Siam Cement PCL, Thailand’s largest industrial conglomerate by sales, expects the sales volume of its building material products in the fourth quarter to be hurt by the severe flooding across the country, company president and chief executive Kan Trakulhoon said Thursday.
Sales volume is likely to continue to grow in the third quarter, before declining in the last three months of the year due to the floods, Kan told reporters. He didn’t say whether the base for comparison was the previous quarter or the previous year.
He expects demand for building materials to pick up in early 2012 related to reconstruction after the floods recede.
Kan said some of the company’s plants have been directly affected by the floods, while some have experienced logistic difficulties as the floods have cut off several of the country’s main highways and local roads.