Cement News tagged under: Thailand
Roongrote tipped to take SCG helm, Thailand29 May 2015, Published under Cement NewsSiam Cement Group (SCG), Thailand's largest industrial conglomerate, has confirmed Roongrote Rangsiyopash is in line to be its next president, the Bangkok Post reports. The SCG board agreed to maintain Mr Roongrote's position as executive vice-president and end his top position at SCG Paper as well as announce the promotion of two other SCG executives to replace Mr Roongrote. "It is a process that we've been planning for several years, and it's clear the company wants Mr Roongrote to repla... |
Siam Cement earnings' preview: robust quarter expected20 April 2015, Published under Cement NewsThai conglomerate SCC is expected to report a strong net profit of THB10.2bn (US$315m) in the first quarter of 2015, up 21 per cent YoY and 15 per cent QoQ, according to estimations by SCB Securities. “We continue to like SCC for several reasons: 1) it benefits from low oil price via wider spreads and cheaper fuel costs and from a weak baht as a net exporter; 2) 2Q15 profit will continue strong, 3) solid three-year earnings growth of 16 per cent,” the research house stated. First qua... |
Fitch affirms SCCC long-term rating, Thailand09 April 2015, Published under Cement NewsFitch Ratings has affirmed Thailand-based Siam City Cement Public Company Limited's (SCCC) National Long-Term Rating at 'A(tha)', its National Short-Term Rating at 'F1(tha)', and the National Long-Term Rating on its senior unsecured debentures at 'A(tha)'. The Outlook is Stable. Key rating’s drivers Strong market position: SCCC's ratings are underpinned by its market position as Thailand's second-largest cement producer by market share, with a stable market share of 27 per cent. Fitc... |
Asia Cement in renewable energy schools project, Thailand07 April 2015, Published under Cement NewsAsia Cement, part of the Italcementi Group, has initiated the "25 Renewable Energy Schools Project" as part of the Thai cement producers corporate social responsibility, environmental and energy efforts. The project involves the installation of 4kW on-grid solar PV rooftops to be used alongside electricity distributed by the Provincial Electricity Authority (PEA) in 25 small and medium- sized schools. They are situated around three cement plants in Phra Phutthabat district located in Sarabu... |
TPI Polene: solid growth prospects01 April 2015, Published under Cement NewsTISCO Securities has reinitiate coverage of Thai cement producer TPI Polene with a ‘Buy’ based on exciting growth prospects. Coverage on TPIPL is reinitiated with a 'Buy' rating as the company is expected to post strong three-year CAGR in normalised profit of 160 per cent. Key earnings drivers are: 1) its expansion into alternative fuel power plant with a total capacity of 199MW over the next three years; 2) a 50 per cent increase in its cement capacity from investment in its fourth cemen... |
Thailand: Holcim sells stake in Siam City Cement30 March 2015, Published under Cement NewsHolcim Ltd today announces that it has sold its entire remaining shareholding of 27.5 per cent in Siam City Cement (Public) Company Ltd (SCCC) in Thailand via a private placement in capital markets. For the sale of its entire remaining stake, Holcim will receive a total consideration of approximately CHF655m (US$626m), which will result in a gain before taxes of approximately CHF365m (US$349m). Of the 27.5 per cent, 24.9 percent were acquired by a member of the Jardine Matheson Group, a Ho... |
Holcim launches upto US$741.4m selldown in Siam City shares27 March 2015, Published under Cement NewsHolcim Ltd on Thursday launched an up to US$741.4m selldown of shares in Thailand's second-largest cement company Siam City Cement PCL (SCCC), IFR reported, citing a term sheet of the deal. Holcim is selling 63.29 million SCCC shares through its Thai Roc-Cem Ltd unit at an indicative range of between THB350 and THB381, putting the total deal at up to THB24.11bn (US$741m), added IFR, a Thomson Reuters publication. SCCC, controlled by Thailand's Ratanarak family, had announces Holcim's inten... |
Asia will drive cement growth, says Italcementi chief executive16 March 2015, Published under Cement NewsItalcementi Group foresees stronger growth of 2-3 per cent this year, with the key driver being Asia, backed by economic recoveries in the European Union and North America. Given the expected stronger growth, the group plans to expand its businesses to African countries such as Mozambique, Ghana and Tanzania, CEO Carlo Pesenti said during an interview with The Nation last week. "The company foresees better performance in Asia, including Thailand, with revenue for the continent projected to ... |
Loesche awarded SCG Cement order, Thailand13 March 2015, Published under Cement NewsLoesche has been awarded a contract by SCG Cement to deliver an LM 56.3+3 C vertical roller mill for clinker grinding at the cement producer's plant in Ta Luang, Thailand. The new mill will be designed for the production of 200tph of Portland cement type I at 3600 Blaine as well as 150tph Portland cement type III at 4500Blaine. The scope of the Loesche’s delivery also includes premium parts such as the mill motor, the mill fan as well as an LSVS-classifier. Commissioning of the LM 56.3+3... |
Upbeat outlook for Siam Cement PLC25 February 2015, Published under Cement NewsKasikorn Securities (Thailand) has reinitiated coverage of Thai conglomerate Siam Cement PLC with an 'Outperform' rating due to renewed optimism in domestic cement consumption and further improvement in its chemical business' profitability. The research house says the Thai cement industry is expected to resume its organic growth at about 6-7 per cent in 2015. “We believe that the industry has already passed the bottom with the government’s planned investment in major infrastructure projec... |