Cement News tagged under: Siam Cement Group
SCG Cement buys Vietnam Construction Materials07 March 2017, Published under Cement NewsSiam 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 plant02 February 2017, Published under Cement NewsSiam 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... |
Thailand: Siam Cement launches logistics firm31 January 2017, Published under Cement NewsSiam Cement Group (SCG) has partnered with Yamato Asia to launch logistics firm SCG Express with an investment budget of THB633m (US$17.9m). Nithi Pattarachoke, vice-president for the domestic market at SCG, said the trend towards e-commerce and a digital economy prompted the cement conglomerate to capitalise on the movement. SCG Express offers a range of delivery services such as temperature-controlled delivery and express office-to-office delivery. The company will initially serve... |
SCG predicts Thai cement consumption will recover in 201726 January 2017, Published under Cement NewsDespite a disappointing performance in 2016, Siam Cement Group believes that demand in the Thai market will recover in 2017, reaching some 40Mt, the Bangkok Post reports. In figures released for the fourth quarter of 2016, SCG revealed that domestic demand fell three per cent YoY. For 2016 as a whole, demand fell by two per cent. The company also saw a decline in exports, shipping 2.6Mt of cement and 1.1Mt of clinker in 2016. In the previous year, the corresponding figures were 3.6Mt a... |
Thailand: SCG sees cement revenues fall 19% in 3Q201627 October 2016, Published under Cement NewsSiam Cement Group (SCG) has announced that in the third quarter of 2016 profits rose by 57 per cent YoY, but at the company's cement and building materials division they saw a decline of 19 per cent. For the nine months to the end of September 2016, SCG’s profits are up 28 per cent on the same period last year, but cement division profits are down 13 per cent. Siam Cement Group has seen revenues decline across the board, but its chemical division has been helped by the fall in oil prices ... |
Myanmar: protestors vow to continue fight against MCL09 August 2016, Published under Cement NewsLocal protestors in Kyaikmaraw in southeast Myanmar have reacted angrily to the publication of a report into the building a new coal-fired cement plant, Burma News International reports. The report, which follows a consultation on the building of the plant, was seen as being biased towards the Mawlamyine Cement project. The US$400m plant, which is being built as a joint venture between SCG and Pacific Link Cement, is to come online in mid-2016 and will have a capacity of around 1.6Mta.... |
Siam Cement acquires 65% share in Lafarge Holcim Vietnam05 August 2016, Published under Cement NewsLafargeHolcim Ltd has signed an agreement with Siam City Cement Public Company Ltd f or the divestment of its 65 pe rcent shareholding in LafargeHolcim Vietnam, it said on Thursday. The enterprise value of the deal was CHF867m (US$890.7m), on a 100 per cent basis, the Swiss-French group said in a statement. It said the transaction was subject to customary regulatory and shareholder approvals, as well as to a right of first refusal of LafargeHolcim's joint venture partner, and was expec... |
Vietnam: consolidation unavoidable08 July 2016, Published under Cement NewsAnalysts may ponder whether cement production in Vietnam is entering a crucial phase as this week the Ministry of Construction announced that it would be divesting a large stake in the Vicem cement group with a public offering in the 4Q16. Cement oversupply in the market is increasing while exports have been difficult and as cement prices come under pressure, consolidation appears now unavoidable. Vicem also holds 35 per cent of shares in Holcim Vietnam, a member of the LafargeHolcim Gro... |
Siam Cement has plans to fully enter Vietnamese market28 April 2016, Published under Cement NewsIndustrial conglomerate Siam Cement Group is looking at operating its first cement plant in Vietnam as the next step in the company's expansion abroad, claims Nikkei Asian Review. President and CEO, Roongrote Rangsiyopash, told reporters in Bangkok on Wednesday that a joint venture or merger with an existing plant would be the best way to enter the Vietnamese market because of the country's current excess capacity. The Vietnamese market is attaractive to Siam Cement because public and... |
SCG forecasts regional capacity will hit 292Mta by 201820 April 2016, Published under Cement NewsIn a presentation to investors earlier this month, Siam Cement Group (SCG) disclosed that it expects capacity in Thailand and nearby markets will reach 292Mta in two years' time, up from 251Mta in 2015. Production capacity is set to expand in Thailand, Indonesia, Vietnam, Myanmar, Cambodia and Laos. This comes against a backdrop of existing overcapacity – in 2015 domestic consumption in the six countries was 168Mt, implying a utilisation rate of 67 per cent. Demand growth in Thailand a... |