Siam Cement Plc, the country’s largest producer, expects domestic demand for cement to fall next year due to the government’s mega-projects being delayed, an executive said yesterday.
Company president Kan Trakulhoon said its sales of cement this year were expected to rise by around 5-6 per cent to 18Mt. Of that, about 11Mt would be sold domestically, and the remaining 7Mt exported overseas.
But because of the delay to the mega-projects (mainly train lines in Bangkok), there would be no extra demand for cement for these projects this year, Kan said.
Therefore, the company would try to export more cement next year. However, Siam Cement already planned to expand it cement production capacity to serve the upcoming projects.