Cement News tagged under: Thailand
Siam City Cement to acquire Holcim Lanka25 July 2016, Published under Cement NewsSiam City Cement (SCC) has signed a deal to buy Sri Lankan cement company Holcim Lanka Ltd for US$400m. The acquisition will turn SCC into the market leader in Sri Lanka. SCC is anticipating that the acquisition of the 98.95 per cent stake in Holcim Lanka will be completed within two weeks of the date of agreement, while LafargeHolcim have said the transaction will be completed in 3Q16. SCC will use credit facilities from Bank of Tokyo-Mitsubishi UFJ to fund the purchase. This latest ... |
Indonesia: SCG Indonesia's sales revenue up 18% YoY04 July 2016, Published under Cement NewsSCG Indonesia, a subsidiary of the Thai cement conglomerate Siam Cement Group (SCG), saw its sales revenue increase 18 per cent YoY to IDR1.39trn (US$103m) in the first quarter, mainly from cement sales. SCG Thailand reported that revenue from SCG Indonesia's sales contributed 3.43 per cent of the company's profits in the first quarter, which was equivalent to US$3bn, according to a company statement. "For the ASEAN [Association of Southeast Asian Nations] region, where economic growth con... |
SE Asia towards oversupply?20 June 2016, Published under Cement NewsThe southeast Asian cement market has seen rapid demand growth in recent years. Backed by favourable macroeconomic trends, it is likely to remain one of the fastest-growing cement markets. Many cement producers, both local and international, performed very well in this region and are keen to expand their existing capacity, while for others entering these enticing markets has become a priority. By The Jakarta Advisory Group, Indonesia. Fast-growing southeast Asian markets are attractin... |
Thailand: Asia Cement wants mine issue resolved17 June 2016, Published under Cement NewsAsia Cement Plc has set up talks with the Industry Ministry to try to resolve its revoked licence to operate a limestone mine, reports the Bangkok Post. Asia Cement was granted a licence to operate a limestone mine in Nakhon Si Thammarat province in 1997, expecting the mine would help increase its cement production to meet rising demand in the south. However, in 2015, the Ministry of Natural Resources and Environment's Forestry Department issued an order announcing the area was a con... |
Vietnam's new Master Plan13 June 2016, Published under Cement NewsVietnam is having to rebalance its cement output with expected market demand. While there have been limitations on the creation of new plants, there is now strong evidence for the government to encourage the construction of larger plants while phasing out the less economical smaller units. By Hai Khieu, StoxPlus, Vietnam. Vietnam is seeking to rebalance its cement and clinker supply to demand. This could take a decade to implement, says StoxPlus The overheated expansion of Vi... |
Thailand: SCG improves customer convenience09 June 2016, Published under Cement NewsSCG Cement-Building Materials, a unit of Siam Cement Group, has revamped its key online and offline customer contact points as part improving its customer services. "The main purpose is to enhance convenience for our customers, rather than for sales," said Nithi Pattarachoke, vice president for the domestic market of SCG Cement-Building Materials. Previously, SCG only manufactured and sold its products to its customers, but in recent years it has started to pay attention to the whol... |
Cemex02 June 2016, Published under Cement NewsCemex has completed the sale of its operations in Thailand and Bangladesh to Siam City Cement for some US$53m. These operations consist of an integrated cement works near Bangkok with a capacity of 0.6Mta and a grinding centre at Nagarangonj in Bangladesh with a capacity of 0.52Mta. |
SCG forecasts regional capacity will hit 292Mta by 201820 April 2016, Published under Cement NewsIn a presentation to investors earlier this month, Siam Cement Group (SCG) disclosed that it expects capacity in Thailand and nearby markets will reach 292Mta in two years' time, up from 251Mta in 2015. Production capacity is set to expand in Thailand, Indonesia, Vietnam, Myanmar, Cambodia and Laos. This comes against a backdrop of existing overcapacity – in 2015 domestic consumption in the six countries was 168Mt, implying a utilisation rate of 67 per cent. Demand growth in Thailand a... |
Thailand: Italcementi to keep ASEAN base11 April 2016, Published under Cement NewsThailand will continue to be Italcementi Group's production base in ASEAN and its base for expanding into Myanmar after HeidelbergCement acquires Italmobiliare's 45 per cent stake in Italcementi in July, group Chief Executive Officer, Carlo Pesenti, said in an interview with The Nation. "Since Italmobiliare and HeidelbergCement signed an agreement regarding the sale to HeidelbergCement of Italmobiliare's 45 per cent stake held in Italcementi in July last year, we have discussed the poli... |
Cemex divests of Bangladesh and Thailand units, potential sale of minority stake in Philippine assets11 March 2016, Published under Cement NewsCemex announced yesterday that it has signed an agreement for the sale of its operations in Bangladesh and Thailand to Siam City Cement Co for approximately US$53m. Meanwhile, Cemex's Philippine subsidiary has presented an application to Philippine authorities for the potential sale of a minority stake of assets in the southeast Asian country. Bangladesh and Thailand divestitures Proceeds obtained from the Bangladesh and Thailand transaction will be used mainly for debt reduction and for ... |