Cement News tagged under: Thailand
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... |
Thailand's Siam Group to establish Banten cement plant, Indonesia05 December 2012, Published under Cement NewsThailand’s largest cement producer Siam Cement Group plans to establish a cement plant in the Lebak district of Indonesia, Banten province, according to media reports. Banten is the westernmost province of Indonesia on the island of Java "We project cement production to reach 6000tpa from PT Gama Group and Siam Cement Group which will operate as of 2013," chief of the Lebak District Integrated Licensing Service Office (KPPT) Hari Setiono told Antara News. The KPPT chief said that the provi... |
Thailand: SCCC reports net profit dip of 8.8% on weak prices16 November 2012, Published under Cement NewsSiam City Cement Plc reported a drop in net profit for the third quarter and the first nine months due to weak prices even though sales have surged. Third-quarter net profit fell 8.8% YoY to THB792m (US$25.7m), while revenue grew 7.7% to THB6.59bn. For the nine-month period, net profit fell 5.3% from a year earlier to THB2.88bn as revenue increased 10.8% to THB20bn, according to SCCC's filing to the Stock Exchange of Thailand. ''Strong cement consumption driven by infrastructure project... |
Thailand: cement consumption rises by 12% in 201215 November 2012, Published under Cement NewsCement consumption this year is on track to surpass the target of 8-10% thanks to continued government investment in mass transit projects, says the Thai Cement Manufacturers Association (TCMA). The grouping of all eight local cement producers now expects consumption will grow by 12% over last year's 25.5Mt. The TCMA website pointed out that 12% growth would be triple last year's rate. "Strong growth is expected this year due to continuous large infrastructure construction, particularly... |