Cement News tagged under: SCG Group
SCG reports 4Q20 profits of THB8048m18 February 2021, Published under Cement NewsSCG reported 4Q20 profit of THB8048m (US$261.8m), a decrease of 17 per cent QoQ. EBITDA fell by four per cent QoQ to THB18,300m, largely from reduced cement building materials performance resulting from a continued economic slowdown due to COVID-19, heavy rainfall and floods in the region, and recognition of CBM’s asset impairments in 4Q20 from Myanmar and Indonesia cement operations. Sales revenue decreased by four per cent QoQ to THB97,250m from seasonally weak cement demand, effect fro... |
SCG reports 6% fall in revenue in the 1Q2030 April 2020, Published under Cement NewsThailand’s Siam Cement Group (SCG) has seen a six per cent YoY drop in revenue to THB105bn in the first quarter of 2020. Profit decreased 40 per cent YoY to THB6.97bn, due to the declining performance of its chemicals business on the back of decreased product margins. The company’s cement building materials segment reported a four per cent YoY decline in revenue to THB46.2bn, attributed to lower sales in the domestic market. Profit was also down two per cent YoY to THB2.7bn, but improved ... |
SCG sees 14% revenue increase from Cambodian operations04 February 2020, Published under Cement NewsThailand's Siam Cement Group has reported a 13.9 per cent YoY increase in sales revenue from its Cambodian operations in 2019, rising to US$451m from US$396m in the previous year. In the final quarter of 2019, sales advanced 17 per cent YoY to US$114m, driven by its cement and construction materials business, according to a press release. "Cambodia's economy continued to achieve robust growth during the fourth quarter of last year. The construction sector remained healthy thanks to publi... |
SCG looks to increase use of blockchain solution21 August 2019, Published under Cement NewsSiam Cement Group (SCG) is looking to roll out its Procure to Pay blockchain solution for payment and procurement methods to 2400 suppliers by 2020, according to the Bangkok Post. Thammasak Sethaudom, vice-president for finance and investment, has said that the company must transform its operations to chase the fast-moving blockchain trend. "Our platform has helped suppliers reduce their processing times by 50 per cent from 70min to 35min per purchase order," said Mr Sethaudom. SCG invest... |
SCG records 6% rise in revenue for 201831 January 2019, Published under Cement NewsThailand’s Siam Cement Group (SCG) announced a six per cent YoY rise in sales revenue to THB478.4bn (US$15.3bn) for 2018. However, profit for the year decreased 19 per cent from the year-ago period to THB44.74bn due to global economic uncertainties, according to the company. In the company’s Cement-Building Materials segment, revenue increased four per cent YoY to THB182.9bn in the FY18. Profit for the year finished at THB5.98bn, falling seven per cent from 2017 mainly due to asset impairm... |
SCG announces 7% increase in revenue25 October 2018, Published under Cement NewsThailand’s Siam Cement Group (SCG) has announced a seven per cent YoY increase in revenue to THB361bn (US$10.95bn) for the first nine months of 2018. However, profits fell 19 per cent to THB34.3bn mainly due to reduced performance in the chemicals business and asset impairments in the third quarter. The company’s revenue from exports advanced seven per cent to THB97.9bn in the 9M18, accounting for 27 per cent of total revenue. "The year-to-date contraction was as result of rising raw mater... |
Vietnam: multiple mergers and acquisitions05 September 2016, Published under Cement NewsSiam City Cement (SCCC) is set to purchase 65 per cent of the stakes in LafargeHolcim Vietnam in a deal valued at US$524m. The acquisition is due to be completed in the 4Q once all administrative procedures are completed. This is not the first Thai purchase of Vietnamese cement operations. In 2012 SCG Cement bought Buu Long cement plant in the Dong Nai province. SCG has been developing multiple projects in the country, purchasing stakes in a range of building materials manufacturers,such ... |
Thailand: SCG improves customer convenience09 June 2016, Published under Cement NewsSCG Cement-Building Materials, a unit of Siam Cement Group, has revamped its key online and offline customer contact points as part improving its customer services. "The main purpose is to enhance convenience for our customers, rather than for sales," said Nithi Pattarachoke, vice president for the domestic market of SCG Cement-Building Materials. Previously, SCG only manufactured and sold its products to its customers, but in recent years it has started to pay attention to the whol... |
Roongrote tipped to take SCG helm, Thailand29 May 2015, Published under Cement NewsSiam Cement Group (SCG), Thailand's largest industrial conglomerate, has confirmed Roongrote Rangsiyopash is in line to be its next president, the Bangkok Post reports. The SCG board agreed to maintain Mr Roongrote's position as executive vice-president and end his top position at SCG Paper as well as announce the promotion of two other SCG executives to replace Mr Roongrote. "It is a process that we've been planning for several years, and it's clear the company wants Mr Roongrote to repla... |
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