Cement News tagged under: Thailand

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Asia Cement’s SWAP

08 June 2022, Published under Cement News

The trend for longer bags in baghouses requires cement plants to review their bag cleaning systems. Gas filtration specialist CTP Team recently installed its advanced SWAP technology at Asia Cement’s Pukrang plant in Thailand, which has improved the efficiency and reduced the cost of its bag cleaning system. By Roberto Binago, CTP Srl, Italy. Figure 1: SWAP technology compared with traditional bag cleaning technology In the cement sector, baghouses equipped with long bags are in...

SCG looks to recover from disrupted markets

11 February 2022, Published under Cement News

SCG, a leading conglomerate from Thailand, found COVID-19 disrupted its markets at home and abroad in 2020-21. Its FY21 results continued to be impaired by the Omicron variant, but the company is pushing ahead with its Green Choice programme of investments and remains optimistic that it can benefit from the improved economic forecasts for domestic construction growth in 2022. SCG's FY21 results reported a four per cent decline in grey cement demand in Thailand. Residential, commercial a...

Siam City Cement Group signs biodiversity MoU with IUCN

21 January 2022, Published under Cement News

Siam City Cement Group (SCCC Group) and the International Union for Conservation of Nature (IUCN) have extended their partnership for another three years by formalising a new Memorandum of Understanding (MoU). The MoU will support the implementation of the INSEE Sustainability Ambition 2030 plan, targeting Net Positive Impact (NPI) on biodiversity at sites where SCCC Group operates. The goal of the partnership is to avoid and minimise biodiversity loss to the maximum extent possible. Ov...

Siam Cement to spend THB70bn on CO2 reduction measures

13 December 2021, Published under Cement News

Siam Cement Group (SCG) has vowed to spend THB70bn (US$2.08bn) on technological innovations to cut CO 2 emissions from its manufacturing by 20 per cent by 2030. The new investment is in line with the UN's Sustainable Development Goals (SDG), the Thai government's bio-, circular and green (BCG) economic model and environmental, social and governance standards (ESG), said Roongrote Rangsiyopash, president and chief executive of SCG. Once it hits the 2030 goal, SCG will continue to move ...

Siam Cement's revenue surges 31% YoY

28 October 2021, Published under Cement News

Thailand’s Siam Cement PCL has seen its net profit decline 30 per cent YoY in the third quarter of 2021, falling to THB6.82bn (US$205m), as it recorded lower demand and an asset impairment related to a plant in Myanmar. However, revenue from sales advanced 31 per cent YoY to THB31.83bn in the 3Q21, supported by its chemical business.

Siam Cement records 83% increase in net profit

11 August 2021, Published under Cement News

Thailand’s Siam Cement has seen an 83 per cent increase in net profit to THB17.14bn (US$512.4m) in the second quarter of 2021, supported by its chemical and packaging businesses. Revenue also advanced 39 per cent YoY to THB133.56bn. The company has also announced a capex target of THB80-90bn for this year.

Siam Cement Group targets digital platform and machine efficiency upgrades

23 June 2021, Published under Cement News

Siam Cement Group (SCG) is maintaining its investment budget at THB65-75bn (US$2.04m-2.36m)   for the second half of this year even though the third wave of the pandemic has damaged its businesses. The company is focusing on digital platforms and is asking the government to support e-commerce and other measures to deal with the pandemic. "Businesses must brace for changes caused by virus spread," said Roongrote Rangsiyopash, SCG president and CEO. SCG plans to spend most of ...

SCG's 1Q21 cement and building products revenue up 15% QoQ

05 May 2021, Published under Cement News

Thailand-based Siam Cement Group has seen revenue from its cement and building products business reach THB46,185m in the 1Q21, an increase of 15 per cent compared to the previous quarter. However, revenue was flat compared to a year earlier due to regional demand weakness and the planned maintenance of its Cambodia cement plant during the period.   Profit in the segment during the 1Q21 was THB2809m, an increase from the year-ago period due to effective cost management and seasonal factors.  ...

SCG reports 4Q20 profits of THB8048m

18 February 2021, Published under Cement News

SCG reported 4Q20 profit of THB8048m (US$261.8m), a decrease of 17 per cent QoQ. EBITDA fell by four per cent QoQ to THB18,300m, largely from reduced cement building materials performance resulting from a continued economic slowdown due to COVID-19, heavy rainfall and floods in the region, and recognition of CBM’s asset impairments in 4Q20 from Myanmar and Indonesia cement operations. Sales revenue decreased by four per cent QoQ to THB97,250m from seasonally weak cement demand, effect fro...

Siam Cement sees net profit rise 7% in 2020

29 January 2021, Published under Cement News

Thailand’s Siam Cement has reported a nine per cent decline in revenue from sales to THB399.94bn (US$13.3bn) for 2020, compared to THB437.98bn in the previous year. However, its net profit rose seven per cent YoY to THB34.41bn from THB32.01bn, on the back of an improved performance in all of its businesses. The company expects its total earnings in 2021 to grow by 5-10 per cent from the THB399bn last year, driven by high value-added product development and the circular economy. "We ha...