Siam City Cement becomes regional market leader

Siam City Cement becomes regional market leader
07 June 2018

Siam City Cement (SCC) has strengthened its regional position in 2017 to become a market leader in southeast Asia. Key strategic investments in 2017 included the acquisition of plants from Cemex (Bangladesh), Holcim (Sri Lanka) and Cemex (Thailand) during 2016. More recently, It has constructed the greenfield Kampot cement plant with a 1.5Mta capacity in Cambodia in 4Q17.

Moreover, according to SCC's annual 2017 report, the company has completed the acquisition of a 65 per cent stake in the cement business of LafargeHolcim Vietnam.

Accordingly, SCC has boosted its regional cement capacity in southeast Asia from 14.8Mta to 26.5Mta. Its revenue portfolio is highly diversified, mitigating single-market risk as approximately 50 per cent of the revenue will be generated from high-growth emerging markets, such as Bangladesh, Sri Lanka and southern Vietnam.

Published under Cement News