Cement News tagged under: Thailand

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Asia Cement anticipates pick-up in Thai demand

10 October 2014, Published under Cement News

Thailand-based producer Asia Cement said it expects a pick-up in demand from late this year and into 2015 due to the government’s stimulus package and the launch of infrastructure projects. The Italcementi-group company forecasts Thai consumption for full-year 2014 to be on a par with last year’s figure of 34Mt. A five per cent increase is projected for next year. Managing director of Asia Cement, Roberto Callieri, told the Bangkok Post that while Asia Cement had faced challenging times s...

SGC second-quarter declines on weaker demand

31 July 2014, Published under Cement News

Siam Cement Group (SCG) reported a 14 per cent decline in second-quarter net profit due in part to weaker domestic cement demand as months of political unrest have delayed spending on infrastructure projects. Profit for the three months to the end of June fell to THB8.53bn, which was also impacted by lower chemical earnings. SCG chief executive, Kan Trakulhoon, said Thai cement demand is expected to increase by zero to one per cent due to a drop in construction activity and a lack of n...

SCCC second-quarter net profit down, Thailand

23 July 2014, Published under Cement News

Siam City Cement Co (SCCC), Thailand's second-largest cement producer, posted a nine per cent YoY decline in 2Q14 net profit to THB1.47bn (US$46m) due to foreign exchange losses and declining equities revenue from associated companies. Net sales were ahead by 4.4 per cent YoY to THB7.8bn but fell 10 per cent QoQ on seasonal effects. First-half net profit increased by 19.2 per cent to THB3.38bn on sales of THB16.5bn, up by 10 per cent. "Net profit and profitability margins improved furt...

SCG: second-quarter earnings drop expected, outlook upbeat

17 July 2014, Published under Cement News

Siam Cement, Thailand’s largest industrial conglomerate and leading cement producer, is expected to report a 10.5 per cent drop in second-quarter earnings, according to KGI Securities. The decline is mainly attributed to falling regional demand for chemical products. KGI analyst Nat Panassutrakorn has revised down his full-year net profit forecast by 8.2 per cent to THB34.5bn (US$1.1bn), but is more upbeat about longer-term prospects. "Revival in local confidence, quick disbursement fr...

SCG prepares to launch flagship products to Indonesian market

16 July 2014, Published under Cement News

Siam Cement Group (SCG) is preparing to introduce its three flagship products to the Indonesian market, a country high on the Thai building materials major's agenda as it looks to extend its southeast Asian presence. The three products are SCG’s energy-saving lightweight concrete SCG Smartblock, the quick-to-dry Portland composite cement SCG Cement PCC, and the ready-mixed concrete Jayamix by SCG Super Concrete. The products will be used to serve the Jakarta market initially. SCG Sma...

Improving demand outlook for SCC, Thailand

15 July 2014, Published under Cement News

Despite demand for cement and building materials yet to show signs of recovery in Thailand, consumption is expected to improve, particularly from next year, according to a recent report. Analysts at TISCO Securities believe the economic policy of the new government will help boost domestic consumption and raise public investments, which will turn to demand for basic materials, e.g. cement, building materials, paper & packaging and plastics, all of which are SCC's products. However, the de...

Siam Cement positive earnings outlook, Thailand

24 April 2014, Published under Cement News

Siam Cement Plc is expected to post another strong quarterly performance, according to analysts at SCB Securities cited in reports by The Nation. First quarter net profit is estimated at THB9.5bn (US$293.7m), up eight per cent YoY and 19 per cent QoQ. The growth is expected to be driven by a “wider chemical spreads, no repeat of last quarter's maintenance shutdown of its chemical and paper units, and seasonally higher sales volume for all business units.” SCB expects Siam Cement’s buildin...

Siam City double-digit rise in earnings and sales

23 April 2014, Published under Cement News

Siam City Cement Co (SCCC) reported a double-digit rise in earnings and sales during the first quarter of 2014, as higher cement prices and increased exports help offset declines in its domestic market of Thailand. SCCC said yesterday to the Stock Exchange of Thailand that earnings rose 56 per cent YoY to THB1.9bn as net sales rose 14 per cent to THB8.65bn. Thailand’s second-largest cement producer attributed the rise in revenue to higher average selling prices and a rise in exports despit...

Fitch affirms Siam City Cement’s long-term rating, outlook ‘Stable’

15 April 2014, Published under Cement News

Fitch Ratings has affirmed Thailand-based Siam City Cement Public Co Ltd's (SCCC) National Long-Term Rating at 'A(tha)', its National Short-Term Rating at 'F1(tha)', its National Long-Term Rating on its senior unsecured debentures at 'A (tha)'. The outlook is Stable. Leading market position SCCC has maintained its position as Thailand's second-largest cement producer with a stable market share of 28 per cent in 2013, Fitch notes. Its strong brands in cement and ready-mixed concrete have u...

SCCC cautious on revenue growth and demand

11 April 2014, Published under Cement News

Siam City Cement (SCCC) is cautious on its outlook for the year and expects marginal or even flat revenue growth. Speaking to the Bangkok Post, director and chief executive Vorathep Rangchaikul, said the political conflicts of the last six months have hurt economic activity. Consequently, local cement consumption most likely will expand by just 2-3 per cent this year. SCCC has thus tried to cut expenses and improve efficiency while increasing exports to offset declines in the domestic mark...