Cement News tagged under: Siam Cement Group
Siam Cement plans Indonesian cement plant investment05 March 2012, Published under Cement NewsSiam 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 plans29 February 2012, Published under Cement NewsThailand’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... |
Consumption in Thailand to rebound on building reconstructions13 February 2012, Published under Cement NewsPresident Pramote Techasupatkul said the government should act quickly and accelerate infrastructure projects after suspending some in last year's fourth quarter when severe flooding hit Bangkok. "Consumption in the commercial segment is expected to rebound substantially on reconstruction of buildings and industries after the floods," said Mr Pramote. He said while home repair activity has risen during these past two months, it requires only a small amount of cement. "We expect that de... |
Fitch revises Siam Cement's outlook to stable10 February 2012, Published under Cement NewsFitch Ratings (Thailand) Limited has revised Siam Cement Public Company Limited's (SCC) Outlook to Stable from Positive. The ratings have been affirmed at National Long-term 'A(tha)' and National Short-term 'F1(tha)'. The agency has also affirmed SCC's senior unsecured debenture at 'A(tha)'. In addition, Fitch has assigned SCC's new senior unsecured debentures No.1/2012 due 2016, amounting up to THB25bn, a National Long term 'A(tha)' rating. The proceeds from the new issue will be used to re... |
Boral sells Indonesian unit to Siam Cement01 February 2012, Published under Cement NewsAs part of its plan to sell non-core assets, Australian building materials producer, Boral has sold its Indonesian business for US$315m to the Siam Cement Group of Thailand. Boral said it had finalised an agreement with the Thai conglomerate to sell its Indonesian construction materials business. Completion is scheduled for the end of fiscal 2011-12 and the proceeds will be used to pay down debt, Boral said. The sale includes Boral’s concrete, quarry and precast operations, including li... |
Siam Cement closing in on Vietnam acquisition26 January 2012, Published under Cement NewsThailand’s Siam Cement said on Wednesday it was interested in buying a stake in a Vietnam cement maker and expects to spend less than THB10bn (US$315m) on the acquisition, Reuters reports. Siam Cement, which has recently noted that it is seeking acquisition opportunities in Southeast Asia, expects to conclude details about the deal in the second half of this year, according to Chief Executive Kan Trakulhoon. Earlier this week the company also said it is looking at opportunities in Myanm... |
Siam Cement’s 4Q net profit drops, strong sales recovery expected25 January 2012, Published under Cement NewsThailand’s biggest industrial conglomerate, Siam Cement, recorded an 81 per cent drop in fourth quarter net profit due to the recent typhoon-triggered floods that hit the country last year as well as changes in the treatment of deffered tax. However, the company forecasts robust recovery in 2012 sales on post-flooding reconstruction, with further gains expected should the company complete any acquisitions. Net profit for the quarter was THB3.2bn (US$101.75m), compared to THB16.7bn a year e... |
Siam Cement Group sees revival in Myanmar demand24 January 2012, Published under Cement NewsSiam Cement Group (SCG), which provides cement exports to Myanmar, is anticipating strong sales in the Southeast Asian country following significant declines last year. Syamrath Suthanukul, marketing director of Thailand’s SCG told the Myanmar Times that last year sales fell approximately 20 per cent YoY as the transition to a democratic government in 2011 affected a number of construction projects and reduced cement sales. “In 2011, our cement exports to Myanmar were down by about 20 ... |
Siam Cement eyes Myanmar investment18 January 2012, Published under Cement NewsThailand’s Siam Cement Group (SCG) said it is studying the possibility of investing in a cement plant in Myanmar, company President and CEO, Kan Trakulhon said. Mr Trakulhoon was quoted by the Bangkok Post as saying that SCG has been studying options in the neighbouring country for almost two year years now. "Still, the investment depends on the Myanmar government's investment promotion policies and the policy on limestone mine ownership," Mr Kan said. SCG currently exports cement to Myan... |