Cement News tagged under: Siam Cement Group

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Siam Cement Group targets digital platform and machine efficiency upgrades

23 June 2021, Published under Cement News

Siam 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% QoQ

05 May 2021, Published under Cement News

Thailand-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 2020

29 January 2021, Published under Cement News

Thailand’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...

Cement demand falls for SCG

14 August 2020, Published under Cement News

Siam Cement PCL reported a profit of THB9384m (US$301.6m) in the 2Q20, or a 35 per cent rise in earnings QoQ and 33 per cent YoY, bolstered by its chemical business performance. Company EBITDA from operations increased by 17 per cent QoQ and 23 per cent YoY to THB17,774m, while revenue from sales fell by nine per cent QoQ (-12 per cent YoY) to THB96,010m with decreases in all core businesses. Thailand's domestic cement market saw grey cement demand increase by four per cent YoY in the 2Q20....

Siam Cement receives approval to set up IPO for packaging unit

29 May 2020, Published under Cement News

The Securities and Exchange Commission of Thailand has given Siam Cement PCL approval to go ahead with its plans for an initial public offer of its packaging unit. SCG Packaging Public Co along with its financial advisor is assessing the current situation, including that of the equity capital markets, and confidence level of both Thai and international investors, said Siam Cement. "Once the overall situation becomes clearer and more conducive, SCGP will proceed with its IPO and the listi...

Siam Cement to buy Vietnamese packaging company

07 April 2020, Published under Cement News

Siam Cement is to acquire a Vietnamese packaging materials maker, Bien Hoa Packaging. The group will purchase Bien Hoa Packaging through a joint venture with top Japanese cardboard maker Rengo. Siam Cement said the size of the deal has yet to be determined, but estimated it would be less than 15 per cent of the Thai group's total assets as of the end of December, which came to THB634.7bn (US$19.2m). Bien Hoa produces 90,000t of cardboard boxes and 10,000t of food packaging materials a year...

Siam Cement Group Cambodian sales revenues top US$226m in 1H19

31 July 2019, Published under Cement News

Siam Cement Group Public Co (SCG) announced sales revenues of US$226m in Cambodia in 1H19, an increase of 11 per cent on 1H18, mainly due to higher cement sales. SCG raised US$116m in the 2Q19 with the help of the company's recently launched Interior Solution scheme to design and provide material specification services for residential and commercial buildings. Currently, the construction sector is booming in Cambodia. A total of 2047 construction projects worth US$3.39bn were approved in ...

SCG launches SCG Super Cement in Vietnam

02 May 2019, Published under Cement News

Thai cement producer, Siam Cement Group (SCG) has recently launched its SCG Super Cement brand to customers in central Vietnam. The new product applies SCG Nano Tech, which “develops molecules of cement on the nano-scale to create extremely tight bonding ability, which in turns reduces the quantity of pores during concrete making. This advancement is important for construction works, as pores created during concrete mixing are the major causes of cracks and leaks, especially under the impa...

Siam Cement targets floating solar power projects

01 March 2019, Published under Cement News

Siam Cement Group (SCG) aims to diversify by developing floating solar modules that it hopes to supply as 1GW solar farms to state-run Electricity Generating Authority of Thailand (EGAT). EGAT is planning to eight hydroelectric dams in Thailand over the next 20 years. EGAT announced in January that installation of the first project, a 45MW farm at the Sirindhorn Dam on the country's eastern border, would begin in April, with four others following soon after. But the utility still has not pi...

Siam Cement Group plans to expand products and services in Cambodia

12 February 2019, Published under Cement News

Siam Cement Group (SCG) plans to expand new service solutions and retail operations in Cambodia to tap opportunities in the country's growing construction industry and changing consumers' behaviour. According to, SCG's Managing Director of Kampot Cement plant, Somwang Manpimonchai, “Our target this year in Cambodia is to maintain existing businesses which produce and sell our products, and to add new service solutions and introduce retail or B2C to the market." As part of a five-year pla...