Cement News tagged under: Thailand

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Thai King increases stake in Siam Cement

19 June 2018, Published under Cement News

Thailand’s King Maha Vajiralongkorn Bodindradebayavarangkun has increased his stake in Siam Cement Group from 0.8 per cent to 30.8 per cent, and has become the top shareholder. King Vajiralongkorn took over all of the shares previously controlled by the Crown Property Bureau (CPB), an entity that manages royal assets, according to Nikkei. The transfer will not result in any change to the operations of the company. Alongside Siam Cement, King Vajiralongkorn also assumed control over the CPB...

Siam Cement to appoint a new director

15 March 2018, Published under Cement News

Air Chief Marshal, Satitpong Sukwimol, a close aide of Thailand’s King Vajiralongkorn, is awaiting shareholder approval to become a director of Siam Cement Group (SCG). Mr Sukwimol has previously served on the board of the national flag carrier, Thai Airways International from 2009-13. More recently, he was appointed director-general of the Crown Property Bureau on Sunday. The multibillion-dollar royal property management organisation manages the assets of the king, including stakes in SC...

Siam Cement record revenue increase in 2017

14 February 2018, Published under Cement News

Siam Cement has released its financial results for the full-year period ended 31 December 2017. Revenue reached THB450.9bn (US$14.34bn), an YoY increase of six per cent from THB423.4bn. Net profit fell two per cent to THB55bn from THB56bn of 2016, due to weakness in the domestic cement and building materials operations. However, EBITDA advanced four per cent to finish at THB102bn. In the 4Q17 the company recorded a significant 14 per cent YoY increase in revenue to THB113,400. Net profit ...

SCG cement revenues up 6%

24 January 2018, Published under Cement News

Thai conglomerate Siam Cement Group (SCG) saw a 14 per cent YoY rise in consolidated sales in 4Q17 to THB113.4bn, as growth in the Packaging business offset a slight decline in the Chemicals division, reports the company. Consolidated EBITDA advanced by seven per cent YoY to THB26.593bn. Revenues from SCG’s Cement-Building Materials in 4Q17 increased six per cent YoY to THB43.372bn due to the contribution of the expanded ASEAN operations. However, EBITDA was impacted by the weakness in th...

SCG Cement sees 8% rise YoY from sales in Vietnam

06 November 2017, Published under Cement News

SCG Cement’s revenue from sales in Vietnam has seen an eight per cent rise YoY to VND6.88tn (US$309m) for 3Q17. The company’s revenue from selling high-valued products reached VND87.13tn for 9M17, which is a rise of seven per cent YoY and represents 39 per cent of the group's total revenues. In addition, the company invested VND1.6tn in research and development activities in the first nine months of 2017, according to Roongrote Rangsiyopash, the company's president and CEO.

Siam City sees weaker domestic demand

07 August 2017, Published under Cement News

Siam City Cement Co recorded an 80 per cent decline in second-quarter net profit with the fall being attributed to rising costs and weaker demand in its home market of Thailand. Revenue during the 2Q17 rose by 39 per cent to THB10.8bn (US$324.4m) compared to the same period of last year but net profit fell to THB246m from THB1.2bn a year earlier. For the first half of the year, total revenue was up by 34 per cent to THB21.4bn. President and chief executive of SCC Siva Mahasandana said the ...

SCG revises down full-year outlook

28 July 2017, Published under Cement News

Siam Cement Group's (SCG) has revised down its sales growth outlook for 2017 as net profits in cement and building materials fell by 29 per cent YoY in the 2Q17. Speaking to reporters in Bangkok on Tuesday, SCG chief executive, Roongrote Rangsiyopash, said the Thai cement market slowed more than the company expected in the period. Domestic cement sales by volume were down seven per cent YoY in the three months to the end of June, following a seven per cent fall the previous quarter. Demand...

Delays in offloading clinker at Chittagong following marine incident

29 June 2017, Published under Cement News

Delays in the offloading of clinker have been experienced at Bangladesh's Chittagong Port after bulk carrier Ocean Phoenix, laden with 45,000t of clinker on board, started to drift on the outer anchorage, after her anchor dragged. The vessel then made contact with the anchored stern of bulk carrier Green Phoenix, which was also loaded with 54,500t of clinker. Both vessels sustained damages, and are being surveyed and repaired followed by complete offloading, according to industry sources ...

Insee Aggregates selects Metso to supply aggregate processing plant

24 May 2017, Published under Cement News

Insee Aggregates, part of Siam City Cement Co, has selected Metso to supply a full-scope, state-of-the-art quarry processing plant for the Suphanburi Quarry in Thailand. The delivery covers all the advanced crushing and screening equipment, full electrical plant design, automation software and hardware, as well as related services and sustainable optimisation. The quarry has a large proven resource. After its completion, the plant will have an estimated production capacity of 2Mta. The in-...

Siam City Cement collaborates with NIIT Technologies

28 April 2017, Published under Cement News

Siam City Cement Co (SCCC) of Thailand has partnered with global IT solutions organisation NIIT Technologies Ltd to build its future-ready IT infrastructure. Supporting the digital transformation for SCCC, NIIT Technologies has designed, delivered and is operating its private and public cloud infrastructure. SCCC’s digital journey is driven by INSEE Digital, its IT subsidiary started with INSEE Smart program. The program focussed on deploying Asia’s first SAP S4 HANA hybrid cloud IT infras...