Cement News tagged under: Thailand
Yutong and SCG Cement Group sign MoU29 November 2022, Published under Cement NewsA Memorandum of Understanding (MoU) for Thailand’s first 5G+ autonomous driving smart green mine project has been signed between Chinese vehicle company, Yutong Mining Equipment, and SCG Cement of Thailand. The signing of the first green smart mine project in southeast Asia is an important achievement for Yutong Mining Equipment in the overseas market. Under the terms of the MoU, Yutong Mining Equipment will provide high-quality products and strong service support, joining hands with... |
Siam Cement sees sales advance 8% in 3Q2228 October 2022, Published under Cement NewsThailand-based Siam Cement Group (SCG) has reported sales of THB142,391m (US$3774m) in the third quarter of 2022, up eight per cent from THB131,825m in the same period a year earlier. According to the company, the increase has been driven by higher product prices. Net income over the same timeframe fell from THB6817m to THB2443m, while basic earnings per share from continuing operations declined from THB5.68 to THB2.04. In the opening nine months of 2022, sales came in at THB447,419m, ... |
TPI Polene posts 2Q22 sales growth of 21%25 August 2022, Published under Cement NewsTPI Polene posted a 21 per cent YoY growth in sales in the 2Q22 to THB12.5bn (US$346.2m) and 24 per cent growth in revenues to THB13.6bn, partly thanks to forex gains. Overall, the lower volume sales in some product categories were offset by price adjustments compensating for input costs that have been rising since late 2021. For the 1H22 sales reached THB25bn up 29 per cent YoY. The company’s gross profit and core operating margins, at 28.6 and 22 per cent respectively, were still l... |
Thai cement demand up 11% in May11 July 2022, Published under Cement NewsDomestic sales of Portland cement in Thailand increased 10.9 per cent MoM to 2Mt in May 2022 but when compared with May 2021, sales were down 16 per cent, according the Office of Industrial Economics. In the January-May 2022 period domestic sales declined 6.6 per cent YoY to 10.4Mt. Exports Exports in the first five months of 2022 declined 6.6 per cent YoY to 10.4Mt. Clinker exports increased 32.2 per cent yoY to 3.3Mt while exports of blended cement were up 24.2 per cent YoY to 68,300t. ... |
Siam Cement plant catches on fire11 July 2022, Published under Cement NewsPT Siam Cement Group ( SCG) factory on Jalan Palabuhan II, Sukabumi Regency, Thailand, has caught fire. The cause of the fire is not yet known. A number of vehicles and firefighters entered the factory area to extinguish the fire. There were no casualties in the incident. The President Director of PT Semen Jawa and PT Tambang Semen Sukabumi, Somchai Dumrongsil, confirmed the fire outbreak. |
Asia Cement’s SWAP08 June 2022, Published under Cement NewsThe trend for longer bags in baghouses requires cement plants to review their bag cleaning systems. Gas filtration specialist CTP Team recently installed its advanced SWAP technology at Asia Cement’s Pukrang plant in Thailand, which has improved the efficiency and reduced the cost of its bag cleaning system. By Roberto Binago, CTP Srl, Italy. Figure 1: SWAP technology compared with traditional bag cleaning technology In the cement sector, baghouses equipped with long bags are in... |
SCG looks to recover from disrupted markets11 February 2022, Published under Cement NewsSCG, a leading conglomerate from Thailand, found COVID-19 disrupted its markets at home and abroad in 2020-21. Its FY21 results continued to be impaired by the Omicron variant, but the company is pushing ahead with its Green Choice programme of investments and remains optimistic that it can benefit from the improved economic forecasts for domestic construction growth in 2022. SCG's FY21 results reported a four per cent decline in grey cement demand in Thailand. Residential, commercial a... |
Siam City Cement Group signs biodiversity MoU with IUCN21 January 2022, Published under Cement NewsSiam City Cement Group (SCCC Group) and the International Union for Conservation of Nature (IUCN) have extended their partnership for another three years by formalising a new Memorandum of Understanding (MoU). The MoU will support the implementation of the INSEE Sustainability Ambition 2030 plan, targeting Net Positive Impact (NPI) on biodiversity at sites where SCCC Group operates. The goal of the partnership is to avoid and minimise biodiversity loss to the maximum extent possible. Ov... |
Siam Cement to spend THB70bn on CO2 reduction measures13 December 2021, Published under Cement NewsSiam Cement Group (SCG) has vowed to spend THB70bn (US$2.08bn) on technological innovations to cut CO 2 emissions from its manufacturing by 20 per cent by 2030. The new investment is in line with the UN's Sustainable Development Goals (SDG), the Thai government's bio-, circular and green (BCG) economic model and environmental, social and governance standards (ESG), said Roongrote Rangsiyopash, president and chief executive of SCG. Once it hits the 2030 goal, SCG will continue to move ... |
Siam Cement's revenue surges 31% YoY28 October 2021, Published under Cement NewsThailand’s Siam Cement PCL has seen its net profit decline 30 per cent YoY in the third quarter of 2021, falling to THB6.82bn (US$205m), as it recorded lower demand and an asset impairment related to a plant in Myanmar. However, revenue from sales advanced 31 per cent YoY to THB31.83bn in the 3Q21, supported by its chemical business. |