Cement News tagged under: Thailand
SCG reports 6% fall in revenue in the 1Q2030 April 2020, Published under Cement NewsThailand’s Siam Cement Group (SCG) has seen a six per cent YoY drop in revenue to THB105bn in the first quarter of 2020. Profit decreased 40 per cent YoY to THB6.97bn, due to the declining performance of its chemicals business on the back of decreased product margins. The company’s cement building materials segment reported a four per cent YoY decline in revenue to THB46.2bn, attributed to lower sales in the domestic market. Profit was also down two per cent YoY to THB2.7bn, but improved ... |
Siam City to wind down production at Saraburi17 April 2020, Published under Cement NewsThailand’s Siam City Cement will begin to close its Saraburi plant from 1 May as cement demand falls due to the COVID-19 pandemic, according to The Nation: Thailand. The company has reportedly seen a reduced amount of orders and therefore will wind down production and labour at Factory 1 from 1 May. However, it is expected to move employees to other plants or allow them to leave by mutual consent. |
Asia’s plastic potential09 March 2020, Published under Cement NewsWith the highest consumption of plastic in the world and representing two-thirds of global cement production, five Asian countries provide the opportunity to address the worldwide issue of non-recyclable plastic waste. By Dr Kåre Helge Karstensen, Palash Kumar Saha, Eirik Vigerust, Anneli Alatalo Paulsen, Dr Christian John Engelsen and Dr Mehdi Ahmadi, SINTEF, Norway. Collection of plastic in Binh Duong, Vietnam, January 2020 A total of 6.3bnt of plastic waste was created global... |
SCG sees 14% revenue increase from Cambodian operations04 February 2020, Published under Cement NewsThailand's Siam Cement Group has reported a 13.9 per cent YoY increase in sales revenue from its Cambodian operations in 2019, rising to US$451m from US$396m in the previous year. In the final quarter of 2019, sales advanced 17 per cent YoY to US$114m, driven by its cement and construction materials business, according to a press release. "Cambodia's economy continued to achieve robust growth during the fourth quarter of last year. The construction sector remained healthy thanks to publi... |
Siam Cement sees 32% decline in profit for the 4Q1929 January 2020, Published under Cement NewsThailand’s Siam Cement has seen a 32 per cent YoY decrease in profit to THB7.1bn (US$230.3m) for the October-December 2019 period. Overall revenue fell nine per cent YoY to THB106.18bn. Revenue from its cement and building material segment was down one per cent at THB45.14bn, due to lower sales in markets outside of southeast Asia, according to the company. Elsewhere, revenue from its chemicals business fell 23 per cent to THB41.35bn. For the full-year 2019, Siam Cement saw a 28 per ce... |
Siam Cement reports 35% fall in net profit07 November 2019, Published under Cement NewsThailand’s Siam Cement has reported a 35 per cent fall in net profit to THB6.20bn (US$205m) for the 3Q19. However, revenue rose eight per cent YoY to THB110.33bn. Revenue from its chemicals business decreased 24 per cent YoY to THB44.05bn, while revenue from its cement and building material segment was down two per cent to THB45.32bn. The company attributed the results to the lower contribution from its chemical business and weaker demand for its products amid the US-China trade war. |
Ocean plastic: an opportunity in the circular economy?15 October 2019, Published under Cement NewsInitiatives are under way to address the global issue of plastics litter in the oceans. Norway’s SINTEF highlights the use of co-processing in the Ocean Plastic Turned into an Opportunity in Circular Economy project. By Dr Kåre Helge Karstensen, Palash Kumar Saha, Eirik Vigerust, Anneli Alatalo Paulsen, Dr Christian John Engelsen and Dr Mehdi Ahmadi, Foundation for Scientific and Industrial Research (SINTEF), Norway. Mining of plastic wastes at a dumpsite in Thailand. Image credit: Kå... |
SCG looks to increase use of blockchain solution21 August 2019, Published under Cement NewsSiam Cement Group (SCG) is looking to roll out its Procure to Pay blockchain solution for payment and procurement methods to 2400 suppliers by 2020, according to the Bangkok Post. Thammasak Sethaudom, vice-president for finance and investment, has said that the company must transform its operations to chase the fast-moving blockchain trend. "Our platform has helped suppliers reduce their processing times by 50 per cent from 70min to 35min per purchase order," said Mr Sethaudom. SCG invest... |
Cemtech travels to Thailand05 August 2019, Published under Cement NewsOver 200 delegates converged on the Avani+ Riverside hotel in Bangkok, Thailand, to participate in this year’s Cemtech Asia conference and exhibition. At a time when global regulations on emissions are tightening, the conference programme considered pathways to a low-carbon future for the Asian cement sector. The presentation programme featured an extensive range of regional cement market reports Thomas Armstrong, managing editor of International Cement Review, began the Cemtech... |
Siam City Cement’s smart move18 June 2019, Published under Cement NewsSiam City Cement Public Co Ltd (SCCC) has deployed extensive network infrastructure and wireless connectivity at its cement works in Saraburi province, Thailand, to create the country’s first smart plant. By Siam City Cement, Thailand The remote operations centre serves as a central hub for information gathering and communication Thai producer Siam City Cement Public Co Ltd’s (SCCC) ‘Digital Connected Plant’ plan involves applying digital technology to its cement plants to bring... |