COTTO joins forces with “LHCG” to establish a joint venture company Entering the Cambodian market, selling “ceramic tile-sanitary ware”

SCG Ceramics Public Company Limited or COTTO Disclosure through the information system of the Stock Exchange of Thailand (SET) that Sosuco Ceramic Company Limited (SSC), a wholly owned subsidiary of COTTO. entered into a joint venture agreement with LHCG Construction Store Co., Ltd. (LHCG) to establish a joint venture company to conduct wholesale and retail business for distribution of ceramic tiles, sanitary ware and related products in Banteay Meanchey and Siem Reap provinces, Cambodia This is a country with market potential and has a continuously growing demand for ceramic tiles.

LHCG is a cement and construction products distribution company since 1992 in Poipet and Siem Reap provinces. Cambodia which has expertise in wholesale business Domestic freight, import, inventory distribution and sales channels, where LHCG is one of the current distributors of COTTO products.

As for the joint venture to be established with a registered capital of USD 550,000, or approximately 17.10 million baht, SSC and LHCG will hold 60% and 40% respectively. In implementing this project, the joint venture company is expected to be completed in the second quarter of 2022 and commence business by the end of 2022.

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