Cement News tagged under: Siam City Cement
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... |
Siam City Cement to boost production, Thailand11 December 2012, Published under Cement NewsThailand’s Siam City Cement (SCCC) has said it will resume operations of two clinker lines from next year on the back of increased local demand. The company is also looking to construct its first cement plant outside of Thailand. Two of SCCC's six kiln lines have been shut down since the economic crisis in 2008. With local consumption now showing sound levels of recovery, Mr Arto said one kiln will reopen next October, which will add 10 per cent (1.4Mta) of capacity. The other kiln is due... |
Thailand: SCCC reports net profit dip of 8.8% on weak prices16 November 2012, Published under Cement NewsSiam City Cement Plc reported a drop in net profit for the third quarter and the first nine months due to weak prices even though sales have surged. Third-quarter net profit fell 8.8% YoY to THB792m (US$25.7m), while revenue grew 7.7% to THB6.59bn. For the nine-month period, net profit fell 5.3% from a year earlier to THB2.88bn as revenue increased 10.8% to THB20bn, according to SCCC's filing to the Stock Exchange of Thailand. ''Strong cement consumption driven by infrastructure project... |
Siam City Cement 2Q net profit falls, Thailand06 August 2012, Published under Cement NewsSiam City Cement Plc (SCCC), Thailand's second-largest cement producer, reported a 30.5 per cent drop in 2Q net profit although sales increased by more than 12 per cent as operating margins were hurt by lower cement prices and higher energy costs. In a filing to the Stock Exchange of Thailand on 2 August, SCCC said its net profit totalled THB809m in the quarter to June compared to THB1.056bn a year before. Net sales, meanwhile, rose 12.2 per cent to THB6.49bn as domestic cement consumption... |
Holcim: July '1203 August 2012, Published under Cement NewsThe Holcim associate Huaxin Cement has announced that it expects profits to fall by at least 50 per cent in the year 2012, largely because of the reduction seen in cement prices. The Holcim associate Siam City Cement has increased its estimate for growth in its cement consumption this year to six per cent as a result of the new government flood protection measures on top of the already good economic growth. The company's 1H growth should be between 6-8 per cent. Holcim (Azerbaycan), t... |
Siam City revises 2012 demand forecast upwards24 July 2012, Published under Cement NewsSiam City Cement, part of the Holcim group, has revised upwards its 2012 cement consumption outlook to six per cent due to good economic growth and the expected launch of government flood-prevention projects in the second half. Earlier the company had anticipated growth of five per cent. Chief executive Philippe Arto told the Bangkok Post that the market expanded by 6-8 per cent in the first half of 2012 driven by private sector demand. "The market recovery is starting, although proper... |
Fitch affirms Siam City Cement's rating, Thailand19 July 2012, Published under Cement NewsFitch Ratings (Thailand) Limited has affirmed Siam City Cement Public Company Limited's (SCCC) National Ratings at Long-Term 'A(tha)' and Short-Term 'F1(tha)'. The Outlook is Stable. At the same time, Fitch has affirmed SCCC's senior unsecured debentures at 'A(tha)'. SCCC's ratings reflect its leading position as the second-largest cement producer in Thailand, with strong brands in cement, ready-mix concrete and wood replacement products. This has helped the company to maintain its domesti... |
Siam City Cement upgraded, Thailand24 May 2012, Published under Cement NewsKasikorn Securities upgraded Siam City Cement Pcl to "outperform" from "neutral", citing a positive earnings outlook for Thailand's second-largest cement maker on rising cement demand and construction activity. "We maintain a positive outlook on the cement business and expect accelerating construction activity during the current quarter to be a key driver for top line growth across the sector," it said. The broker said it expected Siam City Cement to report a 15 per cent net profit... |
Stronger sales boost Siam City 1Q net profit, Thailand08 May 2012, Published under Cement NewsSiam City Cement Plc (SCCC) reported a 14.6% YoY increase in net profit, up to THB1.28bn for the first quarter on the back of strong domestic cement consumption, the Bangkok Post reports. Thailand's second-largest cement manufacturer saw net sales rise 12.4% from the year before to THB6.99bn, the company said in a statement. "Cement consumption increased in the first quarter, driven by sizeable growth from both public and private construction," it said. "However, cement pricing did not ref... |
Thailand: SCCC records B1.28bn Q1 net profit04 May 2012, Published under Cement NewsSiam City Cement Plc (SCCC) reported a 14.6% YoY increase of net profit yesterday, up to THB1.28bn (US$41.3m) for the first quarter on the back of strong domestic cement consumption. Thailand's second-largest cement manufacturer saw net sales rise 12.4% from the year before to THB6.99bn, it said in a statement. "Cement consumption increased in the first quarter, driven by sizeable growth from both public and private construction," it said. "However, cement pricing did not reflect rising ... |