Siam Cement chief expects economy to grow 4-5% next year

Siam Cement chief expects economy to grow 4-5% next year
Published: 19 November 2010

Siam Cement president Kan Trakulhoon on Thursday projected that the Thai economy will expand 4-5 per cent next year, which could contribute to the higher growth of both the agricultural and cement business sectors.



Given the continued economic expansion, he said the demand for cement for construction would increase.

In the past few years, he revealed, the local demand for cement in provincial areas had surged to 60 per cent while that in Bangkok metropolitan dropped to 40 per cent due partly to political and economic woes.



Mr Kan acknowledged that overall cement demand had declined each year from 2006 through 2009.



However, in the fourth quarter of 2009, demand turned and began edging up, signaling a sound recovery of the Thai economy, he said.