Cement News tagged under: Thailand
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 ... |
Siam Cement profits recover in 4Q1230 January 2013, Published under Cement NewsSiam Cement (SCC) said its profits more than doubled in the 4Q12 after sales rebounded from flooding a year earlier and dividend income increased. Net income was THB6.91bn (US$231.7m), or THB5.8 a share, compared with THB3.20bn, or THB2.66, in the same period a year earlier, the company said in a statement. Siam Cement’s profit slumped in the 4Q11 as Thailand’s worst floods in almost 70 years shuttered factories and halted construction projects. Full-year earnings fell 14 per cent in 2012 ... |
Siam Cement in talks for European acquisitions15 January 2013, Published under Cement NewsSiam Cement is in talks to buy building materials, petrochemical business in Europe, according to its chief executive Kan Trakulhoon. Mr Trakulhoon told reporters that the company would invest about THB200bn (US$6.6bn) in five years from 2013, mainly in ASEAN countries. At least one fifth of that amount (THB40bn) will be spent in 2013, he added. Mr Trakulhoon, however, did not specify which companies Siam Cement will target. |
Holcim reduces stake in Siam City Cement, sells minority shareholding in Cementos Progreso21 December 2012, Published under Cement NewsHolcim has announced that it has reduced its stake in Siam City Cement Ltd (SCCC) of Thailand and has sold its minority shareholding in Guatemalan producer Cementos Progreso, contributing CHF375m (EUR310.6m) to the Holcim Leadership Journey programme. SCCC stake reduced Holcim Ltd has reduced its shareholding in SCCC from 36.8 per cent to 27.5 per cent. The shares have been purchased by Bangkok Broadcasting and Television Co, part of the Ratanarak Group, which will increase its shareho... |
Siam Cement sees strong demand into 201318 December 2012, Published under Cement NewsIncreased demand witnessed over 2012 in Thailand will continue rising well into next year, according to the head of the Siam Cement Group (SCG). "The momentum of demand growth stimulated by infrastructure projects will likely continue well into mid-2013," Kan , president and CEO of SCG, told the Bangkok Post. Recovering from the floods last year, YoY cement demand grew by only six per cent in this year's first quarter before of 2012 picking up with 10 per cent and 16 per cent increases... |
Siam City Cement to boost production, Thailand11 December 2012, Published under Cement NewsThailand’s Siam City Cement (SCCC) has said it will resume operations of two clinker lines from next year on the back of increased local demand. The company is also looking to construct its first cement plant outside of Thailand. Two of SCCC's six kiln lines have been shut down since the economic crisis in 2008. With local consumption now showing sound levels of recovery, Mr Arto said one kiln will reopen next October, which will add 10 per cent (1.4Mta) of capacity. The other kiln is due... |
Siam Cement Group to lift exports to Myanmar11 December 2012, Published under Cement NewsSiam Cement Group (SCG) of Thailand plans to boost exports of its Elephant brand cement to Myanmar and expand its distribution network in the Southeast Asian country, according to an official of the company’s local subsidiary. Speaking to the Myanmar Times, Soontornpol Veerapravati, managing director of SCG Trading, which is SCG’s subsidiary in Myanmar, said the company would export 2Mt there in 2013. However, this is just a one per cent increase over the 1.9Mt likely to be exported this ye... |