Cement News tagged under: Thailand

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Thailand: Siam City Cement anticipates flat domestic demand in 2014

14 February 2014, Published under Cement News

Siam City Cement Co (SCCC) posted flat volumes in the fourth quarter of last year and expects demand to remain subdued during 2014 due to the postponement of infrastructure and private sector projects.  "In the fourth quarter of last year, the company saw flat volume, both QoQ and YoY. This year, the construction industry may not grow because of delays in large-scale infrastructure projects and private investments," the listed company said in a press release yesterday. However, the company...

SCG expects slower 2014 growth on impact of political instability

31 January 2014, Published under Cement News

Siam Cement Group (SCG) said it expects cement demand growth in Thailand to decelerate this year compared to the seven per cent advance seen in 2013, due to a slowdown in government infrastructure spending as a result of political unrest. Consumption has only increased by two per cent since the beginning of this year, versus a six per cent advance in the fourth quarter of last year, Reuters quoted Siam Cement chief executive Kan Trakhulhoon, as saying. Trakhulhoon has said growth of its...

Fitch affirms Siam Cement ratings, outlook Stable

30 January 2014, Published under Cement News

Fitch has affirmed Siam Cement Co's (SCC) National Long-Term Rating at 'A(tha)', National Short-Term Rating at 'F1(tha)' and its senior unsecured debentures at 'A(tha)'. The outlook is ‘Stable. Fitch expects SCC's capex to increase in 2014-2015 as it expands its businesses, particularly in Southeast Asia. A majority of investments will be in the cement and building materials businesses. It expects SCC's net adjusted debt/EBITDAR, including dividends from associates, to be within 3.0x-3.5x ...

SCCC maintains positive outlook for 2014, Thailand

18 December 2013, Published under Cement News

Siam City Cement Co (SCCC) maintains a positive outlook for cement demand in its domestic market of Thailand despite government infrastructure project having been delayed due to current political instability. Thailand’s second-largest cement producer expects cement demand to increase by five per cent as government-supported infrastructure should resume following next year’s general election, according to a report by Asia Plus Securities. An increase in demand through 2013 has helped lift...

Siam City Cement Co sees annual 3Q gains, Thailand

04 November 2013, Published under Cement News

Siam City Cement, Thailand’s second-largest cement producer, reported a 53 per cent rise in net profit for the third quarter of 2013, thanks to solid sales, higher prices and energy savings in its production process. Sales rose 14.5 per cent YoY due to strong cement and ready-mix concrete sales. Gross margins increase from 41.1 per cent in 3Q12 to 45.6 per cent in 3Q13, mainly due to improved cement margins on the back of a THB100-15/t price hike, lower coal prices and energy savings from...

Siam Cement expects flat 4Q sales on flood factor

01 November 2013, Published under Cement News

Siam Cement reported a five per cent sales rise in the third quarter, but expects floods to impact sales in the final three months of the year. Sales in the fourth quarter are expected to be flat, as there were no floods during the same period of 2012. As a result, sales growth is estimated at 5.2 per cent for all of 2013. For the third quarter, SCG posted a 53 per cent YoY increase in net profit to THB9.8bn as sales rose nine per cent to THB113.85bn. For the nine-month period, earni...

SGC full-year revenue to be affected by flood impact

14 October 2013, Published under Cement News

Siam Cement Group (SCG) expects full year revenue to be slightly lower than original forecasts as flooding hits domestic sales. In an interview with the Bangkok Post, SCG’s chief executive Kan Trakhulhoon, said sales of cement and building materials have clearly witnessed a slowdown as floods spread to wider areas including the eastern area which is not usually flooded. The decline will result in slightly lower revenue for SCG as a whole, he added. The flooding in Thailand is affecting 25 ...

Upbeat outlook for SCC third-quarter earnings

11 October 2013, Published under Cement News

Thai conglomerate Siam Cement Co (SCC) is expected to post robust YoY earnings growth in 3Q13 thanks to improved petrochem spread and healthy cement demand growth with higher prices, according to a recent report by TISCO Securities. The research house expects SCC to post a 3Q13 net profit of THB9.1bn, up 41.9 per cent YoY but down 8.3 per cent QoQ. The expected YoY growth is due to higher petrochem spread, continued strong cement demand with higher prices, and extra gain from investment va...

Siam Cement Group book celebrates centenary

03 October 2013, Published under Cement News

Siam Cement Group is marking its first centennial this year and plans to celebrate the occasion by passing on its sustainable-business tips to others in a specially written book. The "SCG 100 Years of Innovations for Sustainability" book was launched last week, detailing the history of the group's operations and how it has responded to changes that have taken place in Thailand over the past century. The book brings together lessons learned by SCG in moving through various crises and reflects...

Thailand: Asia Cement predicts revenue growth deceleration

30 September 2013, Published under Cement News

Italcementi-owned Asia Cement expects slower revenue growth in 2014 as it forecasts a weaker domestic market and uncertainty over the government’s THB2trn (US$64bn) infrastructure investment, according to the Bangkok Post. Nopadol Ramyarupa, co-managing director of Thailand’s fourth-largest cement maker, said he expects revenue growth to be limited to four per cent. This year’s revenue is estimated at THB10bn, up by 17.6 per cent from last year’s THB8.5bn. "The economic slowdown and re...