Cement News tagged under: Siam Cement Group
Thailand: cement consumption rises by 12% in 201215 November 2012, Published under Cement NewsCement consumption this year is on track to surpass the target of 8-10% thanks to continued government investment in mass transit projects, says the Thai Cement Manufacturers Association (TCMA). The grouping of all eight local cement producers now expects consumption will grow by 12% over last year's 25.5Mt. The TCMA website pointed out that 12% growth would be triple last year's rate. "Strong growth is expected this year due to continuous large infrastructure construction, particularly... |
SCG's cement division posts 29% revenue rise in 3Q12, Thailand09 November 2012, Published under Cement NewsSiam Cement Group's cement business posted a 29 per cent increase in revenue to THB17.7bn (US$577.6m) in the third quarter of 2012, attributable to a higher domestic sales volume as well as consolidation of the recently acquired ready-mixed concrete business in Indonesia. The cement business also saw a 33 per cent rise in net profit to THB2.45bn. Building materials witnessed 18 per cent growth in revenue to THB10.5bn, thanks to continued domestic market growth momentum. |
Siam Cement plans to expand Vietnam operations08 November 2012, Published under Cement NewsThailand’s Siam Cement Group (SCG) will invest US$2m to expand its Vietnam operations next year with a total capacity of 100,000tpa. Pramote Techasupatkul, President of SCG Cement, told local press that now is not the right time to build a new cement plant in the country due to the cement surplus issues it is currently facing: “However, we have still drawn up the plan to expand the production of high-quality white and grey cement in Vietnam in the near future,” he said. SCG Cement in March... |
Siam Cement on Vietnam acquisition trail05 November 2012, Published under Cement NewsSiam Cement PCL is looking for an opportunity to acquire a cement business in Vietnam, Chief Executive Kan Trakulhoon according to Dow Jones reports. Cement companies in Vietnam are currently struggling with excess supply and this provides an opportunity for Siam Cement to seek a potential acquisition there, Mr Kan told reporters on the sidelines of a symposium. |
Siam Cement outlines Southeast Asian expansion plans26 October 2012, Published under Cement NewsThailand’s Siam Cement Group has outlined further details of plans to expand its cement presence in Southeast Asia. According to reports in The Nation, the group is to invest THB11bn to set up a cement plant in West Java, Indonesia with a capacity of 1.8Mta which is scheduled to commence operations in 2015. The board has also approved a THB5.5bn (US$ 357m) investment to increase capacity of the group’s Kampot Cement plant in Cambodia by about 0.9Mta, with the additional output expecte... |
Siam Cement doubles cement sales forecasts25 October 2012, Published under Cement NewsSiam Cement Pcl has doubled its forecast for cement sales growth this year. The company is expected to benefit government projects and the private property sector, and growth should continue in 2013, Reuters reported Chief Executive Kan Trakulhoon as saying. "Cement demand is expected to reach 35Mt this year, which is the highest since 1996," Kan told reporters, referring to the year before the 1997 Asian financial crisis. The company recently announced that it plans to spend THB11bn on a... |
Siam Cement net profit down, approves investment, Thailand24 October 2012, Published under Cement NewsSiam Cement PCL said Wednesday its third-quarter net profit fell 13 per cent from a year earlier, mainly because of higher expenses and cost of sales. Meanwhile, its board has approved THB16.5bn (US$53.6m) worth of cement investments to increase its footprint in Southeast Asia. The company posted a net profit of THB6.42bn (US$208.8m) for the three months ended 30 September, compared with THB7.38bn in the same period a year earlier, its filing to the Stock Exchange of Thailand showed. Sa... |
Siam Cement awaits Myanmar investment law to proceed with plant10 October 2012, Published under Cement NewsSiam Cement Group of Thailand is waiting for Myanmar to pass its foreign investment law before proceeding with plans to build a 5000tpd cement plant in the country. Speaking to the Bangkok Post, Pramote Techasupatkul, president of SCG Cement said: "The proposed Myanmar factory is waiting for the authorities there to implement the new foreign investment law as well as for our project proposals to be approved.” Myanmar recently delayed the implementation of the long-awaited foreign inve... |
Siam Cement sees 10% rise in domestic demand, Thailand14 September 2012, Published under Cement NewsSiam Cement Group (SCG) expects domestic cement consumption to be double than its earlier forecasts for 2012 as demand is on the path of recovery. Kan Trakulhoon, the president and chief executive, said capacity utilisation at SCG, the country's largest cement maker, this year will be on a par with last year at 18Mt or 78 per cent of its overall production level. He said the company aims to achieve maximum cement production capacity of 23Mt within the next three years thanks to recover... |
Siam Cement’s board approves investment budget, Thailand30 August 2012, Published under Cement NewsThailand’s leading industrial conglomerate Siam Cement Group said its board has approved plans to invest about THB150-200bn (US$4.8-6.4bn) over the 2013-17 period. Most of the investments will be spent in Southeast Asia and existing projects. Speaking to reporters, CEO Kan Trakulhoon, said: "The board has approved the investment budget at the minimum of THB150bn. If we get a good deal (acquisition), we can extend the budget to THB200bn." Kan added that the company plans to announce an ... |