Indonesia: SCG Indonesia's sales revenue up 18% YoY

SCG 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 continues at a steady pace, SCG's investment plans are  on track, with the cement plants in Indonesia and Cambodia now in  commercial operation," SCG president and chief executive, Roongrote Rangsiyopash, said in the statement.

The company said construction on its first cement plant in Java, operated by subsidiary Semen Jawa, was completed and commercial operations began in the 4Q15.

The company operates three core businesses: cement production, chemicals and cement packaging. It has operations in several ASEAN countries, including the Philippines, Cambodia and Myanmar.