Siam Cement sees 2006 revenues rising

Siam Cement sees 2006 revenues rising
Published: 25 January 2006

Thailand’s biggest industrial conglomerate, Siam Cement , said on Wednesday it expected revenues to rise 5 to 10 per cent this year, led by its petrochemical and cement businesses. The firm expected the domestic cement market to grow about 3-6 percent this year, while the spread between raw material costs and the price of petrochemical products would be close to last year’s $550 per tonne, president Kan Trakulhoon, told reporters. Siam Cement noted it will sell up to 20 billion baht (US$508m) worth of bonds in March to refinance debts. The bonds would be issued in three tranches, it said in a statement.