Online Original: "The Problems Have To Be Solved One At A Time"

Chumpol Nalamlieng, president of Thai powerhouse Siam Cement, on the slow but steady process of recovery

Siam Cement is Thailand's largest company and one of Southeast Asia's industrial powerhouses. Thailand's Crown Property Bureau owns a significant minority stake in the company, reflecting the 80-year-old Bangkok-based corporation's importance in Thai national development. Like virtually every large Thai company, Siam Cement was badly caught out by the 1997 devaluation of the Thai baht -- it was groaning under more than $4 billion in mostly unhedged foreign debt at the end of 1997.

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