Cement News tagged under: Thailand
SCCC 4Q14 profit declines05 February 2015, Published under Cement NewsSiam City Cement Co (SCCC) reported a decline 4Q14 profit after as its margin was further squeezed by higher power costs and a maintenance shutdown and weak domestic demand. Thailand’s second-largest cement procure posted a 4Q14 normalized profit of only THB642m (US$19.7m), down 26.5 per cent YoY and 39.6 per cent QoQ. The results are attributed to 1) lower domestic demand, but volumes were partly mitigated by an increase in exports following the reopening of Kiln Line 1; 2) a fall in gros... |
All eyes on the ASEAN30 January 2015, Published under Cement NewsThe southeast Asian cement markets of the Philippines, Vietnam and Thailand are set for continued growth in 2015, while elsewhere in the region there is plenty to keep investors interested. Philippines – sustained growth ahead Cement industry sales in the Philippines have benefitted from robust demand thanks to bustling construction activity nationwide. Last year sales increased by 8.7 per cent YoY, according to the Cement Manufacturers’ Cement Association of the Philippines (CeMAP). Loc... |
Siam Cement fourth-quarter net profit up 11% YoY28 January 2015, Published under Cement NewsSiam Cement PCL, Thailand's largest industrial conglomerate, said on Wednesday its 4Q14 net profit rose 11 per cent due mainly to improving margin for its petrochemical business despite an inventory loss. Net profit was THB8.86bn (US$271.53m) for the October-December quarter, beating analysts' forecasts. For the whole of 2014, net profit dropped eight per cent to THB33.6bn (US$30.66m), the company said in a statement. Ceiling of bond issue raised Meanwhile, Siam Cement also announc... |
SCG positive on Thai demand outlook22 January 2015, Published under Cement NewsThai cement demand is expected to increase by six per cent in 2015 after remaining flat last year, and prices are expected to hold relatively steady despite new capacity on the way, the country’s leading cement producer has said. Speaking during the SCG Dinner 2015 hosted last week, CEO Kan Trakulhoon pointed out that demand resumed YoY growth in December and this year demand will be driven by state infrastructure and commercial projects, Bualuang Securities reported. After reaching a r... |
Thailand: TPI Polene bond issue12 January 2015, Published under Cement NewsThai-based cement producer TPI Polene says it will issue two tranches of THB6bn (US$182.5m) worth of debentures. Prachai Leophairatana, chief executive of TPI, said the first tranche would be a four-year debenture carrying a coupon rate of 4.85 per cent while the second tranche for five years carries a coupon rate of 5.20 per cent. Both tranches of debentures are senior unsecured debts and the debts will be ready for subscription on 19-21 January 2015. CIMB Thai Bank has been selecte... |
Siam Cement to equip new Indonesian plant with WHR technology17 November 2014, Published under Cement NewsSiam Cement Group (SCG) has announced that its new Indonesian plant in Sukabumi, West Java, will be equipped with a waste heat power generation (WHG) system which could reduce energy use by up to 30 per cent. "At the Sukabumi plant, we will use the same technology, the WHG system, that we have been using at our plant in Lampang province in Thailand," SCG president and CEO Kan Trakulhoon told the Jakarta Post on the sidelines of the 2014 ASEAN Sustainability Development Symposium in Bangkok,... |
SCG chief anticipates 5% rise in 2015 demand30 October 2014, Published under Cement NewsCement demand in Thailand is expected to increase by at least five per cent next year stimulated by an acceleration of government infrastructure development, according to the chief of the country’s leading cement producer. Kan Trakulhoon, CEO of Siam Cement Group (SCG), believes that the Thai economy has bottomed out since August and is recovering gradually. He said the company expects cement demand to recover significantly from the second half of next year, thank chiefly to government pro... |
Siam Cement 3Q net profit down 20% YoY29 October 2014, Published under Cement NewsSiam Cement said on Wednesday its third-quarter net profit dropped 20 per cent YoY due to weak demand for construction materials. Thailand’s largest industrial conglomerate posted July-September net profit of THB7.85bn (US$241.7m). This compared with THB9.79bn a year earlier when the company booked a gain of THB1.5bn. Analysts at Krungsri Securities expect the slowdown to continue through the final three months of the year stating: "The declining trend will likely continue into the fourth ... |
SCG earmarks new five-year investment budget27 October 2014, Published under Cement NewsSiam Cement Group (SCG) has earmarked THB200-250bn for a new five-year investment budget starting next year, the Bangkok Post reports. Chief executive and president Kan Trakulhoon added that the company is eyeing investment in a tech company that could complement SCG's core businesses. "The company we're talking with at the moment is a technology company in Europe," Mr Kan said. The focus will be technology related to core businesses such as material sciences, paper and petrochemicals. |
Thailand: Siam Cement suffers market dip21 October 2014, Published under Cement NewsThai domestic cement demand dipped around three per cent YoY in 3Q14, as no new infrastructure projects broke ground during 9M14, while many old projects were completed, claims the Nation paper. The weaker demand probably squeezed the ex-factory price by THB25-50/t QoQ to THB1925-1950/t (US$59.60/t to US$60.40/t) in 3Q14, which would be flat YoY. Sales of building materials in Thailand are likely to have declined by as much as eight per cent YoY in 3Q14, due to weak consumption, particul... |