Cement News tagged under: Thailand

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Siam Cement sells bonds, Thailand

15 October 2012, Published under Cement News

Siam Cement PCL, Thailand's largest industrial conglomerate by sales, Monday said it has sold a THB6.5bn (US$211.6m) seven-year bond to institutional investors. Upon issuance, Siam Cement will have THB126.5bn in outstanding bonds, the company said in a filing to the Stock Exchange of Thailand. The seven-year bond will have a coupon of 4.40 per cent, the company said in a separate filing to the Securities and Exchange Commission. (Source: Dow Jones Global Equities News)

Siam Cement awaits Myanmar investment law to proceed with plant

10 October 2012, Published under Cement News

Siam Cement Group of Thailand is waiting for Myanmar to pass its foreign investment law before proceeding with plans to build a 5000tpd cement plant in the country. Speaking to the Bangkok Post, Pramote Techasupatkul, president of SCG Cement said: "The proposed Myanmar factory is waiting for the authorities there to implement the new foreign investment law as well as for our project proposals to be approved.” Myanmar recently delayed the implementation of the long-awaited foreign inve...

Siam Cement partial tender offer for Siam Global

05 October 2012, Published under Cement News

Siam Cement PCLsaid it will launch a tender offer to purchase around a third of building materials distributor Siam Global House PCL from 5 October to 9 November, according to a filing to the Stock Exchange of Thailand Thursday. Siam Cement, Thailand's largest industrial conglomerate by sales, announced in late August a plan to acquire up to 33.40 per cent in Siam Global House through its wholly owned unit, SCG Distribution, for about THB10bn ($326.2 million). The investment includes the...

TRIS assigns TPIPL at BBB+/Stable, Thailand

03 October 2012, Published under Cement News

TRIS Rating Co Ltd has assigned the company rating of TPI Polene PLC (TPIPL) at BBB+ with stable outlook. The rating reflects a strong position of TPIPL in domestic cement market as the third largest cement producer, its leading status in LDPE Homopolymer (LDPE) and LDPE Copolymer (EVA), product diversification, expected benefits from cost saving initiatives, and currently low financial leverage. The rating is, however, partially offset by the cyclical nature of engineering and constru...

Siam Cement sees 10% rise in domestic demand, Thailand

14 September 2012, Published under Cement News

Siam Cement Group (SCG) expects domestic cement consumption to be double than its earlier forecasts for 2012 as demand is on the path of recovery. Kan Trakulhoon, the president and chief executive, said capacity utilisation at SCG, the country's largest cement maker, this year will be on a par with last year at 18Mt or 78 per cent of its overall production level. He said the company aims to achieve maximum cement production capacity of 23Mt within the next three years thanks to recover...

Gresik sets aside US$300m for regional expansion

31 August 2012, Published under Cement News

Indonesia’s largest cement maker, PT Semen Gresik, has US$300m to expand its business to the regional markets of Myanmar, Cambodia and Vietnam, the company’s chief executive Dwi Soetjipto has said. Speaking to the Jakarta Globe, he said: “Expansion overseas is still in the process.” Previously, Dwi indicated that the company was looking at acquiring stakes in cement producers in Malaysia, Myanmar, Vietnam and Thailand as it seeks to extend its regional reach. He also told the Investor ...

Siam Cement’s board approves investment budget, Thailand

30 August 2012, Published under Cement News

Thailand’s leading industrial conglomerate Siam Cement Group said its board has approved plans to invest about THB150-200bn (US$4.8-6.4bn) over the 2013-17 period. Most of the investments will be spent in Southeast Asia and existing projects. Speaking to reporters, CEO Kan Trakulhoon, said: "The board has approved the investment budget at the minimum of THB150bn. If we get a good deal (acquisition), we can extend the budget to THB200bn." Kan added that the company plans to announce an ...

Siam City Cement 2Q net profit falls, Thailand

06 August 2012, Published under Cement News

Siam City Cement Plc (SCCC), Thailand's second-largest cement producer, reported a 30.5 per cent drop in 2Q net profit  although sales increased by more than 12 per cent as operating margins were hurt by lower cement prices and higher energy costs. In a filing to the Stock Exchange of Thailand on 2 August, SCCC said its net profit totalled THB809m in the quarter to June compared to THB1.056bn a year before. Net sales, meanwhile, rose 12.2 per cent to THB6.49bn as domestic cement consumption...

Siam Cement plans Indonesian investment

26 July 2012, Published under Cement News

Siam Cement PCL, Thailand's largest conglomerate, has announced plans to invest around THB10bn (US$315m) to build a cement plant in Indonesia, President and Chief Executive Kan Trakulhoon said Wednesday. The planned investment is part of the company's five-year investment budget worth around THB200bn, Fox Business Reports, which is due to be proposed to the company's board for consideration in August, he said.

Siam Cement posts 43% drop in quarterly profit, Thailand

25 July 2012, Published under Cement News

Thai conglomerate Siam Cement posted a 43 per cent fall in quarterly profit due to weak demand and a drop in the value of its petrochemical inventories. During the April-June period, net profit of THB4.28bn (US$135m), down from THB7.49bn a year earlier. The company’s earnings are expected to improve in the second half when demand should improve on the back of rebuilding work as the country's economy recovers from severe floods last year that shut factories at carmakers and disk-drive manu...