Cement News tagged under: Thailand
Siam Cement to issue bonds in March, Thailand21 February 2012, Published under Cement NewsSiam Cement PCL of Thailand plans to issue up to THB25bn worth of bonds to existing bond holders and the public, Dow Jones News reports. The bonds, worth a four-year maturity, will carry a coupon rate of 4.15 per cent, the company said in a filing to the Securities and Exchange Commission on Monday. The bonds will be open for subscription during 1-9 March 2012 and during 26-30 March 2012, Siam Cement said. Siam Commercial Bank PCL, Bangkok Bank PCL, Kasikornbank PCL, Krung Thai Bank... |
Consumption in Thailand to rebound on building reconstructions13 February 2012, Published under Cement NewsPresident Pramote Techasupatkul said the government should act quickly and accelerate infrastructure projects after suspending some in last year's fourth quarter when severe flooding hit Bangkok. "Consumption in the commercial segment is expected to rebound substantially on reconstruction of buildings and industries after the floods," said Mr Pramote. He said while home repair activity has risen during these past two months, it requires only a small amount of cement. "We expect that de... |
Fitch revises Siam Cement's outlook to stable10 February 2012, Published under Cement NewsFitch Ratings (Thailand) Limited has revised Siam Cement Public Company Limited's (SCC) Outlook to Stable from Positive. The ratings have been affirmed at National Long-term 'A(tha)' and National Short-term 'F1(tha)'. The agency has also affirmed SCC's senior unsecured debenture at 'A(tha)'. In addition, Fitch has assigned SCC's new senior unsecured debentures No.1/2012 due 2016, amounting up to THB25bn, a National Long term 'A(tha)' rating. The proceeds from the new issue will be used to re... |
Siam City Cement 2012 growth forecast06 February 2012, Published under Cement NewsSiam City Cement Co (SCCC), Thailand’s second largest cement producer, posted 4Q11 net profit of THB252m, down 55.3 per cent YoY and 70.9 per cent QoQ. The decline is attributed to lower export sales and higher operating costs due to the Thai flooding, extra expenses from deferred tax adjustments of THB291m and extra expenses from reassessment of employees' pension of Bt150m. For 2012, analysts at TISCO Securities expect Siam City Cement’s profit to rise 27 per cent thanks to expected five ... |
Siam Cement eyes Myanmar investment18 January 2012, Published under Cement NewsThailand’s Siam Cement Group (SCG) said it is studying the possibility of investing in a cement plant in Myanmar, company President and CEO, Kan Trakulhon said. Mr Trakulhoon was quoted by the Bangkok Post as saying that SCG has been studying options in the neighbouring country for almost two year years now. "Still, the investment depends on the Myanmar government's investment promotion policies and the policy on limestone mine ownership," Mr Kan said. SCG currently exports cement to Myan... |