Cement News tagged under: Thailand

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SCG reports domestic cement sales of THB50,800m in 1Q23

10 May 2023, Published under Cement News

SCG reported its operating results for the 1Q23, showing a recovery across all business units, with increased sales and profits boosted by the revival of tourism and China’s border reopening. SCG’s total assets as of 31 March 2023, amounted to THB923,725m (US$27,414m), of which 44 per cent represented assets in ASEAN (excluding Thailand). The Cement-Building Materials segment recorded sales revenue of THB50,800m. The result was  “increasing by three per cent QoQ and similar to the sa...

SCG reports 7% increase in revenue

24 February 2023, Published under Cement News

The Siam Cement Public Co Ltd (SCG) reported a 14 per cent drop in sales revenue to THB122,190m (US$3510.1m) in the 4Q22 when compare with the 4Q21. The company’s EBITDA fell by 53 per cent YoY to THB10,122m while profit was down by 98 per cent YoY to THB157m.    The results were affected by lower chemicals product prices and volume driven by softer demand. In the 2022 financial year, sales revenues increased seven per cent YoY to THB569,609m, supported by the company’s Packaging and Ce...

Sublime Systems secures funding for low-carbon cement

18 January 2023, Published under Cement News

US-based Sublime Systems has raised US$40m to develop new technology to produce low-carbon cement. According to Bloomberg, Sublime has come up with a process that reduces energy use and carbon emission by splitting the cement-making process into two parts.  The first step is the production of calcium in a form that will chemically react with silicon, the key element in sand. Sublime reduces energy use and carbon emissions in this step by avoiding limestone and using electricity rather tha...

Sarawak considers importing cement from Thailand

23 December 2022, Published under Cement News

The Borneo-based Sarawak Economic Development Corp (SEDC) and the Bintulu Development Authority (BDA) are planning to create a joint venture to import cement from Thailand to address the supply shortage in the state of Sarawak. According to the Borneo Post Online, imports could total 0.5-1Mt from 2023. SEDC and BDA visited Siam Cement Group (SCG) in Bangkok recently to discuss the proposal.  Due to the shortage of cement in Sarawak, cement prices in the state are 15 per cent higher tha...

Siam Cement Group invests THB100bn in environmental performance

16 December 2022, Published under Cement News

Siam Cement Group has laid out its investment plans for the next five years, showing a strong emphasis on environmental issues and moving towards establishing circular economies.
 The company announced that it will invest THB100bn (US$2.89bn) through the end of 2027 in areas such as renewable energy, while also continuing efforts to decarbonise its main building materials and chemicals businesses.
 SCG plans to strengthen its position in manufacturing materials for solar power generation...

Siam Cement Group enters JV for new ACC plant

09 December 2022, Published under Cement News

Thailand-based Siam Cement Group (SCG) has entered into a joint venture (JV) with India’s BigBloc Construction (BCL) to build a greenfield plant to manufacture aerated autoclaved concrete (AAC) blocks and AAC panels. The JV, known as Siam Cement BigBloc Construction Technologies, is 52 per cent controlled by BCL and 48 per cent controlled by SCG. The new works marks an investment of INR650m (US$7.9m), according to Financial Express, and will be located in the Kheda district, near Ahmed...

Thailand looks to Philippines for exports

07 December 2022, Published under Cement News

The Philippines government has decided not to extend a tax on imports of cement. The levy on imported cement was first introduced on 22 October 2019 for three years. In the first year the tax was PHP250/t (US$4.5/t), which then fell to PHP245/t in the second year and PHP200/t in the third year. With the tax due to expire on 21 October 2022, the Philippine Tariff Commission began an enquiry in February this year as to whether the tax should be extended or not. According to rules set out by...

Yutong and SCG Cement Group sign MoU

29 November 2022, Published under Cement News

A Memorandum of Understanding (MoU) for Thailand’s first 5G+ autonomous driving smart green mine project has been signed between Chinese vehicle company, Yutong Mining Equipment, and SCG Cement of Thailand.   The signing of the first green smart mine project in southeast Asia is an important achievement for Yutong Mining Equipment in the overseas market. Under the terms of the MoU, Yutong Mining Equipment will provide high-quality products and strong service support, joining hands with...

Siam Cement sees sales advance 8% in 3Q22

28 October 2022, Published under Cement News

Thailand-based Siam Cement Group (SCG) has reported sales of THB142,391m (US$3774m) in the third quarter of 2022, up eight per cent from THB131,825m in the same period a year earlier. According to the company, the increase has been driven by higher product prices. Net income over the same timeframe fell from THB6817m to THB2443m, while basic earnings per share from continuing operations declined from THB5.68 to THB2.04.  In the opening nine months of 2022, sales came in at THB447,419m, ...

TPI Polene posts 2Q22 sales growth of 21%

25 August 2022, Published under Cement News

TPI Polene posted a 21 per cent YoY growth in sales in the 2Q22 to THB12.5bn (US$346.2m) and 24 per cent growth in revenues to THB13.6bn, partly thanks to forex gains. Overall, the lower volume sales in some product categories were offset by price adjustments compensating for input costs that have been rising since late 2021. For the 1H22 sales reached THB25bn up 29 per cent YoY.   The company’s gross profit and core operating margins, at 28.6 and 22 per cent respectively, were still l...