Cement News tagged under: Siam City Cement
Siam City Cement Co sees annual 3Q gains, Thailand04 November 2013, Published under Cement NewsSiam 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 plans29 August 2013, Published under Cement NewsThailand-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... |
Thailand: Siam City Cement's Insee Green Park project26 June 2013, Published under Cement NewsThe new Insee Green Park in Saraburi province represents Siam City Cement's (SCC) concern for sustainable development and a green environment. "Green Heart" is the business motto of SCC, producer and distributor of the premium cement brand Insee since 2010. It sees the park as a way to develop its green products and its corporate social responsibility programme, which focuses on the environment. The company's adviser Chantana Sukumanont said the Insee Green Park is a pilot project designed... |
Siam City Cement 1Q sales rise, net profit hit by higher costs, Thailand13 May 2013, Published under Cement NewsSiam City Cement Co (SCCC), Thailand’s second-largest cement producer, reported a decline in operating and net profit for the 1Q13 despite a rise in sales as higher electricity and transport costs negatively affected results. Net profit for the three months to the end of March 2013 was THB1.12bn (US$37.7m), down 5.4 per cent on the same quarter of last year. Sales, however, were up 8.4 per cent YoY to THB7.5bn from THB6.9bn in the same period of last year. The rise was attributed to in... |
Siam City Cement adds water management to Sustainability Roadmap, Thailand02 May 2013, Published under Cement NewsThailand's second-largest producer Siam City Cement (SCCC) is to add water management and conservation to its Sustainable Development Roadmap and plans to spend THB58.7m (US$2m) on water conservation and related activities from 2012-18. The company's cement operations in Saraburi have been self-dependent in water supplies without drawing water from public sources. Managing director, Philippe Arto, told the Bangkok Post: “In Saraburi province, we pumped water from underground, but now w... |
Fitch affirms Siam City Cement rating, outlook Stable15 April 2013, Published under Cement NewsFitch Ratings (Thailand) Limited has affirmed Siam City Cement Public Company Limited's (SCCC) 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 SCCC's leading market position as the second-largest cement and ready mixed concrete producer in Thailand. This has helped maintain reasonable EBITDA and EBITDA margin despite pressure from price competition and higher ener... |
Siam City Cement to upgrade and reactivate kiln line, Thailand18 February 2013, Published under Cement NewsThailand’s second largest cement producer, Siam City Cement Co (SCCC), reported a 14 per cent rise in revenues for 2012 and says it plans to increase production at its Saraburi works. SCCC, part of the Holcim Group, achieved revenue of THB26.4bn (US$883m) in 2012, on the back of strong domestic cement consumption and significant growth in cross-border exports. Net profit rose by 10.4 per cent to THB3.6bn during the year. Fourth-quarter net revenue tripled YoY to THB756m as net sales surge... |
Siam City Cement plans 1Mta Cambodia works14 February 2013, Published under Cement NewsThailand’s second-largest cement producer Siam City Cement Co (SCCC) is currently conducting a feasibility study for a 1Mta cement plant in Cambodia, a senior executive of the company has said. The new works is estimated to cost THB1.4bn and is part of a THB2bn (US$671.11m) investment spend SCCC has planned for this year, Reuters quoted the company official as saying. SCCC also said it expects revenue growth to increase by double-digits in 2013 with demand in Thailand forecast to rise b... |
Holcim04 January 2013, Published under Cement NewsThe Holcim associate Siam City Cement is to re-commission the two kilns that have been idle since 2008. One of the kilns will be fired again in October 2013, boosting active capacity by 1.4Mta. The second kiln will be re-lit some time during 2014. With all six kilns in operation, Siam City will have a capacity of 12.5Mta of clinker and 14Mta of cement. Siam City Cement is also contemplating building an integrated cement works in Cambodia, where it currently has a 49 per cent market share. A... |
Holcim reduces stake in Siam City Cement, sells minority shareholding in Cementos Progreso21 December 2012, Published under Cement NewsHolcim has announced that it has reduced its stake in Siam City Cement Ltd (SCCC) of Thailand and has sold its minority shareholding in Guatemalan producer Cementos Progreso, contributing CHF375m (EUR310.6m) to the Holcim Leadership Journey programme. SCCC stake reduced Holcim Ltd has reduced its shareholding in SCCC from 36.8 per cent to 27.5 per cent. The shares have been purchased by Bangkok Broadcasting and Television Co, part of the Ratanarak Group, which will increase its shareho... |