Cement News tagged under: Siam City Cement

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Vietnam HCMC proposes addressing illegal cement capacity expansion

02 October 2019, Published under Cement News

The People’s Committee of Ho Chi Minh City has asked the Ministry of Construction to handle some cement producers in the city due to their illegal capacity expansion, which was detected by the ministry’s inspection team earlier, according to Viêt Nam News. A branch of Thang Long Cement JSC was allowed to produce 1.25Mta, but the unit has increased its total capacity to 1.4Mta since 2011. A branch of Chinfon Cement Co received a licence to produce 0.5Mta. However, since 2017output has be...

Siam City Cement’s smart move

18 June 2019, Published under Cement News

Siam City Cement Public Co Ltd (SCCC) has deployed extensive network infrastructure and wireless connectivity at its cement works in Saraburi province, Thailand, to create the country’s first smart plant. By Siam City Cement, Thailand The remote operations centre serves as a central hub for information gathering and communication Thai producer Siam City Cement Public Co Ltd’s (SCCC) ‘Digital Connected Plant’ plan involves applying digital technology to its cement plants to bring...

Siam City Cement will use AI to improve its supply chain

13 June 2019, Published under Cement News

Siam City Cement aims to upgrade its business chain using Krungsri Supply Chain on Blockchain Innovation, an AI deep learning technology. "The Krungsri Supply Chain on Blockchain is another successful development that will help make the purchasing, sales and various documentation systems making up the product supply chain of Siam City Cement Group faster and more accurate," says Mr Saym Prasitsirigul, Krungsri Head of SME Banking Group. "As a result, business in the supply chain will see th...

Siam City Cement becomes regional market leader

07 June 2018, Published under Cement News

Siam City Cement (SCC) has strengthened its regional position in 2017 to become a market leader in southeast Asia. Key strategic investments in 2017 included the acquisition of plants from Cemex (Bangladesh), Holcim (Sri Lanka) and Cemex (Thailand) during 2016. More recently, It has constructed the greenfield Kampot cement plant with a 1.5Mta capacity in Cambodia in 4Q17. Moreover, according to SCC's annual 2017 report, the company has completed the acquisition of a 65 per cent stake i...

Siam City to expand production in Sri Lanka and Bangladesh

06 June 2018, Published under Cement News

Siam City Cement (Lanka) Ltd, which is building a new vertical cement grinding plant in Galle, on the southwest coast of Sri Lanka, to raise its capacity by 0.4Mta, is on track for start-up in August. The new grinding unit is being built at an estimated cost of US$50m and of this total, Siam City (Lanka) spent US$5m to address the plant's environmental impact, according to INSEE Cement Si Lanka CEO, Paul Hugentobler, who further informed media that the company's main aim is to build t...

Siam City Cement posts 28% revenue increase 43% net profit dip 2017

14 March 2018, Published under Cement News

Siam City Cement announced a total consolidated revenue increase of 25.8 per cent to THB43.885bn in 2017 from THB34.896bn the previous year. Net sales increased 27.6 per cent YoY to THB43.634bn from THB34.192bn during the same period. But as expenses surged 34.8 per cent YoY to THB39.632bn, the company’s profit before joint venture and associate shares, finance cost and income tax expenses fell by 22.7 per cent to THB4.253bn from THB5.501bn in 2016. Net profit came down 42.6 per cent ...

Contractor wins LKR1m worth of Insee Sanstha cement

10 January 2018, Published under Cement News

The grand prize of the ‘Athek Barata Cementhi’ campaign by Insee Cement has been won by a contractor based in Meerigama, Sri Lanka. Chandika Rajapakshahas has received the prize of LKR1m (US$6,501) worth of Insee Sanstha cement in a competition designed to reward loyal customers, reports the Daily Mirror. Alongside this, 45 other winners received LKR50,000 worth of Insee Sanstha cement in a daily draw. "INSEE Sanstha is blended cement with a long-standing legacy. One in every three houses ...

Siam City sees weaker domestic demand

07 August 2017, Published under Cement News

Siam City Cement Co recorded an 80 per cent decline in second-quarter net profit with the fall being attributed to rising costs and weaker demand in its home market of Thailand. Revenue during the 2Q17 rose by 39 per cent to THB10.8bn (US$324.4m) compared to the same period of last year but net profit fell to THB246m from THB1.2bn a year earlier. For the first half of the year, total revenue was up by 34 per cent to THB21.4bn. President and chief executive of SCC Siva Mahasandana said the ...

New Cambodian plant due for year-end completion

10 July 2017, Published under Cement News

Chip Mong Insee Cement Cooperation is nearing completion of its new cement plant in Kampot province, Cambodia, according to local press reports. The US$262m factory with the capacity to produce 5,000tpd of cement is due to open by the end of the year, the Khymer Times reported. Chip Mong Group and Chip Mong Insee Cement signed a partnership agreement with China’s CITIC Heavy Industries Company to build the plant, construction of which began last year. Chip Mong Insee Cement Cooperation i...

Siam City to invest in Vietnam operations

06 July 2017, Published under Cement News

Siam City Cement Vietnam Co Ltd will invest an additional US$30-50 in its Vietnamese cement plants in Kien Giang, Ba Ria-Vung Tau and Dong Nai provinces, and Ho Chi Minh City (HCMC) in the next 6-12 months, the Saigon Daily Times reports. At a meeting between the company and HCMC authorities on Monday, Philippe Richart, general director of the company, said the Vietnamese economy would continue expanding in the future. In September 2016 LafargeHolcim announced that it is to divest of its V...