Photo shows: Mr. Panote Sirivadhanabhakdi (4th left), Group Chief Executive Officer of Frasers Property Limited, a joint developer of One Bangkok, a fully-integrated district and the largest private sector property development in Thailand’s history, and Mr. Nithi Patarachoke (4th right), President, Cement-Building Materials Business, SCG signed a Memorandum of Understanding (MoU) for sustainable construction management according to circular economy principles to be implemented for the first time in Thailand at One Bangkok. The partnership aims to set new standards of sustainability in construction by recycling concrete waste from pile cuttings into precast panels, and the development of holistic waste and pollution management plan. The signing ceremony, recently held at The Victor Club, 8th floor of Park Ventures Ecoplex, was witnessed by Ms. Su Lin Soon (3rd left), Chief Executive Officer - Development, One Bangkok; Mr. Worawat Srisa-an (2nd left), Deputy Chief Executive Officer - Development, One Bangkok; Mr. Burin Kunatippapong (far left), Chief Development Officer, Project Development, One Bangkok; Mr. Chana Poomee (3rd right), Vice President - Cement and Construction Solution Business, Cement-Building Materials Business, SCG; Mr. Bunn Kasemsup (2nd right), Managing Director – SCG Distribution Co., Ltd; and Mr. Chuchoke Sevakunarkon (far right), Managing Director – CPAC.
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Notes to Editors:
Frasers Property Limited (“Frasers Property” and together with its subsidiaries, the “Frasers Property Group” or the “Group”), is a multi-national developer-owner-operator of real estate products and services across the property value chain. Listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) and headquartered in Singapore, the Group has total assets of approximately S$39.2 billion as at 31 March 2021.
Frasers Property's multi-national businesses operate across five asset classes, namely, residential, retail, commercial & business parks, industrial & logistics as well as hospitality. The Group has businesses in Southeast Asia, Australia, Europe and China, and its well-established hospitality business owns and/or operates serviced apartments and hotels in over 70 cities and 20 countries across Asia, Australia, Europe, the Middle East and Africa.
Frasers Property is also the sponsor of two real estate investment trusts (“REITs”) and one stapled trust listed on the SGX-ST. Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust are focused on retail, and industrial & commercial properties, respectively. Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) is a stapled trust focused on hospitality properties. In addition, the Group has two REITs listed on the Stock Exchange of Thailand. Frasers Property (Thailand) Public Company Limited is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which is focused on industrial & logistics properties in Thailand, and Golden Ventures Leasehold Real Estate Investment Trust, which is focused on commercial properties.
The Group is committed to inspiring experiences and creating places for good for its stakeholders. By acting progressively, producing and consuming responsibly, and focusing on people, Frasers Property aspires to raise sustainability ideals across its value chain, and build a more resilient business. It has committed to be a net-zero carbon corporation by 2050. Building on its heritage as well as leveraging its knowledge and capabilities, the Group aims to create lasting shared value for its people, the businesses and communities it serves. Frasers Property believes in the diversity of its people and are invested in promoting a progressive, collaborative and respectful culture.
For more information on Frasers Property, please visit frasersproperty.com or follow us on LinkedIn.
TCC Assets (Thailand) Company Limited (TCC Assets), established in 2013, is a fully integrated property development company, with a registered capital of ten thousand million baht. It is part of the TCC Group, one of the most well-known companies in Thailand. TCC Assets' investment model focuses on creating added value to assets through product and service development. TCC Assets, subsidiary company, and affiliated company focus on the development of residential real estate projects, office building and retail space, along with hotel business and services related to IT.
For more information on TCC Assets, please visit www.tccassets.com
SCG was established in 1913 following a royal decree of His Majesty King Rama VI to produce cement, the main building material for infrastructure projects that greatly contributed to the progress of the country. Since its founding, SCG has offered innovative products and services that serve customers’ needs through more than 200 subsidiaries in Thailand and strategic markets globally, and diversified into three core businesses, namely Cement-Building Materials Business, Chemicals Business and Packaging Business.
SCG adheres to conducting its business with ethics, and responsibility to all stakeholders for sustainable mutual benefits. SCG has set its Sustainable Development Framework in accordance with global practices, covering three dimensions of economy, society and the environment, with corporate governance as an overarching principle. In addition, SCG has appointed three core sustainable development strategies that are Climate Resilience, Circular Economy and Safety.
Focusing on Circular Economy, SCG realizes the global issue of waste problem and resource scarcity. SCG adopts circular economy to cope with these issues and actively seeks collaboration across sectors and stakeholders to realize efficient waste management, maximization of resource use and reducing wasteful use of new resource.
For more information about SCG and its Sustainable Development Policy, please visit www.scg.com