Cement News tagged under: Thailand

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Siam City Cement plans refinancing bond

28 March 2017, Published under Cement News

Siam City Cement, Thailand’s second-largest cement producer, has been on the road to meet fixed-income investors for a planned sale of THB13bn (US$377.8m) bond. The proceeds are expected to refinance maturing debt, including bridging loans for acquisitions in Sri Lanka and Vietnam. The company had obtained a THB18.9bn 12-month bridging loan to purchase a 65 per cent stake in Holcim Vietnam in January. That was in addition to a US$400m 12-month bridging loan raised in August to acquire Holc...

SCG Cement buys Vietnam Construction Materials

07 March 2017, Published under Cement News

Siam Cement Group’s wholly-owned subsidiary SCG Cement-Building Materials Co has acquired 100 per cent of Vietnam Construction Materials JSC, an integrated cement operator in central Vietnam. The US$440m enterprise value of this transaction includes net debt and additional efficiency improvement investment in the acquired assets. This deal brings SCG’s cement capacity across ASEAN outside Thailand to 10.5Mta, relative to its 23Mta capacity in Thailand.

Thailand: Siam City Cement to focus on malta cement

06 March 2017, Published under Cement News

Siam City Cement Plc is looking to expand its production of malta cement to gain better returns from expected market growth driven by increased infrastructure spending in Thailand.  Siam City Cement forecasts that the domestic cement market will expand by 1-3 per cent this year and it is focussing on special grade 'malta cement' which is designed for types of road, railways and reservoirs, said Mr Kajornsak Manosupsak. The production of malta cement will give the company a higher p...

Thailand: Siam City Cement profit down 14.5 %

14 February 2017, Published under Cement News

Siam City Cement (SCC) reported a 2016 net profit of THB3.9bn (US$111.45m), down 14.5 per cent YoY due to difficult trading conditions in Thailand. One-time costs of THB304m associated with acquisitions offset by favourable coal prices, electricity tariff rates and the sale of its stake in Holcim Cement (Bangladesh) Ltd also contributed to the profit drop. Siva Mahasandana, CEO of SCC, said the company's strategy to expand the business through key investments in Thailand and nearby reg...

Vietnam notes fall in exports in 2016

06 February 2017, Published under Cement News

Vietnam exported 14.73Mt of cement in 2016, down 7.1 per cent YoY, according to the General Department of Vietnam Customs. Export revenues fell 16 per cent YoY to US$561m. In December the country exported 1.31Mt of cement and clinker to the value of US$50.58m, increasing 7.7 per cent and 10.4 per cent MoM in volume and value, respectively. Key destinations of cement and clinker exports were Bangladesh and the Philippines. Bangladesh imported 4.7Mt, representing a value of US$141m or 25...

Thailand: Siam Cement launches logistics firm

31 January 2017, Published under Cement News

Siam Cement Group (SCG) has partnered with Yamato Asia to launch logistics firm SCG Express with an investment budget of THB633m (US$17.9m). Nithi Pattarachoke, vice-president for the domestic market at SCG, said the trend towards e-commerce and a digital economy prompted the cement conglomerate to capitalise on the movement. SCG Express offers a range of delivery services such as temperature-controlled delivery and express office-to-office delivery. The company will initially serve...

SCG predicts Thai cement consumption will recover in 2017

26 January 2017, Published under Cement News

Despite a disappointing performance in 2016, Siam Cement Group believes that demand in the Thai market will recover in 2017, reaching some 40Mt, the Bangkok Post reports. In figures released for the fourth quarter of 2016, SCG revealed that domestic demand fell three per cent YoY. For 2016 as a whole, demand fell by two per cent. The company also saw a decline in exports, shipping 2.6Mt of cement and 1.1Mt of clinker in 2016. In the previous year, the corresponding figures were 3.6Mt a...

Thai cement producer orders MSW recycling lines

23 January 2017, Published under Cement News

Italiab-based recycling equipment supplier Forrec has recently delivered two crusher recycling lines for the treatment of municipal solid waste to a cement plant customer in Thailand, with another four lines expected for 2017. These complete systems, which include the Forrec FR5000 series multi-crusher, the largest model in the range, are to clear local landfill sites. The end product will be used as fuel for a major Thai cement company. The multi-crusher can handle up to 80tph...

Thailand: Siam Cement orders versatile Loesche mill

17 November 2016, Published under Cement News

Siam Cement Public Co Ltd (SCG) has contracted Loesche to deliver a new vertical roller mill (VRM) of the type LM 56.3+3 CS for its Kaeng Khoi cement plant.   The mill will produce medium-fine cement qualities and is designed for grinding clinker, gypsum and limestone. SCG will be able to quickly switch between different products and qualities with the new mill enabling the company to produce a wide range of different cement types, as well as varying product finenesses, thus making it easier...

Laos: 5000tpd plant to be completed by 2018

11 November 2016, Published under Cement News

Vientiane Hongshi Saythirath Cement Co is due to begin construction on its new 5000tpd dry-process plant in Vientiane’s Hinhuep district, with completion estimated for 2018. The project represents an investment of US$300m. Vientiane Hongshi Saythirath Cement is owned by China-based Hongshi Holding Group, which holds a 70 per cent share, while Saythirath Group, Laos, commands the remaining 30 per cent. The new plant will focus its exports on Thailand, with the remainder of supply being ...