Cement News tagged under: Siam Cement Group

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SCG reports third-quarter results, names new chief

28 October 2015, Published under Cement News

Siam Cement Group (SCG), Thailand's largest industrial conglomerate, said on Wednesday its quarterly net profit rose 15 per cent YoY as improved margins from petrochemical products offset weak performance of cement and packaging businesses. July-September net profit was THB9bn (US$253.59m). But profit dropped 19 per cent from the previous quarter due to weaker chemical prices and inventory loss. New CEO named Meanwhile, the company has named Roongrote Rangsiyopash as the next presiden...

Thai 3Q consumption likely to be flat - report

07 October 2015, Published under Cement News

Cement consumption in Thailand is likely to be rather flat in 3Q15 and 9M15, according to a report by Bualuang Securities focussed on domestic cement major Siam Cement Co (SCC). Last week, the research house accompanied SCC's management and IR team to meet investors in Germany, Switzerland and France. The information gathered during the non-deal roadshow (NDR) gave Bualuang a clearer picture of SCC's long-term growth profile. Regarding SCC's Cement-Building Materials (CBM) business, Bual...

Siam Cement Group to miss full-year revenue target

02 September 2015, Published under Cement News

Siam Cement Group, Thailand's largest industrial conglomerate, expects to miss its revenue target of THB480bn (US$13.42bn) this year as consumers' purchasing power has declined amid a continued poor global economic outlook, Bangkok Post reported, citing chief executive Kan Trakulhoon.

Siam Cement earnings' preview: robust quarter expected

20 April 2015, Published under Cement News

Thai conglomerate SCC is expected to report a strong net profit of THB10.2bn (US$315m) in the first quarter of 2015, up 21 per cent YoY and 15 per cent QoQ, according to estimations by SCB Securities. “We continue to like SCC for several reasons: 1) it benefits from low oil price via wider spreads and cheaper fuel costs and from a weak baht as a net exporter; 2) 2Q15 profit will continue strong, 3) solid three-year earnings growth of 16 per cent,” the research house stated. First qua...

Siam Cement fourth-quarter net profit up 11% YoY

28 January 2015, Published under Cement News

Siam Cement PCL, Thailand's largest industrial conglomerate, said on Wednesday its 4Q14 net profit rose 11 per cent due mainly to improving margin for its petrochemical business despite an inventory loss. Net profit was THB8.86bn (US$271.53m) for the October-December quarter, beating analysts' forecasts. For the whole of 2014, net profit dropped eight per cent to THB33.6bn (US$30.66m), the company said in a statement. Ceiling of bond issue raised Meanwhile, Siam Cement also announc...

Siam Cement 4Q profit projected to dip, positive 2015 outlook

27 January 2015, Published under Cement News

Siam Cement is expected to report lower 4Q14 earnings as a result of an inventory loss in its petrochemical unit and the impact of the economic slowdown. Going forward, a promising outlook for petrochemicals and growth revival in cement demand are among factors to watch this year. Maybank Kim Eng Securities (Thailand) forecasts net income is projected to fall one per cent QoQ and six per cent YoY to THB7.74bn (US$237.89m). Krungsri Securities, which calls 4Q14 the weakest quarter, notes tha...

Myanmar: Siam Cement starts work on new plant

24 November 2014, Published under Cement News

Thailand's largest cement producer, Siam Cement Group (SCG), has begun work on its greenfield Mawlamyine plant, in Mon State, Myanmar. The new 1.8Mta facility is scheduled to start production in 2Q16. SCG has finished work on an access road and is building a 40MW plant to power the factory. The site for the plant is also being prepared for work. Myanmar country director for SCG Cement-Building Materials, Chana Poomee, said SCG’s sales in the country will reach 2Mta by this year. Currently,...

Siam Cement to equip new Indonesian plant with WHR technology

17 November 2014, Published under Cement News

Siam Cement Group (SCG) has announced that its new Indonesian plant in Sukabumi, West Java, will be equipped with a waste heat power generation (WHG) system which could reduce energy use by up to 30 per cent. "At the Sukabumi plant, we will use the same technology, the WHG system, that we have been using at our plant in Lampang province in Thailand," SCG president and CEO Kan Trakulhoon told the Jakarta Post on the sidelines of the 2014 ASEAN Sustainability Development Symposium in Bangkok,...

SCG earmarks new five-year investment budget

27 October 2014, Published under Cement News

Siam Cement Group (SCG) has earmarked THB200-250bn for a new five-year investment budget starting next year, the Bangkok Post reports. Chief executive and president Kan Trakulhoon added that the company is eyeing investment in a tech company that could complement SCG's core businesses. "The company we're talking with at the moment is a technology company in Europe," Mr Kan said. The focus will be technology related to core businesses such as material sciences, paper and petrochemicals.

Siam Cement outlines investment to strengthen ASEAN presence

03 September 2014, Published under Cement News

Siam Cement Group, Thailand's largest building materials company, is preparing to invest THB3.19bn (US$$100m) in its core business, part of the company's to strengthen its high-value-added products and boost its presence in the ASEAN region. "(Our aim is) to become an Asean sustainable business leader," said President and CEO Kan Trakulhoon in a statement About THB2.8bn of the investment is earmarked for mortar plants in the northeastern province of Khon Kaen and the northern province o...