Cement News tagged under: Siam City Cement
Vietnam: Thai acquisitions face tough competition15 March 2017, Published under Cement NewsThai companies have spent around US$600m acquiring assets in Vietnam even as the country’s cement producers face shrinking export markets and tougher domestic competition, Vietnam Net reports. At the end of February, LafargeHolcim completed the sale of its 65 per cent stake in its Vietnamese subsidiary to Siam City Cement (SCC) for at least US$550m. With the purchase, SCC now has 6.1Mta of capacity and a 20 per cent market share in southern Vietnam. Siam City’s domestic rival Siam Ceme... |
Sri Lanka: new CEO for Siam City Cement Lanka13 March 2017, Published under Cement NewsNandana Ekanayake will assume duties as CEO of Siam City Cement Lanka Ltd as of 14 Match. Prior to joining Siam City Cement, Mr Ekanayake has held positions of Finance Director of Holcim (Vietnam) and Finance Vice President of Holcim Lanka Ltd. |
Thailand: Siam City Cement to focus on malta cement06 March 2017, Published under Cement NewsSiam City Cement Plc is looking to expand its production of malta cement to gain better returns from expected market growth driven by increased infrastructure spending in Thailand. Siam City Cement forecasts that the domestic cement market will expand by 1-3 per cent this year and it is focussing on special grade 'malta cement' which is designed for types of road, railways and reservoirs, said Mr Kajornsak Manosupsak. The production of malta cement will give the company a higher p... |
Siam City Cement renames Holcim's former Vietnam operations02 March 2017, Published under Cement NewsSiam City Cement Public Co Ltd (SCCC), Thailand’s second-largest cement producer, announced it will rename its Holcim Vietnam Co into Siam City Cement Vietnam. SCCC signed an agreement in August 2016 to buy LafargeHolcim’s entire 65 per cent stake in LafargeHolcim Vietnam for US$890m. SCCC recently embarked on a strategy of building a regional asset footprint. The cement producer has already established operations in Indonesia, Cambodia and Bangladesh and Sri Lanka. |
Thailand: SCCC profits shrink31 October 2016, Published under Cement NewsSiam City Cement Co (SCCC) posted a smaller profit for 9M16 as a result of higher financing costs, spending on acquisitions and annual shutdowns. CEO, Siva Mahasandana, said the net sales for 9M16 stood at THB24.8bn (US$708.4m), a five per cent increase from the THB23.7bn registered in the same period of 2015. Net profit fell 16 per cent YoY from THB3.6m to THB3m in the period under review. SCCC recently acquired a Sri Lankan cement manufacturer Holcim (Lanka) Ltd with the deal complet... |
Semen Indonesia: unsuccessful Holcim (Lanka) bid will not deter from ASEAN expansion29 September 2016, Published under Cement NewsPT Semen Indonesia (Persero) Tbk's director, Rizkan Chandra, has claimed that Siam City's bid for Holcim (Lanka) Ltd was "an outrageous price". Siam City Cement won 99 per cent of the Holcim Lanka shares for US$400m. "We lost the tender in Sri Lanka because Siam City Cement bid an outrageous price," said Mr Chandra to CNN Indonesia. "The price Siam City paid was an anomaly. The lowest price by one of the seven other bidders was US$240m," he explained. The director disclosed that ... |
Vietnam: multiple mergers and acquisitions05 September 2016, Published under Cement NewsSiam City Cement (SCCC) is set to purchase 65 per cent of the stakes in LafargeHolcim Vietnam in a deal valued at US$524m. The acquisition is due to be completed in the 4Q once all administrative procedures are completed. This is not the first Thai purchase of Vietnamese cement operations. In 2012 SCG Cement bought Buu Long cement plant in the Dong Nai province. SCG has been developing multiple projects in the country, purchasing stakes in a range of building materials manufacturers,such ... |
Siam City Cement targets regional expansion05 August 2016, Published under Cement NewsIn the last few weeks, Thailand's second-largest cement producer, Siam City Cement (SCCC), has made a significant series of acquisitions to expand its overseas cement portfolio, including its capture of Cemex Bangladesh , Holcim Lanka and a 65 per cent share of LafargeHolcim Vietnam . A stimulus for the increased acquisition plans came when Holcim sold its shares in the Thai cement producer in March 2015, enabling Singapore-based Jardine Cycle & Carriage to buy a 24.9 per cent share i... |
Siam City Cement acquires Cemex Bangladesh28 July 2016, Published under Cement NewsSiam City Cement, one of Thailand’s largest cement producers, acquired Cemex Cement Bangladesh Ltd on Tuesday. The Cemex operations are now known as Siam City Cement (Bangaldesh) Ltd. A statement released by the company read, “Siam City Cement (Bangladesh) Limited aspires to bring regional experiences from the past and would like to shake hands with the potential prospects of the Bangladeshi Cement market. It believes in cementing relationship with all the relevant stakeholders and would l... |
Siam City Cement to acquire Holcim Lanka25 July 2016, Published under Cement NewsSiam City Cement (SCC) has signed a deal to buy Sri Lankan cement company Holcim Lanka Ltd for US$400m. The acquisition will turn SCC into the market leader in Sri Lanka. SCC is anticipating that the acquisition of the 98.95 per cent stake in Holcim Lanka will be completed within two weeks of the date of agreement, while LafargeHolcim have said the transaction will be completed in 3Q16. SCC will use credit facilities from Bank of Tokyo-Mitsubishi UFJ to fund the purchase. This latest ... |