Siam City Cement Invests 2 Billion Baht in Subsidiary.

By Srisamorn Phoosuphanusorn, Bangkok Post, Thailand Knight Ridder/Tribune Business News

May 1--Siam City Cement Plc (SCCC) is investing two billion baht in a wholly owned subsidiary, Conwood Co, to produce fibre cement, a new product used as a wood substitute.

The project was part of a campaign to increase SCCC's profit by 20 percent this year, said Paul Hugentobler, an executive committee member of the Swiss-based Holcim Group, the major shareholder of SCCC.

Fibre cement is a mixture of 75 percent cement, 20 percent fibre and 5 percent othe