The Board of Directors of The Siam Cement Plc (or ?SCC?) has approved the company?s participation in the financial and shareholding restructuring of P.T. Siam Maspion Polymers (or ?SMP?). Founded in 1996 by SCC (30%), Thai Plastic and Chemicals Plc or ?TPC? (20%) and the local Indonesian partner P.T. Maspion (50%), SMP is a producer of PVC products with a total capacity of 120,000 ton. It is located in Surabaya, Indonesia, and has a domestic capacity share of 19%. Mid of this year, as a part of the shareholders? restructuring, P.T. Maspion has offerred to sell its entire 50% stake to the foreign shareholders. As a result, SCC?s stake in SMP will effectively be increased from 30% to 60% at a cost of approximately 300 Million Baht while the other 40% of SMP will be owned by TPC. Beginning Q3/05, SCC will consolidate SMP?s assets of 1,700 MB into its balance sheets.