Cement News tagged under: Siam Cement Group
SCG to develop biochar-infused cement09 April 2024, Published under Cement NewsSiam Cement Group (SCG) is collaborating with Biochar Life, a pioneer in biochar technology for environmental sustainability, to develop biochar-infused cement and other sustainable building materials. The two companies have signed a Memorandum of Understanding (MoU) that targets four areas: innovative development, supply chain integration, research and sustainability, and smallholder impact. The collaboration will involve the launch of a pilot project at Chiang Mai University for the ... |
Siam Cement develops new low-carbon cement03 April 2024, Published under Cement NewsThailand-based Siam Cement Group (SCG) has developed a new low-carbon cement that has lowered emissions by 15-20 per cent. According to SCG, the new product is better or stronger than regular Portland cement and was achieved using clean energy sources and waste heat generated during production, resulting in a 38 per cent reduction in energy consumption. The producer has also adjusted the raw material proportions to further reduce carbon emissions, reports The Nation. “This cement was n... |
SCG reports 7% increase in revenue24 February 2023, Published under Cement NewsThe Siam Cement Public Co Ltd (SCG) reported a 14 per cent drop in sales revenue to THB122,190m (US$3510.1m) in the 4Q22 when compare with the 4Q21. The company’s EBITDA fell by 53 per cent YoY to THB10,122m while profit was down by 98 per cent YoY to THB157m. The results were affected by lower chemicals product prices and volume driven by softer demand. In the 2022 financial year, sales revenues increased seven per cent YoY to THB569,609m, supported by the company’s Packaging and Ce... |
Sublime Systems secures funding for low-carbon cement18 January 2023, Published under Cement NewsUS-based Sublime Systems has raised US$40m to develop new technology to produce low-carbon cement. According to Bloomberg, Sublime has come up with a process that reduces energy use and carbon emission by splitting the cement-making process into two parts. The first step is the production of calcium in a form that will chemically react with silicon, the key element in sand. Sublime reduces energy use and carbon emissions in this step by avoiding limestone and using electricity rather tha... |
Sarawak considers importing cement from Thailand23 December 2022, Published under Cement NewsThe Borneo-based Sarawak Economic Development Corp (SEDC) and the Bintulu Development Authority (BDA) are planning to create a joint venture to import cement from Thailand to address the supply shortage in the state of Sarawak. According to the Borneo Post Online, imports could total 0.5-1Mt from 2023. SEDC and BDA visited Siam Cement Group (SCG) in Bangkok recently to discuss the proposal. Due to the shortage of cement in Sarawak, cement prices in the state are 15 per cent higher tha... |
Siam Cement Group invests THB100bn in environmental performance16 December 2022, Published under Cement NewsSiam Cement Group has laid out its investment plans for the next five years, showing a strong emphasis on environmental issues and moving towards establishing circular economies. The company announced that it will invest THB100bn (US$2.89bn) through the end of 2027 in areas such as renewable energy, while also continuing efforts to decarbonise its main building materials and chemicals businesses. SCG plans to strengthen its position in manufacturing materials for solar power generation... |
Siam Cement Group enters JV for new ACC plant09 December 2022, Published under Cement NewsThailand-based Siam Cement Group (SCG) has entered into a joint venture (JV) with India’s BigBloc Construction (BCL) to build a greenfield plant to manufacture aerated autoclaved concrete (AAC) blocks and AAC panels. The JV, known as Siam Cement BigBloc Construction Technologies, is 52 per cent controlled by BCL and 48 per cent controlled by SCG. The new works marks an investment of INR650m (US$7.9m), according to Financial Express, and will be located in the Kheda district, near Ahmed... |
Siam Cement Group targets digital platform and machine efficiency upgrades23 June 2021, Published under Cement NewsSiam Cement Group (SCG) is maintaining its investment budget at THB65-75bn (US$2.04m-2.36m) for the second half of this year even though the third wave of the pandemic has damaged its businesses. The company is focusing on digital platforms and is asking the government to support e-commerce and other measures to deal with the pandemic. "Businesses must brace for changes caused by virus spread," said Roongrote Rangsiyopash, SCG president and CEO. SCG plans to spend most of ... |
SCG's 1Q21 cement and building products revenue up 15% QoQ05 May 2021, Published under Cement NewsThailand-based Siam Cement Group has seen revenue from its cement and building products business reach THB46,185m in the 1Q21, an increase of 15 per cent compared to the previous quarter. However, revenue was flat compared to a year earlier due to regional demand weakness and the planned maintenance of its Cambodia cement plant during the period. Profit in the segment during the 1Q21 was THB2809m, an increase from the year-ago period due to effective cost management and seasonal factors. ... |
Siam Cement sees net profit rise 7% in 202029 January 2021, Published under Cement NewsThailand’s Siam Cement has reported a nine per cent decline in revenue from sales to THB399.94bn (US$13.3bn) for 2020, compared to THB437.98bn in the previous year. However, its net profit rose seven per cent YoY to THB34.41bn from THB32.01bn, on the back of an improved performance in all of its businesses. The company expects its total earnings in 2021 to grow by 5-10 per cent from the THB399bn last year, driven by high value-added product development and the circular economy. "We ha... |