Reference
·Supporting source
SCGC Long Son Petrochemicals (LSP) Vietnam operating loss
~THB 10-15B annualised loss
SCG Chemicals (SCGC), the petrochemicals arm of Siam Cement Group (SET:SCC), commissioned the USD 5.4 billion Long Son Petrochemicals (LSP) integrated complex in Vietnam in 2023 — the largest single private-sector investment ever made by a Thai group. Through 2024, LSP has run at low utilisation and posted an estimated annualised operating loss in the THB 10-15 billion range, weighing materially on SCG group consolidated EBITDA. The complex was suspended for an extended turnaround in late 2024. SCG's FY2024 results commentary cites LSP as the largest single drag on group financials, and the timing of LSP's path to cash-positive operations is the single largest swing factor in 2025-2026 group earnings.
Figure in context
SCG Chemicals (SCGC), the petrochemicals arm of Siam Cement Group (SET:SCC), commissioned the USD 5.4 billion Long Son Petrochemicals (LSP) integrated complex in Vietnam in 2023 — the largest single private-sector investment ever made by a Thai group. Through 2024, LSP has run at low utilisation and posted an estimated annualised operating loss in the THB 10-15 billion range, weighing materially on SCG group consolidated EBITDA. The complex was suspended for an extended turnaround in late 2024. SCG's FY2024 results commentary cites LSP as the largest single drag on group financials, and the timing of LSP's path to cash-positive operations is the single largest swing factor in 2025-2026 group earnings.
SCG Chemicals (SCGC), the petrochemicals arm of Siam Cement Group (SET:SCC), commissioned the USD 5.4 billion Long Son Petrochemicals (LSP) integrated complex in Vietnam in 2023 — the largest single private-sector investment ever made by a Thai group. Through 2024, LSP has run at low utilisation and posted an estimated annualised operating loss in the THB 10-15 billion range, weighing materially on SCG group consolidated EBITDA. The complex was suspended for an extended turnaround in late 2024. SCG's FY2024 results commentary cites LSP as the largest single drag on group financials, and the timing of LSP's path to cash-positive operations is the single largest swing factor in 2025-2026 group earnings.
Time scope
FY2024 estimated annualised drag
Source basis
Supporting source
Interpretation notes
What this tells you
SCG Chemicals (SCGC), the petrochemicals arm of Siam Cement Group (SET:SCC), commissioned the USD 5.4 billion Long Son Petrochemicals (LSP) integrated complex in Vietnam in 2023 — the largest single private-sector investment ever made by a Thai group. Through 2024, LSP has run at low utilisation and posted an estimated annualised operating loss in the THB 10-15 billion range, weighing materially on SCG group consolidated EBITDA. The complex was suspended for an extended turnaround in late 2024. SCG's FY2024 results commentary cites LSP as the largest single drag on group financials, and the timing of LSP's path to cash-positive operations is the single largest swing factor in 2025-2026 group earnings.
What not to do with it
Annualised loss is an estimate derived from SCG group earnings call commentary and segment disclosure; SCG does not publish a discrete LSP P&L line. LSP turnaround status as of early 2025 has not been fully resolved.
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