Cement News tagged under: Thailand
Positive earnings outlook for Siam Cement, Thailand23 April 2013, Published under Cement NewsSiam 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 Stable15 April 2013, Published under Cement NewsFitch 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... |
Siam Cement to consolidate cement and building materials businesses29 March 2013, Published under Cement NewsSiam Cement Group (SCG) is consolidating its cement and building materials businesses to strengthen its competitiveness for further regional expansion. "There is strong synergy among the cement, building materials and distribution businesses, which are related to the construction industry," said Kan Trakulhoon, SCG president and, said in a filing to the Stock Exchange of Thailand. The company aims to increase its Asean sales from 18 per cent of the total and has budgeted THB40-50bn f... |
TPI Polene to construct new kiln line, Thailand25 March 2013, Published under Cement NewsThailand-based cement producer TPI Polene is to construct a new line at its Saraburi cement works as steady growth on the local market is expected to continue. The Bangkok Post reported that company plans to spend THB10bn up to 2016, half of which will be on the clinker line and the balance on a renewable energy project. The new kiln line will lift capacity at the 9.07Mta Saraburi cement works by 33 per cent. The fourth kiln is a project that has been postponed since the 1997 Asian Finan... |
SCG ready to cut electricity usage to deal with shortage06 March 2013, Published under Cement NewsThailand’s Siam Cement Group (SGC) said it is ready to slash energy usage as Thailand prepares for an impending power supply crisis next month. The Southeast Asian country has been seeking measures and energy savings policies to be implemented during the period when Myanmar halts the gas delivery for pipeline maintenance during April 5-14 2013. Meanwhile, Somchai Wangwattanapanich, Vice President-Operations of SCG Chemicals as the president of SCG's energy board, said in a statement th... |
Siam Cement Group to construct 1.8Mta plant in Indonesia01 March 2013, Published under Cement NewsThailand's largest conglomerate, Siam Cement Group (SCG) has said it is to build a new 1.8Mta plant in Indonesia as it seeks to gain a foothold in this thriving Southeast Asian cement market. SCG Chief Finance Officer Chaovalit Ekabut said the new plant will be in Sukabumi in West Java with a total investment of US$356m, The Jakarta Post reported Thursday. "We expect to start construction this year and finish by 2015. We hope to commence operations at this cement plan in the secon... |
Italcementi launches five-year bond, Italy25 February 2013, Published under Cement NewsItalcementi, the fifth-largest cement producer in the world, has launched a five-year bond of EUR350m at an issue price of EUR99.477 and a coupon of 6.125 per cent, according to reports in La Stampa. At the closure of the placement, orders exceeded EUR 2.5bn. Credit rating agency Moody's has rated the Italcementi bond Ba2 with a "negative" outlook. For 2013, Moody's expects Italcementi to face challenging market conditions in its key markets Egypt and France and, to a lesser extent, in Mor... |
Siam City Cement to upgrade and reactivate kiln line, Thailand18 February 2013, Published under Cement NewsThailand’s second largest cement producer, Siam City Cement Co (SCCC), reported a 14 per cent rise in revenues for 2012 and says it plans to increase production at its Saraburi works. SCCC, part of the Holcim Group, achieved revenue of THB26.4bn (US$883m) in 2012, on the back of strong domestic cement consumption and significant growth in cross-border exports. Net profit rose by 10.4 per cent to THB3.6bn during the year. Fourth-quarter net revenue tripled YoY to THB756m as net sales surge... |
Siam City Cement plans 1Mta Cambodia works14 February 2013, Published under Cement NewsThailand’s second-largest cement producer Siam City Cement Co (SCCC) is currently conducting a feasibility study for a 1Mta cement plant in Cambodia, a senior executive of the company has said. The new works is estimated to cost THB1.4bn and is part of a THB2bn (US$671.11m) investment spend SCCC has planned for this year, Reuters quoted the company official as saying. SCCC also said it expects revenue growth to increase by double-digits in 2013 with demand in Thailand forecast to rise b... |
Fitch Affirms Siam Cement at 'A(tha)'; Outlook Stable31 January 2013, Published under Cement NewsFitch Ratings (Thailand) Limited has affirmed The Siam Cement Public Company Ltd's (SCC) 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 SCC's well-diversified business which helps support cash flow generation, particularly during the difficult operating period of its chemical unit in the past two years, Fitch said in a statement. Likely strong cement and packaging ... |