Cement News tagged under: Siam City Cement

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SCCC 4Q14 profit declines

05 February 2015, Published under Cement News

Siam City Cement Co (SCCC) reported a decline 4Q14 profit after as its margin was further squeezed by higher power costs and a maintenance shutdown and weak domestic demand. Thailand’s second-largest cement procure posted a 4Q14 normalized profit of only THB642m (US$19.7m), down 26.5 per cent YoY and 39.6 per cent QoQ. The results are attributed to 1) lower domestic demand, but volumes were partly mitigated by an increase in exports following the reopening of Kiln Line 1; 2) a fall in gros...

SCCC results hurt by weaker domestic demand, higher SG&A expenses

31 October 2014, Published under Cement News

Siam City Cement (SCCC), Thailand’s second-largest cement producer, posted a 3Q14 net profit of THB1.06bn (US$33m), down 13 per cent YoY and 29 per cent QoQ hurt in part by weaker domestic demand as well as higher Selling, General & Administrative (SG&A) expenses. The weak results are due mainly to weak domestic demand but this was partly mitigated by increased exports following the reopening of its kiln Line 1, 2) lower gross margins, from 45.6 per cent in 3Q13 to 43.9 per cent, mainly d...

SCCC second-quarter net profit down, Thailand

23 July 2014, Published under Cement News

Siam City Cement Co (SCCC), Thailand's second-largest cement producer, posted a nine per cent YoY decline in 2Q14 net profit to THB1.47bn (US$46m) due to foreign exchange losses and declining equities revenue from associated companies. Net sales were ahead by 4.4 per cent YoY to THB7.8bn but fell 10 per cent QoQ on seasonal effects. First-half net profit increased by 19.2 per cent to THB3.38bn on sales of THB16.5bn, up by 10 per cent. "Net profit and profitability margins improved furt...

Siam City double-digit rise in earnings and sales

23 April 2014, Published under Cement News

Siam City Cement Co (SCCC) reported a double-digit rise in earnings and sales during the first quarter of 2014, as higher cement prices and increased exports help offset declines in its domestic market of Thailand. SCCC said yesterday to the Stock Exchange of Thailand that earnings rose 56 per cent YoY to THB1.9bn as net sales rose 14 per cent to THB8.65bn. Thailand’s second-largest cement producer attributed the rise in revenue to higher average selling prices and a rise in exports despit...

Fitch affirms Siam City Cement’s long-term rating, outlook ‘Stable’

15 April 2014, Published under Cement News

Fitch Ratings has affirmed Thailand-based Siam City Cement Public Co Ltd's (SCCC) National Long-Term Rating at 'A(tha)', its National Short-Term Rating at 'F1(tha)', its National Long-Term Rating on its senior unsecured debentures at 'A (tha)'. The outlook is Stable. Leading market position SCCC has maintained its position as Thailand's second-largest cement producer with a stable market share of 28 per cent in 2013, Fitch notes. Its strong brands in cement and ready-mixed concrete have u...

SCCC cautious on revenue growth and demand

11 April 2014, Published under Cement News

Siam City Cement (SCCC) is cautious on its outlook for the year and expects marginal or even flat revenue growth. Speaking to the Bangkok Post, director and chief executive Vorathep Rangchaikul, said the political conflicts of the last six months have hurt economic activity. Consequently, local cement consumption most likely will expand by just 2-3 per cent this year. SCCC has thus tried to cut expenses and improve efficiency while increasing exports to offset declines in the domestic mark...

Thailand: Siam City Cement anticipates flat domestic demand in 2014

14 February 2014, Published under Cement News

Siam City Cement Co (SCCC) posted flat volumes in the fourth quarter of last year and expects demand to remain subdued during 2014 due to the postponement of infrastructure and private sector projects.  "In the fourth quarter of last year, the company saw flat volume, both QoQ and YoY. This year, the construction industry may not grow because of delays in large-scale infrastructure projects and private investments," the listed company said in a press release yesterday. However, the company...

SCCC maintains positive outlook for 2014, Thailand

18 December 2013, Published under Cement News

Siam City Cement Co (SCCC) maintains a positive outlook for cement demand in its domestic market of Thailand despite government infrastructure project having been delayed due to current political instability. Thailand’s second-largest cement producer expects cement demand to increase by five per cent as government-supported infrastructure should resume following next year’s general election, according to a report by Asia Plus Securities. An increase in demand through 2013 has helped lift...

Siam City Cement Co sees annual 3Q gains, Thailand

04 November 2013, Published under Cement News

Siam City Cement, Thailand’s second-largest cement producer, reported a 53 per cent rise in net profit for the third quarter of 2013, thanks to solid sales, higher prices and energy savings in its production process. Sales rose 14.5 per cent YoY due to strong cement and ready-mix concrete sales. Gross margins increase from 41.1 per cent in 3Q12 to 45.6 per cent in 3Q13, mainly due to improved cement margins on the back of a THB100-15/t price hike, lower coal prices and energy savings from...

Siam City Cement shelves Cambodia plant plans

29 August 2013, Published under Cement News

Thailand-based Siam City Cement (SCCC) has put its plans for a 1Mta cement plant in Cambodia on hold while it concentrates on meeting domestic market needs. Managing director of SCCC, Philippe Arto, told the Bangkok Post that the company's board has decided to put its plans for the US$150m Cambodia facility “on the shelf” after finishing a feasibility study. Construction had been expected to start at the end of this year.  Mr Arto added that: “The board decided that the project is not a pr...