Cement News tagged under: Siam Cement
Siam Cement puts chemicals IPO on hold30 August 2023, Published under Cement NewsThailand-based Siam Cement has announced that it is postponing the initial public offering (IPO) of its SCG Chemicals business. According to Reuters News, the decision is due to unfavourable market conditions but the company plans to proceed with the IPO once conditions improve. The IPO approval date has been extended until 4 October 2023 but cannot be extended any further after that date. The company has reported a seven per cent YoY decline in its shares this year. Thailand has als... |
Siam Cement receives world's largest battery production facility28 June 2023, Published under Cement NewsRondo Energy, in partnership with Siam Cement Group (SCG),has announced plans for the world's largest battery production facility of any kind at 90GWh/year, with 2.4GWh/year already online. This is a game-changer in the world of decarbonisation technologies, resulting in carbon savings equivalent to removing 4m cars from the road each year (or adding 2m EVs), claims Rondo Energy. "Rondo Energy, developer of the Rondo Heat Battery, announced it has partnered with Siam Cement Group to ... |
WBA claims few science-based biodiversity assessments are carried out06 December 2022, Published under Cement NewsThe World Benchmarking Alliance’s (WBA) new Nature Benchmark has analysed around 400 companies on their operations impact on nature and biodiversity, including many from the construction and mining sector. The top 10 construction material companies have been ranked 1-10 for their reduced impact on nature and biodiversity: 1. Holcim , 2. CEMEX , 3. Siam Cement Group , 4. Owens Corning, 5. CRH , 6. Cementos Argos , 7. Heidelberg Materials , 8. Saint-Gobain , 9. Asia Cement Corp ,... |
Siam Cement sees sales advance 8% in 3Q2228 October 2022, Published under Cement NewsThailand-based Siam Cement Group (SCG) has reported sales of THB142,391m (US$3774m) in the third quarter of 2022, up eight per cent from THB131,825m in the same period a year earlier. According to the company, the increase has been driven by higher product prices. Net income over the same timeframe fell from THB6817m to THB2443m, while basic earnings per share from continuing operations declined from THB5.68 to THB2.04. In the opening nine months of 2022, sales came in at THB447,419m, ... |
Siam Cement to spend THB70bn on CO2 reduction measures13 December 2021, Published under Cement NewsSiam Cement Group (SCG) has vowed to spend THB70bn (US$2.08bn) on technological innovations to cut CO 2 emissions from its manufacturing by 20 per cent by 2030. The new investment is in line with the UN's Sustainable Development Goals (SDG), the Thai government's bio-, circular and green (BCG) economic model and environmental, social and governance standards (ESG), said Roongrote Rangsiyopash, president and chief executive of SCG. Once it hits the 2030 goal, SCG will continue to move ... |
Siam Cement's revenue surges 31% YoY28 October 2021, Published under Cement NewsThailand’s Siam Cement PCL has seen its net profit decline 30 per cent YoY in the third quarter of 2021, falling to THB6.82bn (US$205m), as it recorded lower demand and an asset impairment related to a plant in Myanmar. However, revenue from sales advanced 31 per cent YoY to THB31.83bn in the 3Q21, supported by its chemical business. |
Siam Cement records 83% increase in net profit11 August 2021, Published under Cement NewsThailand’s Siam Cement has seen an 83 per cent increase in net profit to THB17.14bn (US$512.4m) in the second quarter of 2021, supported by its chemical and packaging businesses. Revenue also advanced 39 per cent YoY to THB133.56bn. The company has also announced a capex target of THB80-90bn for this year. |
Siam Cement reports 57% rise in profit for 3Q2029 October 2020, Published under Cement NewsThailand’s Siam Cement saw a 57 per cent YoY rise in consolidated net profit to THB9.74bn (US$311.6m) for the third quarter of 2020, with the result attributed to an 80 per cent increase in chemicals profit and increased efficiencies from its cement segment. However, consolidated revenue declined nine per cent YoY to THB100.94bn due to a fall in chemicals selling prices. For the first nine months of 2020, profit rose five per cent YoY to THB26.10bn on the back of an improved contributi... |
Siam Cement sees 32% decline in profit for the 4Q1929 January 2020, Published under Cement NewsThailand’s Siam Cement has seen a 32 per cent YoY decrease in profit to THB7.1bn (US$230.3m) for the October-December 2019 period. Overall revenue fell nine per cent YoY to THB106.18bn. Revenue from its cement and building material segment was down one per cent at THB45.14bn, due to lower sales in markets outside of southeast Asia, according to the company. Elsewhere, revenue from its chemicals business fell 23 per cent to THB41.35bn. For the full-year 2019, Siam Cement saw a 28 per ce... |
Siam Cement reports 35% fall in net profit07 November 2019, Published under Cement NewsThailand’s Siam Cement has reported a 35 per cent fall in net profit to THB6.20bn (US$205m) for the 3Q19. However, revenue rose eight per cent YoY to THB110.33bn. Revenue from its chemicals business decreased 24 per cent YoY to THB44.05bn, while revenue from its cement and building material segment was down two per cent to THB45.32bn. The company attributed the results to the lower contribution from its chemical business and weaker demand for its products amid the US-China trade war. |