Cement News tagged under: Thailand
Siam Cement puts chemicals IPO on hold30 August 2023, Published under Cement NewsThailand-based Siam Cement has announced that it is postponing the initial public offering (IPO) of its SCG Chemicals business. According to Reuters News, the decision is due to unfavourable market conditions but the company plans to proceed with the IPO once conditions improve. The IPO approval date has been extended until 4 October 2023 but cannot be extended any further after that date. The company has reported a seven per cent YoY decline in its shares this year. Thailand has als... |
Unlocking opportunities07 August 2023, Published under Cement NewsThailand’s dumpsites contain close to 190Mt of low-quality plastic waste, comprising mainly degraded and aged materials that pose challenges in terms of economically viable recycling methods. SINTEF looks at the potential opportunities offered by co-processing in the cement industry. By Anneli Alatalo Paulsen, Dr Kåre Helge Karstensen and Palash Kumar Saha, Foundation for Scientific and Industrial Research (SINTEF), Norway. Figure 1: the Bor Ngern dumpsite in Thailand Plastic’s ... |
Siam Cement receives world's largest battery production facility28 June 2023, Published under Cement NewsRondo Energy, in partnership with Siam Cement Group (SCG),has announced plans for the world's largest battery production facility of any kind at 90GWh/year, with 2.4GWh/year already online. This is a game-changer in the world of decarbonisation technologies, resulting in carbon savings equivalent to removing 4m cars from the road each year (or adding 2m EVs), claims Rondo Energy. "Rondo Energy, developer of the Rondo Heat Battery, announced it has partnered with Siam Cement Group to ... |
SCG reports domestic cement sales of THB50,800m in 1Q2310 May 2023, Published under Cement NewsSCG reported its operating results for the 1Q23, showing a recovery across all business units, with increased sales and profits boosted by the revival of tourism and China’s border reopening. SCG’s total assets as of 31 March 2023, amounted to THB923,725m (US$27,414m), of which 44 per cent represented assets in ASEAN (excluding Thailand). The Cement-Building Materials segment recorded sales revenue of THB50,800m. The result was “increasing by three per cent QoQ and similar to the sa... |
SCG reports 7% increase in revenue24 February 2023, Published under Cement NewsThe Siam Cement Public Co Ltd (SCG) reported a 14 per cent drop in sales revenue to THB122,190m (US$3510.1m) in the 4Q22 when compare with the 4Q21. The company’s EBITDA fell by 53 per cent YoY to THB10,122m while profit was down by 98 per cent YoY to THB157m. The results were affected by lower chemicals product prices and volume driven by softer demand. In the 2022 financial year, sales revenues increased seven per cent YoY to THB569,609m, supported by the company’s Packaging and Ce... |
Sublime Systems secures funding for low-carbon cement18 January 2023, Published under Cement NewsUS-based Sublime Systems has raised US$40m to develop new technology to produce low-carbon cement. According to Bloomberg, Sublime has come up with a process that reduces energy use and carbon emission by splitting the cement-making process into two parts. The first step is the production of calcium in a form that will chemically react with silicon, the key element in sand. Sublime reduces energy use and carbon emissions in this step by avoiding limestone and using electricity rather tha... |
Sarawak considers importing cement from Thailand23 December 2022, Published under Cement NewsThe Borneo-based Sarawak Economic Development Corp (SEDC) and the Bintulu Development Authority (BDA) are planning to create a joint venture to import cement from Thailand to address the supply shortage in the state of Sarawak. According to the Borneo Post Online, imports could total 0.5-1Mt from 2023. SEDC and BDA visited Siam Cement Group (SCG) in Bangkok recently to discuss the proposal. Due to the shortage of cement in Sarawak, cement prices in the state are 15 per cent higher tha... |
Siam Cement Group invests THB100bn in environmental performance16 December 2022, Published under Cement NewsSiam Cement Group has laid out its investment plans for the next five years, showing a strong emphasis on environmental issues and moving towards establishing circular economies. The company announced that it will invest THB100bn (US$2.89bn) through the end of 2027 in areas such as renewable energy, while also continuing efforts to decarbonise its main building materials and chemicals businesses. SCG plans to strengthen its position in manufacturing materials for solar power generation... |
Siam Cement Group enters JV for new ACC plant09 December 2022, Published under Cement NewsThailand-based Siam Cement Group (SCG) has entered into a joint venture (JV) with India’s BigBloc Construction (BCL) to build a greenfield plant to manufacture aerated autoclaved concrete (AAC) blocks and AAC panels. The JV, known as Siam Cement BigBloc Construction Technologies, is 52 per cent controlled by BCL and 48 per cent controlled by SCG. The new works marks an investment of INR650m (US$7.9m), according to Financial Express, and will be located in the Kheda district, near Ahmed... |
Thailand looks to Philippines for exports07 December 2022, Published under Cement NewsThe Philippines government has decided not to extend a tax on imports of cement. The levy on imported cement was first introduced on 22 October 2019 for three years. In the first year the tax was PHP250/t (US$4.5/t), which then fell to PHP245/t in the second year and PHP200/t in the third year. With the tax due to expire on 21 October 2022, the Philippine Tariff Commission began an enquiry in February this year as to whether the tax should be extended or not. According to rules set out by... |