Cement News tagged under: Thailand
Siam Cement expects flat 4Q sales on flood factor01 November 2013, Published under Cement NewsSiam 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 impact14 October 2013, Published under Cement NewsSiam 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 earnings11 October 2013, Published under Cement NewsThai 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 centenary03 October 2013, Published under Cement NewsSiam 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 deceleration30 September 2013, Published under Cement NewsItalcementi-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... |
Asia Cement sees slower 2014 revenue growth27 September 2013, Published under Cement NewsAsia Cement, the Thai-based subsidiary of Italcementi, expects slower revenue growth next year due to a weaker economy and domestic demand. While this year's revenue is estimated to rise 17.6 per cent to THB10bn, next year revenue growth is expected to slow to four per cent, according to Asia Cement's co-managing director Nopadol Ramyarupa. "The economic slowdown and revised GDP figure have affected our projection," said Mr Nopadol told the Bangkok Post. Thailand's economy fell into r... |
Siam City Cement shelves Cambodia plant plans29 August 2013, Published under Cement NewsThailand-based Siam City Cement (SCCC) has put its plans for a 1Mta cement plant in Cambodia on hold while it concentrates on meeting domestic market needs. Managing director of SCCC, Philippe Arto, told the Bangkok Post that the company's board has decided to put its plans for the US$150m Cambodia facility “on the shelf” after finishing a feasibility study. Construction had been expected to start at the end of this year. Mr Arto added that: “The board decided that the project is not a pr... |
Siam Cement plans 1.8Mta plant in Myanmar26 August 2013, Published under Cement NewsSiam Cement Pcl, Thailand, plans to build a 1.8Mta integrated cement plant in Myanmar, ready to start production in mid-2016. The THB12.4bn (US$388m) investment will position Siam Cement as one of the foremost producers in the country, where cement demand is forecast to increase by 10 per cent over the next five years, according to a Reuters report. Last year, Siam Cement accounted for more than 40 per cent of the 4Mt of cement consumed in Myanmar. Siam Cement is 30 per cent owned by the ... |
Thailand: slower consumption for Siam Cement23 August 2013, Published under Cement NewsDomestic cement consumption for Thailand's Siam Cement (SCC) is expected to be weaker over the next year, according to local paper The Nation. An SCC group meeting of local investors with Siam Cement's CEO, Kan Trakulhoon, and CFO Chaovalit Ekabut shed light on the company's current prospects and the cement market going forward. Trakulhoon explained that a softening of the property market and the slow movement of state infrastructure projects will see a slowdown in domestic cement consumpt... |
Siam Cement second-quarter net profit surges01 August 2013, Published under Cement NewsSiam Cement posted a surge in YoY net profit in the second quarter of 2013, boosted by strong earnings in its core businesses including its cement division. Thailand’s largest conglomerate doubled net profit for the April-June 2013 period to THB9.92bm (US$317m), up 132 per cent from THB4.28bn a year ago. Revenue increased six per cent in the second quarter from a year earlier to THB106.5bn. The company said it received THB2.9bn in dividend contributions from SCG Investment during the pe... |