Cement News tagged under: Thailand

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Thailand: Siam City Cement's Insee Green Park project

26 June 2013, Published under Cement News

The new Insee Green Park in Saraburi province represents Siam City Cement's (SCC) concern for sustainable development and a green environment. "Green Heart" is the business motto of SCC, producer and distributor of the premium cement brand Insee since 2010. It sees the park as a way to develop its green products and its corporate social responsibility programme, which focuses on the environment. The company's adviser Chantana Sukumanont said the Insee Green Park is a pilot project designed...

Siam Cement Group to begin Myanmar plant construction in 2H13

06 June 2013, Published under Cement News

Siam Cement Group of Thailand plans to kick start construction of a greenfield cement plant in neighbouring Myanmar in the second half of this year, having received regulatory approval. The 1.7Mta cement factory has been given the go-ahead by the Myanmar Investment Commission (MIC), allowing the Thai conglomerate to begin construction as soon as the investment value is finalised by SCG's board, according to president and chief executive KanTrakulhoon. The investment value is expected to b...

TPI Polene awards ThyssenKrupp contract for 10,000tpd line, Thailand

30 May 2013, Published under Cement News

TPI Polene, one of Thailand’s top three cement producers, has awarded ThyssenKrupp a EUR150m contract to build a 10,000tpd kiln line at the Saraburi works, near the capital Bangkok. "This contract underlines our longstanding partnership with Thailand in the plant construction sector. We are delighted to be able to use our engineering expertise to support the Thai cement industry and serve the growing demand for cement with our energy-efficient facilities," Dr Hans Christoph Atzpodien, CEO o...

Siam City Cement 1Q sales rise, net profit hit by higher costs, Thailand

13 May 2013, Published under Cement News

Siam City Cement Co (SCCC), Thailand’s second-largest cement producer, reported a decline in operating and net profit for the 1Q13 despite a rise in sales as higher electricity and transport costs negatively affected results. Net profit for the three months to the end of March 2013 was THB1.12bn (US$37.7m), down 5.4 per cent on the same quarter of last year. Sales, however, were up 8.4 per cent YoY to THB7.5bn from THB6.9bn in the same period of last year. The rise was attributed to in...

Siam Cement appoints Chinese contractor for new Indonesian plant

10 May 2013, Published under Cement News

Siam Cement Group (SCG) of Thailand has signed an agreement with China-based Anhui Conch Design & Research Institute for the construction of a greenfield plant in West Java, Indonesia. The Chinese company, a subsidiary of the Anhui Conch Group, will supply machinery and equipment and provide engineering and construction services for the 1.8Mta plant to be constructed in Sukabumi. The new cement works will be run by Siam Cement’s wholly-owned subsidiary PT Semen Jawa. With an investment to...

Siam City Cement adds water management to Sustainability Roadmap, Thailand

02 May 2013, Published under Cement News

Thailand's second-largest producer Siam City Cement (SCCC) is to add water management and conservation to its Sustainable Development Roadmap and plans to spend THB58.7m (US$2m) on water conservation and related activities from 2012-18. The company's cement operations in Saraburi have been self-dependent in water supplies without drawing water from public sources. Managing director, Philippe Arto, told the Bangkok Post: “In Saraburi province, we pumped water from underground, but now w...

Siam Cement Group to lift capacity by 4.5Mta in two years

25 April 2013, Published under Cement News

Siam Cement Group plans to spend US$1.5bn to expand cement production capacity in Southeast Asia by 4.5Mta over the next two years. President and chief executive of Siam Cement Kan Trakhulhoon told the Bangkok Post that the US$400m cement plant in Indonesia is already under construction with Phase 1 expected to come on-stream by 2015. Meanwhile, the Myanmar cement factory is still awaiting approval, but Phase 1 is also slated to be operational by 2015 and involve a similar cost. The compa...

Siam Cement first quarter net profit rises 47% YoY, Thailand

24 April 2013, Published under Cement News

Siam Cement reported a 47 per cent is first quarter net profit, mainly due to advances in its cement and petrochemical business. The Thai conglomerate posted a net profit of THB8.8bn (US$805m) for the three months to the end of March 2013, up from THB5.97bn from a year earlier. Its cement and building materials business posted strong domestic demand thanks to a lively construction sector. Steady growth witnessed over the 2011-12 period in the Thai cement market is expected to continue ...

Positive earnings outlook for Siam Cement, Thailand

23 April 2013, Published under Cement News

Siam Cement Plc (SCC) of Thailand is expected to post good earnings growth thanks in part to domestic demand for cement and building products remaining strong. According to analysts at KGI Securities, SCC is likely to report a 1Q13 net profit of THB7.5bn, up 25.9 per cent YoY and 8.7 per cent QoQ thanks to a solid performance from the cement unit and clear signs of upturns for the chemical and paper units, which should help increase 1Q13 EBITDA margin to 11.4 per cent from 9.6 per cent in...

Fitch affirms Siam City Cement rating, outlook Stable

15 April 2013, Published under Cement News

Fitch Ratings (Thailand) Limited has affirmed Siam City Cement Public Company Limited's (SCCC) National Long-Term rating at 'A(tha)', its National Short-term rating at 'F1(tha)' and its senior unsecured debentures at 'A(tha)'. The Outlook is Stable. The ratings reflect SCCC's leading market position as the second-largest cement and ready mixed concrete producer in Thailand. This has helped maintain reasonable EBITDA and EBITDA margin despite pressure from price competition and higher ener...