Cement News tagged under: Siam Cement Group

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Fitch affirms Siam Cement ratings, outlook Stable

30 January 2014, Published under Cement News

Fitch has affirmed Siam Cement Co's (SCC) National Long-Term Rating at 'A(tha)', National Short-Term Rating at 'F1(tha)' and its senior unsecured debentures at 'A(tha)'. The outlook is ‘Stable. Fitch expects SCC's capex to increase in 2014-2015 as it expands its businesses, particularly in Southeast Asia. A majority of investments will be in the cement and building materials businesses. It expects SCC's net adjusted debt/EBITDAR, including dividends from associates, to be within 3.0x-3.5x ...

Chinese sign US$733m cement deals in Nigeria and Myanmar

13 December 2013, Published under Cement News

Sinoma and CITIC Heavy Industries have agreed deals worth US$733m to construct cement plants in Nigeria and Myanmar, respectively. Sinoma International Engineering Co Ltd, part of China National Materials Co Ltd, signed a US$536m contract with Nigeria’s Dangote Cement Plc, according to a Reuters report. Sinoma and Dangote will build two clinker cement production lines in Nigeria, each with a cement capacity of 6000tpd. Meanwhile, CITIC Heavy Industries is collaborating in Myanmar with a...

SCG reports 53% increase in 3Q net profit

14 November 2013, Published under Cement News

Thailand's largest industrial conglomerate, Siam Cement Group, reported a 53 per cent increase in third-quarter net profit while its cement and building materials division showing the highest rise in revenue. Net profit for the quarter totalled THB9.79bn (US$309.77m) which the company attributed to the continued recovery of chemicals margins and volume, growth in the domestic cement demand, as well as a non-recurring gain of THB1.7bn. In the quarter, combined revenue rose nine per cen...

SGC full-year revenue to be affected by flood impact

14 October 2013, Published under Cement News

Siam Cement Group (SCG) expects full year revenue to be slightly lower than original forecasts as flooding hits domestic sales. In an interview with the Bangkok Post, SCG’s chief executive Kan Trakhulhoon, said sales of cement and building materials have clearly witnessed a slowdown as floods spread to wider areas including the eastern area which is not usually flooded. The decline will result in slightly lower revenue for SCG as a whole, he added. The flooding in Thailand is affecting 25 ...

Upbeat outlook for SCC third-quarter earnings

11 October 2013, Published under Cement News

Thai conglomerate Siam Cement Co (SCC) is expected to post robust YoY earnings growth in 3Q13 thanks to improved petrochem spread and healthy cement demand growth with higher prices, according to a recent report by TISCO Securities. The research house expects SCC to post a 3Q13 net profit of THB9.1bn, up 41.9 per cent YoY but down 8.3 per cent QoQ. The expected YoY growth is due to higher petrochem spread, continued strong cement demand with higher prices, and extra gain from investment va...

Siam Cement Group book celebrates centenary

03 October 2013, Published under Cement News

Siam Cement Group is marking its first centennial this year and plans to celebrate the occasion by passing on its sustainable-business tips to others in a specially written book. The "SCG 100 Years of Innovations for Sustainability" book was launched last week, detailing the history of the group's operations and how it has responded to changes that have taken place in Thailand over the past century. The book brings together lessons learned by SCG in moving through various crises and reflects...

SCG outlines Indonesian plant spend

24 September 2013, Published under Cement News

Thailand-based Siam Cement Group (SCG) is expanding its southeast Asian presence by constructing a new cement plant on the island of West Java, Indonesia, through its subsidiary PT Semen Jawa. “The total investment for this factory is IDR3.4trn [US$304.7m],” SCG CEO Kan Trakulhoon told local press on Monday. The greenfield facility will have a capacity of 1.8Mta.

Siam Cement plans 1.8Mta plant in Myanmar

26 August 2013, Published under Cement News

Siam Cement Pcl, Thailand, plans to build a 1.8Mta integrated cement plant in Myanmar, ready to start production in mid-2016. The THB12.4bn (US$388m) investment will position Siam Cement as one of the foremost producers in the country, where cement demand is forecast to increase by 10 per cent over the next five years, according to a Reuters report. Last year, Siam Cement accounted for more than 40 per cent of the 4Mt of cement consumed in Myanmar. Siam Cement is 30 per cent owned by the ...

Thailand: slower consumption for Siam Cement

23 August 2013, Published under Cement News

Domestic cement consumption for Thailand's Siam Cement (SCC) is expected to be weaker over the next year, according to local paper The Nation. An SCC group meeting of local investors with Siam Cement's CEO, Kan Trakulhoon, and CFO Chaovalit Ekabut shed light on the company's current prospects and the cement market going forward. Trakulhoon explained that a softening of the property market and the slow movement of state infrastructure projects will see a slowdown in domestic cement consumpt...

Siam Cement second-quarter net profit surges

01 August 2013, Published under Cement News

Siam Cement posted a surge in YoY net profit in the second quarter of 2013, boosted by strong earnings in its core businesses including its cement division. Thailand’s largest conglomerate doubled net profit for the April-June 2013 period to THB9.92bm (US$317m), up 132 per cent from THB4.28bn a year ago. Revenue increased six per cent in the second quarter from a year earlier to THB106.5bn. The company said it received THB2.9bn in dividend contributions from SCG Investment during the pe...