Ms. Yupapin Wangviwat, Chief Financial Officer, GULF, stated "This collaboration leverages the strengths of both company groups as GULF has expertise in the power and infrastructure business with a portfolio of renewable energy projects in both domestic and overseas markets and has an extensive business network. SCC is a well-established conglomerate in Thailand with core businesses, namely, cement-building materials business, chemicals business, and packaging business. This partnership will expand the customer base and enhance the value of the business for both company groups."
Moreover, the establishment of the joint venture is aligned with GULF's policy to emphasize investments in renewable energy businesses in accordance with government policies and global trends that aim to reduce greenhouse gas emissions to counter the negative effects of climate change.
Source: Gulf Energy Development