Acquisitions top Siam Cement CEO's to-do list

Undaunted by the challenges, Kan Trakulhoon, CEO of Siam Cement, is focusing on acquisitions in the region.

When Kan Trakulhoon, chief executive of Thailand’s Siam Cement Group, wanted to buy Indonesian petrochemical company Chandra Asri a decade ago, he courted the owners assiduously.

The Harvard-educated Trakulhoon was no stranger to Indonesia, having spent a stint in Jakarta during the throes of the Asian financial crisis in 1997.

However, he had little luck convincing the owners to sell.



“Many years ago in 2004, 2005, I myself went to the management and owner of this company more than 10 times in order to acquire this company Chandra Asri but they didn’t want to sell,” recalls Trakulhoon in a phone interview with...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222