Cement News tagged under: Cambodia

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SCC Cement-Building Materials division facing near-term challenges

19 January 2016, Published under Cement News

Siam Cement Co (SCC) is expected to report good fourth-quarter earnings, but its Cement-Building Materials' (CBM) division is expected to come under pressure from depreciation expenses related to Asean cement plants and weaker consumption in its home market of Thailand, Bualuang Securities writes. The research house expects SCC to report a consolidated 4Q15 net profit of THB9.5bn, up eight per cent YoY and six per cent QoQ. The assumed YoY increase is due mainly to stronger Chemicals pe...

Thailand’s SCG to invest US$200m in Cambodia building materials sector

21 December 2015, Published under Cement News

Siam Cement Group (SCG) will invest US$200m to expand its operations in Cambodia between 2016-20. The company will focus on the cement and building materials sectors, which have strong potential to grow amid the Cambodian government's policy of ramping up infrastructure projects, said Kan Trakukhoon,  president and CEO of SCG. "SCG sees Cambodia as one of the more interesting Asean members, with a high economic growth rate," Mr Trakulhoon said.

CITIC Heavy Industries Co wins Cambodian plant project

07 December 2015, Published under Cement News

Chip Mong Insee Cement, a unit of domestic conglomerate Chip Mong Group, has signed a partnership agreement with China’s CITIC Heavy Industries Co Ltd to build a US$262m cement plant in Kampot province, according to local media. Chip Mong Insee is a joint-venture with Thailand’s Siam City Cement Plc formed in December 2012. The plant will have the capacity to produce 5000tpd. Construction is slated to start next year. During the signing ceremony at the weekend in Phnom Penh, Aidan Lynam, ...

Siam City Cement to set up Cambodian JV

24 September 2015, Published under Cement News

Thailand-based Siam City Cement (SCCC) has approved a plan to set up a joint venture with Chip Mong Group to operate a cement plant in Cambodia. Thailand’s second-largest cement producer SCCC will take 40 per cent equity in Chip Mong Cement Corporation Ltd, the joint venture firm, and Chip Mong Group and three other individuals will hold the majority 60 per cent. The JV firm has a registered capital of US$150m, comprising 75,000 ordinary shares at a par value of US$2000 each. It is expe...

SCG Cement outlines additional Cambodian spend

25 August 2015, Published under Cement News

SCG Cement has outlined an additional investment of US$200-300m into Cambodia over the next five years, according to Aree Chavalitcheewingul, vice president for regional business of SCG Cement-Building Materials. According to Thai media, the five-year investment plan includes adding a third line to its Kampotcement plant, southern Cambodia, where SCG commenced the second production line in mid-2015. SCG also plans to double its network of ready-mix concrete plants in the country. "We hav...

Upbeat outlook for Siam Cement PLC

25 February 2015, Published under Cement News

Kasikorn 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...

SCG positive on Thai demand outlook

22 January 2015, Published under Cement News

Thai cement demand is expected to increase by six per cent in 2015 after remaining flat last year, and prices are expected to hold relatively steady despite new capacity on the way, the country’s leading cement producer has said. Speaking during the SCG Dinner 2015 hosted last week, CEO Kan Trakulhoon pointed out that demand resumed YoY growth in December and this year demand will be driven by state infrastructure and commercial projects, Bualuang Securities reported. After reaching a r...

Indonesia, Taiwan and Malaysia top Vietnam's eight month export table

26 September 2014, Published under Cement News

Indonesia, Taiwan and Malaysia were the largest importers of Vietnamese clinker and cement in the first eight months of this year, latest data from Vietnam’s Ministry of Industry and Trade shows. During the period, Indonesia imported 1.56Mt of clinker and cement worth US$73m from Vietnam, while Taiwan acquired 933,128t worth US$40m and Malaysia purchased 904,117t worth US$44m. Next in line were the Philippines (721,060t worth US$27m) and Cambodia (348,139t worth US$19m), the ministry ad...

Vietnam’s export volumes up 20% YoY

04 September 2014, Published under Cement News

In the first seven months of this year, Vietnam earned US$563.15 from exporting 13.1Mt of clinker and cement, up 24 and 20.4 per cent in value and volume terms, respectively.  Indonesia, Taiwan and Malaysia were the top importers of Vietnamese exports during the period, according to figures from the Vietnamese Ministry of Industry and Trade. Indonesia imported 1.42Mt of clinker and cement worth US$69m, Taiwan acquired 863,270t worth US$37.6m and Malaysia purchased 700,880t worth US$34.7m. ...

SCG: second-quarter earnings drop expected, outlook upbeat

17 July 2014, Published under Cement News

Siam 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...