Cement News tagged under: Siam Cement Group

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Siam Cement record revenue increase in 2017

14 February 2018, Published under Cement News

Siam Cement has released its financial results for the full-year period ended 31 December 2017. Revenue reached THB450.9bn (US$14.34bn), an YoY increase of six per cent from THB423.4bn. Net profit fell two per cent to THB55bn from THB56bn of 2016, due to weakness in the domestic cement and building materials operations. However, EBITDA advanced four per cent to finish at THB102bn. In the 4Q17 the company recorded a significant 14 per cent YoY increase in revenue to THB113,400. Net profit ...

SCG cement revenues up 6%

24 January 2018, Published under Cement News

Thai conglomerate Siam Cement Group (SCG) saw a 14 per cent YoY rise in consolidated sales in 4Q17 to THB113.4bn, as growth in the Packaging business offset a slight decline in the Chemicals division, reports the company. Consolidated EBITDA advanced by seven per cent YoY to THB26.593bn. Revenues from SCG’s Cement-Building Materials in 4Q17 increased six per cent YoY to THB43.372bn due to the contribution of the expanded ASEAN operations. However, EBITDA was impacted by the weakness in th...

Siam Cement Group plans to diversify products

20 December 2017, Published under Cement News

Siam Cement Group (SCG) plans to diversify its products next year, according to the Jakarta Post. The company hopes to become more competitive in the market by applying technology and innovation to its products. “We want to compete by [introducing] more products and services,” said Nantapong Chantrakul, SCG country director for Indonesia. SCG has recently supplied construction materials for several large-scale projects in South Sumatra, such as new toll roads and a 2018 Asian Games st...

Siam Cement Pcl sees 16% fall in profit

01 November 2017, Published under Cement News

Siam Cement Pcl reported a 16 per cent fall in 3Q17 net profit on Wednesday due to weak demand and lower margins in its chemical and packaging segments. According to a poll by Thomson Reuters, the net profit for the third quarter was THB11.84bn (US$357.06m) thereby missing expectations of THB14bn. Revenue from sales rose seven per cent to THB112.43bn. Domestic cement volume sales were also down two per cent YoY. Revenue from Vietnam, Indonesia and the Philippines helped by increasing profi...

Mon State Parliament to debate coal-fired power plant

07 September 2017, Published under Cement News

Mon State Parliament agreed on Tuesday to debate the legality of a cement factory’s coal-fired power plant in Mon State’s Kyaikmayaw Township, according to local press reports. The US$400m cement factory run by Mawlamyine Cement Ltd (MCL) – a joint venture between Thai firm Siam Cement Group (SCG) and Pacific Link Cement Industries – is powered by a 49MW coal-fired power plant. The proposal to debate the issue was submitted by Mon State lawmaker U Aung Kyaw Thu who stated that ‘local and ...

SCG revises down full-year outlook

28 July 2017, Published under Cement News

Siam Cement Group's (SCG) has revised down its sales growth outlook for 2017 as net profits in cement and building materials fell by 29 per cent YoY in the 2Q17. Speaking to reporters in Bangkok on Tuesday, SCG chief executive, Roongrote Rangsiyopash, said the Thai cement market slowed more than the company expected in the period. Domestic cement sales by volume were down seven per cent YoY in the three months to the end of June, following a seven per cent fall the previous quarter. Demand...

Vietnamese PM invites SCG to widen its investment in the country

07 April 2017, Published under Cement News

The Prime Minister of Vietnam, Nguyen Xuan Phuc, has used a meeting with the head of Siam Cement Group to urge the company to expand its activities within the country. The Prime Minister met SCG President and CEO, Roongrote Rangsiyopash, in Hanoi on 5 April and used the occasion to underline the benefits of further investment in Vietnam. In March 2017 SCG announced that it was taking a 100 per cent stake in Vietnam Construction Materials, giving the Thai firm 3.1Mta of cement capacity in ...

Vietnam: Thai acquisitions face tough competition

15 March 2017, Published under Cement News

Thai companies have spent around US$600m acquiring assets in Vietnam even as the country’s cement producers face shrinking export markets and tougher domestic competition, Vietnam Net reports. At the end of February, LafargeHolcim completed the sale of its 65 per cent stake in its Vietnamese subsidiary to Siam City Cement (SCC) for at least US$550m. With the purchase, SCC now has 6.1Mta of capacity and a 20 per cent market share in southern Vietnam. Siam City’s domestic rival Siam Ceme...

SCG Cement buys Vietnam Construction Materials

07 March 2017, Published under Cement News

Siam Cement Group’s wholly-owned subsidiary SCG Cement-Building Materials Co has acquired 100 per cent of Vietnam Construction Materials JSC, an integrated cement operator in central Vietnam. The US$440m enterprise value of this transaction includes net debt and additional efficiency improvement investment in the acquired assets. This deal brings SCG’s cement capacity across ASEAN outside Thailand to 10.5Mta, relative to its 23Mta capacity in Thailand.

Cambodia: SCG's Kampot Cement to open third plant

02 February 2017, Published under Cement News

Siam Cement Group (SCG), Thailand’s largest cement conglomerate, is to take advantage of Cambodia’s booming construction sector by opening its third cement plant in Battambang province next year through its subsidiary, Kampot Cement. Governor of Battambang province, Chan Sophal, told a local news source that SCG, a majority shareholder in Kampot Cement, started construction on the cement works last year in Ratanak Mondol district. “So far, they have completed about 60 per cent of the cons...