Cement News tagged under: Thailand
TPI Polene claims waste-fuelled power is unsustainable07 November 2018, Published under Cement NewsTPI Polene has complained about the quality of national waste sorting in Thailand. The company has invested about THB4bn (US$121.9m) in waste-fuelled power plants. But high operational costs, including sorting, make the waste-to-energy business unsustainable, says the Thai cement producer. The lack of sorting means that Thailand's wet and damp waste can only generate about 1200kcal of energy when it is burned in the cement kiln. Japanese cement kilns generate 4000kcal from sorted waste f... |
SCG announces 7% increase in revenue25 October 2018, Published under Cement NewsThailand’s Siam Cement Group (SCG) has announced a seven per cent YoY increase in revenue to THB361bn (US$10.95bn) for the first nine months of 2018. However, profits fell 19 per cent to THB34.3bn mainly due to reduced performance in the chemicals business and asset impairments in the third quarter. The company’s revenue from exports advanced seven per cent to THB97.9bn in the 9M18, accounting for 27 per cent of total revenue. "The year-to-date contraction was as result of rising raw mater... |
Siam Cement's 2Q18 profits down 6%26 July 2018, Published under Cement NewsSiam Cement posted a six per cent drop in second-quarter profit on Wednesday, hurt by weak seasonal cement demand and its chemical business. Revenue from the cement and building materials business increased five per cent to THB44.6bn (US$1.34bn) due to demand from Vietnam, Indonesia and the Philippines but was held back by weak demand in Thailand. Profit came in at THB12.4bn for the three months ended June, compared with THB13.2bn a year earlier. Siam Cement's revenue rose 11 per cent i... |
Thai King increases stake in Siam Cement19 June 2018, Published under Cement NewsThailand’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 director15 March 2018, Published under Cement NewsAir 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 201714 February 2018, Published under Cement NewsSiam 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 NewsThai 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 Vietnam06 November 2017, Published under Cement NewsSCG 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 demand07 August 2017, Published under Cement NewsSiam 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 outlook28 July 2017, Published under Cement NewsSiam 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... |