Cement News tagged under: Siam City Cement
Siam City to expand production in Sri Lanka and Bangladesh06 June 2018, Published under Cement NewsSiam City Cement (Lanka) Ltd, which is building a new vertical cement grinding plant in Galle, on the southwest coast of Sri Lanka, to raise its capacity by 0.4Mta, is on track for start-up in August. The new grinding unit is being built at an estimated cost of US$50m and of this total, Siam City (Lanka) spent US$5m to address the plant's environmental impact, according to INSEE Cement Si Lanka CEO, Paul Hugentobler, who further informed media that the company's main aim is to build t... |
Siam City Cement posts 28% revenue increase 43% net profit dip 201714 March 2018, Published under Cement NewsSiam City Cement announced a total consolidated revenue increase of 25.8 per cent to THB43.885bn in 2017 from THB34.896bn the previous year. Net sales increased 27.6 per cent YoY to THB43.634bn from THB34.192bn during the same period. But as expenses surged 34.8 per cent YoY to THB39.632bn, the company’s profit before joint venture and associate shares, finance cost and income tax expenses fell by 22.7 per cent to THB4.253bn from THB5.501bn in 2016. Net profit came down 42.6 per cent ... |
Contractor wins LKR1m worth of Insee Sanstha cement10 January 2018, Published under Cement NewsThe grand prize of the ‘Athek Barata Cementhi’ campaign by Insee Cement has been won by a contractor based in Meerigama, Sri Lanka. Chandika Rajapakshahas has received the prize of LKR1m (US$6,501) worth of Insee Sanstha cement in a competition designed to reward loyal customers, reports the Daily Mirror. Alongside this, 45 other winners received LKR50,000 worth of Insee Sanstha cement in a daily draw. "INSEE Sanstha is blended cement with a long-standing legacy. One in every three houses ... |
Siam City sees weaker domestic demand07 August 2017, Published under Cement NewsSiam City Cement Co recorded an 80 per cent decline in second-quarter net profit with the fall being attributed to rising costs and weaker demand in its home market of Thailand. Revenue during the 2Q17 rose by 39 per cent to THB10.8bn (US$324.4m) compared to the same period of last year but net profit fell to THB246m from THB1.2bn a year earlier. For the first half of the year, total revenue was up by 34 per cent to THB21.4bn. President and chief executive of SCC Siva Mahasandana said the ... |
New Cambodian plant due for year-end completion10 July 2017, Published under Cement NewsChip Mong Insee Cement Cooperation is nearing completion of its new cement plant in Kampot province, Cambodia, according to local press reports. The US$262m factory with the capacity to produce 5,000tpd of cement is due to open by the end of the year, the Khymer Times reported. Chip Mong Group and Chip Mong Insee Cement signed a partnership agreement with China’s CITIC Heavy Industries Company to build the plant, construction of which began last year. Chip Mong Insee Cement Cooperation i... |
Siam City to invest in Vietnam operations06 July 2017, Published under Cement NewsSiam City Cement Vietnam Co Ltd will invest an additional US$30-50 in its Vietnamese cement plants in Kien Giang, Ba Ria-Vung Tau and Dong Nai provinces, and Ho Chi Minh City (HCMC) in the next 6-12 months, the Saigon Daily Times reports. At a meeting between the company and HCMC authorities on Monday, Philippe Richart, general director of the company, said the Vietnamese economy would continue expanding in the future. In September 2016 LafargeHolcim announced that it is to divest of its V... |
Insee Aggregates selects Metso to supply aggregate processing plant24 May 2017, Published under Cement NewsInsee Aggregates, part of Siam City Cement Co, has selected Metso to supply a full-scope, state-of-the-art quarry processing plant for the Suphanburi Quarry in Thailand. The delivery covers all the advanced crushing and screening equipment, full electrical plant design, automation software and hardware, as well as related services and sustainable optimisation. The quarry has a large proven resource. After its completion, the plant will have an estimated production capacity of 2Mta. The in-... |
Siam City Cement collaborates with NIIT Technologies28 April 2017, Published under Cement NewsSiam City Cement Co (SCCC) of Thailand has partnered with global IT solutions organisation NIIT Technologies Ltd to build its future-ready IT infrastructure. Supporting the digital transformation for SCCC, NIIT Technologies has designed, delivered and is operating its private and public cloud infrastructure. SCCC’s digital journey is driven by INSEE Digital, its IT subsidiary started with INSEE Smart program. The program focussed on deploying Asia’s first SAP S4 HANA hybrid cloud IT infras... |
Cemex04 April 2017, Published under Cement NewsCemex has agreed the sale of its operations in Bangladesh and Thailand to Siam City Cement for around US$53m. In Thailand there is an integrated works at Saraburi with a clinker capacity of 0.73Mta and a cement capacity of 0.85Mta. The Bangladesh operation consists of a grinding centre with a capacity of 0.55Mta. Cemex is also considering the sale of a minority stake in Cemex Holdings Philippines through a public offering and has lodged an appropriate application with the Securities & ... |
Siam City Cement plans refinancing bond28 March 2017, Published under Cement NewsSiam City Cement, Thailand’s second-largest cement producer, has been on the road to meet fixed-income investors for a planned sale of THB13bn (US$377.8m) bond. The proceeds are expected to refinance maturing debt, including bridging loans for acquisitions in Sri Lanka and Vietnam. The company had obtained a THB18.9bn 12-month bridging loan to purchase a 65 per cent stake in Holcim Vietnam in January. That was in addition to a US$400m 12-month bridging loan raised in August to acquire Holc... |