China’s cheap exports are ‘a fact of life,’ Siam Cement Group’s CEO says—so Southeast Asia’s factories need to get bigger

Chinese overcapacity is “a fact of life,” and Southeast Asia’s manufacturers must build plants big enough to sell across the whole region or get priced out, the CEO of Thai industrial giant Siam Cement Group said Tuesday. “If you look at the current situation, we are facing overcapacity from mainland China,” Thammasak Sethaudom, president and CEO of SCG, said onstage at the Fortune Southeast Asia 500 Summit in Ho Chi Minh City on Nov. 3.

Source: Fortune Crypto