Siam Cement Plc (SCC), Thailand’s largest industrial conglomerate, plans to spend 1.96 billion baht on power generators to help reduce energy costs.
The company said the energy-efficient generators, with a total capacity of 33.5 megawatts, at three cement plants would achieve annual savings of 500 million baht.
The generators with be installed at the company’s Thung Song plant in Nakhon Si Thammarat, and at the Kang Khoi and Ta Luang plants in Saraburi. The units are expected to be operational by the first quarter of 2008.
SCC has forecast flat net profit growth this year due mainly to high energy costs.