish a new joint venture company “Siam Saison Co., Ltd.” to provide B2B financial service for construction materials dealers and contractors in Thailand.

Mr. Bunn Kasemsup, Managing Director of SCG Trading Co., Ltd., said, “This project started from SCG’s intention to enhance business capability and increase competitive advantage of construction materials dealers and contractors in Thailand. SCG Trading has partnered with Credit Saison Co., Ltd., a leading Japanese financial service provider, and Mitsui & Co., one of the largest global trading companies in various business areas. With power of this collaboration, we are confidence that our financial service for construction materials dealers and contractors will achieve a great success as planned. SCG Trading will hold direct stake of 30.6%, while Mitsui & Co. and Credit Saison will hold 29.4% and 40.0% stake respectively. The operations are expected to commence within the first quarter of 2019.”

 
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