Cement News tagged under: Thailand
Thailand: Siam Cement suffers market dip21 October 2014, Published under Cement NewsThai domestic cement demand dipped around three per cent YoY in 3Q14, as no new infrastructure projects broke ground during 9M14, while many old projects were completed, claims the Nation paper. The weaker demand probably squeezed the ex-factory price by THB25-50/t QoQ to THB1925-1950/t (US$59.60/t to US$60.40/t) in 3Q14, which would be flat YoY. Sales of building materials in Thailand are likely to have declined by as much as eight per cent YoY in 3Q14, due to weak consumption, particul... |
TPI Polene to invest THB3bn to double WtE power plant capacity20 October 2014, Published under Cement NewsTPI Polene, Thailand’s third-largest cement producer intends to spend THB3bn (US$93m) to double the capacity of its waste-to-energy (WtE) power plant in Saraburi to 120MW. Pakkapol Leoprirut, assistant vice-president for finance, said the company's waste-to-energy power plant had been producing 60 MW to serve the cement work. with all new output will also serve the same plant. The new works will come online in 4Q15 and ramp up to full capacity in 1H16. Last year, the company raised i... |
Siam Cement 3Q earnings’ outlook16 October 2014, Published under Cement NewsSiam Cement is expected to post a weak net profit for the third quarter of 2014, down 29 per cent YoY and 18 per cent QoQ, according to analysts at SCB Securities. The YoY drop reflects: no extra gain from the revaluation of its investment of THBt1.7bn as in 3Q13, the absence of 3Q13's THB840m inventory gain from its chemical unit and a slight decline in contribution from cement and building materials (lower sales volume) and paper (maintenance shutdown) units. The QoQ fall comes primaril... |
Asia Cement anticipates pick-up in Thai demand10 October 2014, Published under Cement NewsThailand-based producer Asia Cement said it expects a pick-up in demand from late this year and into 2015 due to the government’s stimulus package and the launch of infrastructure projects. The Italcementi-group company forecasts Thai consumption for full-year 2014 to be on a par with last year’s figure of 34Mt. A five per cent increase is projected for next year. Managing director of Asia Cement, Roberto Callieri, told the Bangkok Post that while Asia Cement had faced challenging times s... |
SGC second-quarter declines on weaker demand31 July 2014, Published under Cement NewsSiam Cement Group (SCG) reported a 14 per cent decline in second-quarter net profit due in part to weaker domestic cement demand as months of political unrest have delayed spending on infrastructure projects. Profit for the three months to the end of June fell to THB8.53bn, which was also impacted by lower chemical earnings. SCG chief executive, Kan Trakulhoon, said Thai cement demand is expected to increase by zero to one per cent due to a drop in construction activity and a lack of n... |
SCCC second-quarter net profit down, Thailand23 July 2014, Published under Cement NewsSiam City Cement Co (SCCC), Thailand's second-largest cement producer, posted a nine per cent YoY decline in 2Q14 net profit to THB1.47bn (US$46m) due to foreign exchange losses and declining equities revenue from associated companies. Net sales were ahead by 4.4 per cent YoY to THB7.8bn but fell 10 per cent QoQ on seasonal effects. First-half net profit increased by 19.2 per cent to THB3.38bn on sales of THB16.5bn, up by 10 per cent. "Net profit and profitability margins improved furt... |
SCG: second-quarter earnings drop expected, outlook upbeat17 July 2014, Published under Cement NewsSiam Cement, Thailand’s largest industrial conglomerate and leading cement producer, is expected to report a 10.5 per cent drop in second-quarter earnings, according to KGI Securities. The decline is mainly attributed to falling regional demand for chemical products. KGI analyst Nat Panassutrakorn has revised down his full-year net profit forecast by 8.2 per cent to THB34.5bn (US$1.1bn), but is more upbeat about longer-term prospects. "Revival in local confidence, quick disbursement fr... |
SCG prepares to launch flagship products to Indonesian market16 July 2014, Published under Cement NewsSiam Cement Group (SCG) is preparing to introduce its three flagship products to the Indonesian market, a country high on the Thai building materials major's agenda as it looks to extend its southeast Asian presence. The three products are SCG’s energy-saving lightweight concrete SCG Smartblock, the quick-to-dry Portland composite cement SCG Cement PCC, and the ready-mixed concrete Jayamix by SCG Super Concrete. The products will be used to serve the Jakarta market initially. SCG Sma... |
Improving demand outlook for SCC, Thailand15 July 2014, Published under Cement NewsDespite demand for cement and building materials yet to show signs of recovery in Thailand, consumption is expected to improve, particularly from next year, according to a recent report. Analysts at TISCO Securities believe the economic policy of the new government will help boost domestic consumption and raise public investments, which will turn to demand for basic materials, e.g. cement, building materials, paper & packaging and plastics, all of which are SCC's products. However, the de... |
Siam Cement positive earnings outlook, Thailand24 April 2014, Published under Cement NewsSiam Cement Plc is expected to post another strong quarterly performance, according to analysts at SCB Securities cited in reports by The Nation. First quarter net profit is estimated at THB9.5bn (US$293.7m), up eight per cent YoY and 19 per cent QoQ. The growth is expected to be driven by a “wider chemical spreads, no repeat of last quarter's maintenance shutdown of its chemical and paper units, and seasonally higher sales volume for all business units.” SCB expects Siam Cement’s buildin... |