Cement News tagged under: Thailand
SCG revises down full-year outlook28 July 2017, Published under Cement NewsSiam Cement Group's (SCG) has revised down its sales growth outlook for 2017 as net profits in cement and building materials fell by 29 per cent YoY in the 2Q17. Speaking to reporters in Bangkok on Tuesday, SCG chief executive, Roongrote Rangsiyopash, said the Thai cement market slowed more than the company expected in the period. Domestic cement sales by volume were down seven per cent YoY in the three months to the end of June, following a seven per cent fall the previous quarter. Demand... |
Delays in offloading clinker at Chittagong following marine incident29 June 2017, Published under Cement NewsDelays in the offloading of clinker have been experienced at Bangladesh's Chittagong Port after bulk carrier Ocean Phoenix, laden with 45,000t of clinker on board, started to drift on the outer anchorage, after her anchor dragged. The vessel then made contact with the anchored stern of bulk carrier Green Phoenix, which was also loaded with 54,500t of clinker. Both vessels sustained damages, and are being surveyed and repaired followed by complete offloading, according to industry sources ... |
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... |
SCG Cement buys Vietnam Construction Materials07 March 2017, Published under Cement NewsSiam Cement Group’s wholly-owned subsidiary SCG Cement-Building Materials Co has acquired 100 per cent of Vietnam Construction Materials JSC, an integrated cement operator in central Vietnam. The US$440m enterprise value of this transaction includes net debt and additional efficiency improvement investment in the acquired assets. This deal brings SCG’s cement capacity across ASEAN outside Thailand to 10.5Mta, relative to its 23Mta capacity in Thailand. |
Thailand: Siam City Cement to focus on malta cement06 March 2017, Published under Cement NewsSiam City Cement Plc is looking to expand its production of malta cement to gain better returns from expected market growth driven by increased infrastructure spending in Thailand. Siam City Cement forecasts that the domestic cement market will expand by 1-3 per cent this year and it is focussing on special grade 'malta cement' which is designed for types of road, railways and reservoirs, said Mr Kajornsak Manosupsak. The production of malta cement will give the company a higher p... |
Thailand: Siam City Cement profit down 14.5 %14 February 2017, Published under Cement NewsSiam City Cement (SCC) reported a 2016 net profit of THB3.9bn (US$111.45m), down 14.5 per cent YoY due to difficult trading conditions in Thailand. One-time costs of THB304m associated with acquisitions offset by favourable coal prices, electricity tariff rates and the sale of its stake in Holcim Cement (Bangladesh) Ltd also contributed to the profit drop. Siva Mahasandana, CEO of SCC, said the company's strategy to expand the business through key investments in Thailand and nearby reg... |
Vietnam notes fall in exports in 201606 February 2017, Published under Cement NewsVietnam exported 14.73Mt of cement in 2016, down 7.1 per cent YoY, according to the General Department of Vietnam Customs. Export revenues fell 16 per cent YoY to US$561m. In December the country exported 1.31Mt of cement and clinker to the value of US$50.58m, increasing 7.7 per cent and 10.4 per cent MoM in volume and value, respectively. Key destinations of cement and clinker exports were Bangladesh and the Philippines. Bangladesh imported 4.7Mt, representing a value of US$141m or 25... |