Cement News tagged under: Thailand

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Asia’s plastic potential

09 March 2020, Published under Cement News

With the highest consumption of plastic in the world and representing two-thirds of global cement production, five Asian countries provide the opportunity to address the worldwide issue of non-recyclable plastic waste. By Dr Kåre Helge Karstensen, Palash Kumar Saha, Eirik Vigerust, Anneli Alatalo Paulsen, Dr Christian John Engelsen and Dr Mehdi Ahmadi, SINTEF, Norway. Collection of plastic in Binh Duong, Vietnam, January 2020 A total of 6.3bnt of plastic waste was created global...

SCG sees 14% revenue increase from Cambodian operations

04 February 2020, Published under Cement News

Thailand's Siam Cement Group has reported a 13.9 per cent YoY increase in sales revenue from its Cambodian operations in 2019, rising to US$451m from US$396m in the previous year. In the final quarter of 2019, sales advanced 17 per cent YoY to US$114m, driven by its cement and construction materials business, according to a press release. "Cambodia's economy continued to achieve robust growth during the fourth quarter of last year. The construction sector remained healthy thanks to publi...

Siam Cement sees 32% decline in profit for the 4Q19

29 January 2020, Published under Cement News

Thailand’s Siam Cement has seen a 32 per cent YoY decrease in profit to THB7.1bn (US$230.3m) for the October-December 2019 period. Overall revenue fell nine per cent YoY to THB106.18bn. Revenue from its cement and building material segment was down one per cent at THB45.14bn, due to lower sales in markets outside of southeast Asia, according to the company. Elsewhere, revenue from its chemicals business fell 23 per cent to THB41.35bn. For the full-year 2019, Siam Cement saw a 28 per ce...

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...