SCCC cautious on revenue growth and demand

SCCC cautious on revenue growth and demand
Published: 11 April 2014


Siam City Cement (SCCC) is cautious on its outlook for the year and expects marginal or even flat revenue growth.

Speaking to the Bangkok Post, director and chief executive Vorathep Rangchaikul, said the political conflicts of the last six months have hurt economic activity. Consequently, local cement consumption most likely will expand by just 2-3 per cent this year.

SCCC has thus tried to cut expenses and improve efficiency while increasing exports to offset declines in the domestic market, Mr Vorathep added.