Cement News tagged under: Siam Cement Group

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Siam Cement to consolidate cement and building materials businesses

29 March 2013, Published under Cement News

Siam Cement Group (SCG) is consolidating its cement and building materials businesses to strengthen its competitiveness for further regional expansion. "There is strong synergy among the cement, building materials and distribution businesses, which are related to the construction industry," said Kan Trakulhoon, SCG president and, said in a filing to the Stock Exchange of Thailand. The company aims to increase its Asean sales from 18 per cent of the total and has budgeted THB40-50bn f...

SCG ready to cut electricity usage to deal with shortage

06 March 2013, Published under Cement News

Thailand’s Siam Cement Group (SGC) said it is ready to slash energy usage as Thailand prepares for an impending power supply crisis next month. The Southeast Asian country has been seeking measures and energy savings policies to be implemented during the period when Myanmar halts the gas delivery for pipeline maintenance during April 5-14 2013. Meanwhile, Somchai Wangwattanapanich, Vice President-Operations of SCG Chemicals as the president of SCG's energy board, said in a statement th...

Siam Cement Group to construct 1.8Mta plant in Indonesia

01 March 2013, Published under Cement News

Thailand's largest conglomerate, Siam Cement Group (SCG) has said it is to build a new 1.8Mta plant in Indonesia as it seeks to gain a foothold in this thriving Southeast Asian cement market. SCG Chief Finance Officer Chaovalit Ekabut said the new plant will be in Sukabumi in West Java with a total investment of US$356m, The Jakarta Post reported Thursday. "We expect to start construction this year and finish by 2015. We hope to commence operations at this cement plan in the secon...

Fitch Affirms Siam Cement at 'A(tha)'; Outlook Stable

31 January 2013, Published under Cement News

Fitch Ratings (Thailand) Limited has affirmed The Siam Cement Public Company Ltd's (SCC) national long-term rating at 'A(tha)', its national short-term rating at 'F1(tha)' and its senior unsecured debentures at 'A(tha)'. The Outlook is Stable. The ratings reflect SCC's well-diversified business which helps support cash flow generation, particularly during the difficult operating period of its chemical unit in the past two years, Fitch said in a statement. Likely strong cement and packaging ...

Siam Cement in talks for European acquisitions

15 January 2013, Published under Cement News

Siam Cement is in talks to buy building materials, petrochemical business in Europe, according to its chief executive Kan Trakulhoon. Mr Trakulhoon told reporters that the company would invest about THB200bn (US$6.6bn) in five years from 2013, mainly in ASEAN countries. At least one fifth of that amount (THB40bn) will be spent in 2013, he added. Mr Trakulhoon, however, did not specify which companies Siam Cement will target.

Siam Cement sees strong demand into 2013

18 December 2012, Published under Cement News

Increased demand witnessed over 2012 in Thailand will continue rising well into next year, according to the head of the Siam Cement Group (SCG). "The momentum of demand growth stimulated by infrastructure projects will likely continue well into mid-2013," Kan , president and CEO of SCG, told the Bangkok Post. Recovering from the floods last year, YoY cement demand grew by only six per cent in this year's first quarter before of 2012 picking up with 10 per cent and 16 per cent increases...

Siam Cement Group to lift exports to Myanmar

11 December 2012, Published under Cement News

Siam Cement Group (SCG) of Thailand plans to boost exports of its Elephant brand cement to Myanmar and expand its distribution network in the Southeast Asian country, according to an official of the company’s local subsidiary. Speaking to the Myanmar Times, Soontornpol Veerapravati, managing director of SCG Trading, which is SCG’s subsidiary in Myanmar, said the company would export 2Mt there in 2013. However, this is just a one per cent increase over the 1.9Mt likely to be exported this ye...

Thailand's Siam Group to establish Banten cement plant, Indonesia

05 December 2012, Published under Cement News

Thailand’s largest cement producer Siam Cement Group plans to establish a cement plant in the Lebak district of Indonesia, Banten province, according to media reports. Banten is the westernmost province of Indonesia on the island of Java "We project cement production to reach 6000tpa from PT Gama Group and Siam Cement Group which will operate as of 2013," chief of the Lebak District Integrated Licensing Service Office (KPPT) Hari Setiono told Antara News. The KPPT chief said that the provi...

Thailand: cement consumption rises by 12% in 2012

15 November 2012, Published under Cement News

Cement consumption this year is on track to surpass the target of 8-10% thanks to continued government investment in mass transit projects, says the Thai Cement Manufacturers Association (TCMA). The grouping of all eight local cement producers now expects consumption will grow by 12% over last year's 25.5Mt. The TCMA website pointed out that 12% growth would be triple last year's rate. "Strong growth is expected this year due to continuous large infrastructure construction, particularly...

SCG's cement division posts 29% revenue rise in 3Q12, Thailand

09 November 2012, Published under Cement News

Siam Cement Group's cement business posted a 29 per cent increase in revenue to THB17.7bn (US$577.6m) in the third quarter of 2012, attributable to a higher domestic sales volume as well as consolidation of the recently acquired ready-mixed concrete business in Indonesia. The cement business also saw a 33 per cent rise in net profit to THB2.45bn. Building materials witnessed 18 per cent growth in revenue to THB10.5bn, thanks to continued domestic market growth momentum.