Briefs

Siam Cement (SCC) has divested its stake in Michelin Siam Group, according to its filing to the Stock Exchange of Thailand yesterday.
SCC has reached an agreement with France’s Michelin Group to sell its 10-per-cent stake in Michelin Siam. This transaction is expected to generate about Bt2.3 billion, and result in a non-recurring income after tax of about Bt1.6 billion, which will be realised this quarter.

OCS SE ASIA GETS NEW MANAGING DIRECTOR
UK-based OCS Group, which provides facility-management services, has announced the promotion of Thana Thiramanus, managing director of PCS (Thailand) Co, to the position of managing director of OCS Southeast Asia effective from January 1.
Thana will be responsible for the continued sustainable growth and development of all OCS group businesses in Vietnam, Cambodia, Thailand, Malaysia and Singapore. He will also lead the expansion of the company’s business in Myanmar, Laos, the Philippines and Indonesia in the near future.
OCS says Thana has been with the group for just under four years and has led its businesses in Thailand with great success during challenging times. He has developed high-performing teams and businesses and is well known in the business sector in Thailand. During this time, he has played a very significant role in the development of the whole of OCS in Southeast Asia, the group says.
OCS says Southeast Asia is a vibrant part of the world with huge opportunities for it to be the leading company of choice for all its stakeholders.