Cement News tagged under: Siam Cement Group

RSS feed

Siam Cement to invest US$6.3bn during 2013-17

19 July 2012, Published under Cement News

Siam Cement of Thailand plans to invest THB200bn (US$6.3bn) over the 2013-17 period, according to President and Chief Executive Kan Trakulhoon. Of this total, more than half is earmarked for investment in the ASEAN region, Mr Trakulhoon said. The five-year investment budget for the 2013-2017 period is expected to be proposed to the company's board for approval in August.

Siam Cement Group’s ASEAN focus

09 July 2012, Published under Cement News

Siam Cement Group (SCG) has said it would spend more than half of its THB200bn investment budget for 2012-16 in the ASEAN region. Speaking to the Bangkok Post, SCG president and CEO Kan Trakulhoon said: “A market with 601 million people and a need for infrastructure development is promising.’ The move reflects the shift of major investment to Asean after as much as 70-80 per cent of SCG's investment spending focused on Thailand from 2006-10. SCG is in talks in the region for petrochemi...

Siam Cement faces 2Q net profit drop

06 July 2012, Published under Cement News

Siam Cement is expected to report a fall in net profit for the second quarter hurt by weak results of its core petrochemical business. Citigroup forecast Siam's net profit to fall 42 per cent to THB4.35bn for the April-June quarter, YoY, according to a Reuters report. "First-half estimated profit should come at 34 per cent of consensus fiscal year forecast, possibly leading to further earnings downgrades and a cap on the share price in the medium term," it said in a report. Citigrou...

Siam Cement to review capex plans, Thailand

04 July 2012, Published under Cement News

Thai conglomerate Siam Cement Group (SCG) is reviewing its THB150bn, five-year investment plan in light of the effects of Europe’s sovereign debt crisis, the Bangkok Post reports. According to Kan Trakulhoon, president and CEO of SCG, the revision reflects weak demand for the company’s products on the global markets. The current plan calls for capital expenditure of THB150bn to be spent between 2012-16, up from the original target of THB100bn. "We are reviewing the five-year investment...

Siam Cement Group receives Gold LEED Rating

22 May 2012, Published under Cement News

Siam Cement Group (SCG), has received a gold rating in Leadership in Energy and Environmental Design for Existing Building: Operations & Maintenance for its corporate headquarters. The Leadership in Energy and Environmental Design is a certification issued by the US Green Building Council (USGBC), the foremost rating system for sustainable building and construction. SCG won the Thai Energy Award in the retrofitted building category, and was also the first runner-up in the same category...

SCG Trading targets 30% rise in revenues, Thailand

23 March 2012, Published under Cement News

SCG Trading, a unit of Siam Cement Group, targets annual sales growth of 30 per cent from this year onwards, driven by coal and building-materials business, particularly overseas, The Nation reports. Managing director Kalin Sarasin said the company was accelerating investment and expansion in both coal and building-materials trading in Asia, as they were both fast-growing sectors in the region.

Semen Gresik to build 2.5Mta plant in Myanmar

12 March 2012, Published under Cement News

State-owned Indonesian cement producer PT Semen Gresik, is reportedly expanding its operations into Myanmar by constructing a new plant as part of government expansion plans involving state enterprises. The Indonesian cement producer plans a 2.5Mta cement plant at an estimated cost of IDR4.5trn (US$500m), according to company finance director Ahyanizzaman. PT Semen Gresik is one of four state companies asked by the government under Indonesia Incorporated to expand operations to Myanmar...

Siam Cement steps up ASEAN investments

12 March 2012, Published under Cement News

Siam Cement Group (SCG), Thailand's largest industrial conglomerate by revenue, is stepping up its plans to build on its cement and building materials activities in Southeast Asia as it eyes new regional investments and acquisitions in the markets of Indonesia, Vietnam and Myanmar. Earlier this week, the company announced plans to construct a 5000tpd cement plant in Indonesia as the manufacturer looks to penetrate the market further. With an investment of US$300m, the cement works will be ...

Siam Cement plans Indonesian cement plant investment

05 March 2012, Published under Cement News

Siam Cement Group (SCG) plans to build a new cement plant in Indonesia to capitalize on the country's rapidly growing demand for construction materials, the Jakarta Globe reports. Kan Trakulhoon, president and chief executive officer of SCG, told reporters on Friday that the company would invest US$300m in a cement plant in Sukabumi, West Java. The plant will have a capacity of 5000tpd and construction is expected to start by the end of this year. The investment comes after SCG bought a...

Siam raises stake in Philippine firm, mulling Myanmar plans

29 February 2012, Published under Cement News

Thailand’s Siam Cement has reached a deal to raise its stake in a listed Philippine building materials firm from 40 per cent to 80 per cent in a deal valued at THB1bn (US$33m). However, the company has declined to name the firm, but it is thought to be Mariwasa Siam Holdings of which the company owns 40 per cent according to its latest annual report. Siam chief executive Kan Trakulhoon declined to confirm. Mr Trakulhoon said it would make a decision by the end of this year on weather i...