Cement News tagged under: Thailand

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Siam Cement reports 35% fall in net profit

07 November 2019, Published under Cement News

Thailand’s Siam Cement has reported a 35 per cent fall in net profit to THB6.20bn (US$205m) for the 3Q19. However, revenue rose eight per cent YoY to THB110.33bn. Revenue from its chemicals business decreased 24 per cent YoY to THB44.05bn, while revenue from its cement and building material segment was down two per cent to THB45.32bn. The company attributed the results to the lower contribution from its chemical business and weaker demand for its products amid the US-China trade war.

Ocean plastic: an opportunity in the circular economy?

15 October 2019, Published under Cement News

Initiatives are under way to address the global issue of plastics litter in the oceans. Norway’s SINTEF highlights the use of co-processing in the Ocean Plastic Turned into an Opportunity in Circular Economy project. By Dr Kåre Helge Karstensen, Palash Kumar Saha, Eirik Vigerust, Anneli Alatalo Paulsen, Dr Christian John Engelsen and Dr Mehdi Ahmadi, Foundation for Scientific and Industrial Research (SINTEF), Norway. Mining of plastic wastes at a dumpsite in Thailand. Image credit: Kå...

SCG looks to increase use of blockchain solution

21 August 2019, Published under Cement News

Siam Cement Group (SCG) is looking to roll out its Procure to Pay blockchain solution for payment and procurement methods to 2400 suppliers by 2020, according to the Bangkok Post. Thammasak Sethaudom, vice-president for finance and investment, has said that the company must transform its operations to chase the fast-moving blockchain trend. "Our platform has helped suppliers reduce their processing times by 50 per cent from 70min to 35min per purchase order," said Mr Sethaudom. SCG invest...

Cemtech travels to Thailand

05 August 2019, Published under Cement News

Over 200 delegates converged on the Avani+ Riverside hotel in Bangkok, Thailand, to participate in this year’s Cemtech Asia conference and exhibition. At a time when global regulations on emissions are tightening, the conference programme considered pathways to a low-carbon future for the Asian cement sector. The presentation programme featured an extensive range of regional cement market reports Thomas Armstrong, managing editor of International Cement Review, began the Cemtech...

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...

Southeast Asia: tough times – consolidation ahead?

17 June 2019, Published under Cement News

As Western giants are exiting the southeast Asian cement market, a new wave of consolidation, this time by local companies, is taking place. By Manas Tamotia, LEK Consulting, Singapore China’s Sinoma International Engineering Co Ltd is adding 10,000tpd of cement capacity to PT Cemindo Gemilang’s production base at the Bayah plant in Banten province, Indonesia As inflexible Western giants continue to withdraw from their positions in southeast Asia, the region’s cement market i...

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...

SCG Cement signs deal for more solar power

02 April 2019, Published under Cement News

Thailand’s SCG Cement has signed a memorandum of understanding with Constant Energy for the deployment of 50MW of solar plants, according to PV Tech. Franck Constant, CEO of Constant Energy, has stated that the various projects are likely to range from 1-5MW in size and that Constant Energy will be the 100 per cent investor. The project will include rooftop, ground-mounted and floating technology. The 50MW of solar power will be installed in multiple provinces of Thailand over a three-year ...

Siam Cement targets floating solar power projects

01 March 2019, Published under Cement News

Siam Cement Group (SCG) aims to diversify by developing floating solar modules that it hopes to supply as 1GW solar farms to state-run Electricity Generating Authority of Thailand (EGAT). EGAT is planning to eight hydroelectric dams in Thailand over the next 20 years. EGAT announced in January that installation of the first project, a 45MW farm at the Sirindhorn Dam on the country's eastern border, would begin in April, with four others following soon after. But the utility still has not pi...

Private construction to increase Thailand's cement demand

13 February 2019, Published under Cement News

Cement demand in Thailand is forecast to increase in the next few years after a recovery in the private construction sector, says Fitch Ratings. Fitch Ratings expects high-single-digit growth for cement demand in Thailand in 2019, while cement sales data from the Office of Industrial Economics in 3Q18 reported 3.7 per cent YoY growth and a further 2.8 per cent growth in 4Q18. Domestic cement demand for all of 2018 remained low at 0.8 per cent growth YoY. "Cement consumption should rise...