Cement News tagged under: Thailand

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Thai SCG approvals proposals to buy out Vietnam tile firm

29 January 2016, Published under Cement News

Siam Cement Group (SCG) plans to wholly acquire Vietnam’s ceramic tile manufacturer. Siam Cement Group (SCG) has approved the proposal of its wholly owned subsidiary SCG Building Materials to acquire the remaining 15 per cent stake of Prime Group and related assets for THB2.19bn (US$61.24m), the Nation newspaper reported. SCG in December 2012 closed a deal to acquire an 85 per cnet stake in Prime Group, the largest ceramic tile in Vietnam, for THB7.2bn (~US$240m). SCG saw revenue up seven ...

Siam Cement posts 29% rise in 4Q net profit

27 January 2016, Published under Cement News

Siam Cement Plc posted a 29 per cent increase in fourth-quarter net profit as better earnings from its chemical unit outweighed weakness in cement and the building materials business. For 2015 Thailand's largest industrial conglomerate posted a 35 per cent rise in net profit of THB45.4bn (US$1.27bn) due to strong chemical earnings, while its sales fell 10 per cent to THB439.6bn due to lower chemical prices, it said in a statement. Last week Bualuang Securities cautioned that the Cement-Bui...

Siam Cement Group eyes Vietnam expansion

26 January 2016, Published under Cement News

Thailand's Siam Cement Group plans to expand its operations in Vietnam, especially in the cement and  petrochemical sectors. "Our target is that we must have a cement factory here, but by when we still cannot say. We're studying if we should invest on our own or through a joint venture," Dhep Vongvanich, SCG's Vietnam executive director, told The Nation newspaper. Meanwhile, Vongvanich added that SCG would continue with the construction of the US$4.5bn Long Son integrated petrochemical...

SCC Cement-Building Materials division facing near-term challenges

19 January 2016, Published under Cement News

Siam Cement Co (SCC) is expected to report good fourth-quarter earnings, but its Cement-Building Materials' (CBM) division is expected to come under pressure from depreciation expenses related to Asean cement plants and weaker consumption in its home market of Thailand, Bualuang Securities writes. The research house expects SCC to report a consolidated 4Q15 net profit of THB9.5bn, up eight per cent YoY and six per cent QoQ. The assumed YoY increase is due mainly to stronger Chemicals pe...

Thailand’s SCG to invest US$200m in Cambodia building materials sector

21 December 2015, Published under Cement News

Siam Cement Group (SCG) will invest US$200m to expand its operations in Cambodia between 2016-20. The company will focus on the cement and building materials sectors, which have strong potential to grow amid the Cambodian government's policy of ramping up infrastructure projects, said Kan Trakukhoon,  president and CEO of SCG. "SCG sees Cambodia as one of the more interesting Asean members, with a high economic growth rate," Mr Trakulhoon said.

Fives to supply Pillard burners to Siam Cement

16 December 2015, Published under Cement News

Fives has recently been awarded a new contract by Siam Cement Group (SCG) to supply two Pillard NovaFlam® burners to equip the cement kilns at the Taluang plant in Thailand. This is the first time SCG has selected the Pillard NovaFlam® technology. The decision was based on Fives' expertise in Thailand, the equipment supplier highlighted. Fives added: "A multi-channel burner for rotary kilns for cement plants, Pillard NovaFlam® is easy to adjust and user friendly, with a high impulse effic...

SCG anticipates challenging 2016 start

02 December 2015, Published under Cement News

Next year is expected be challenging for Siam Cement Group’s Cement and Building Materials, as the domestic market is facing the threat of new supply, according to management. Bualuang Securities hosted the SCG Dinner Talk on Friday, the key speakers of which were SCC's next CEO, Roongrote Rangsiyopash (effective January 2016), and CFO, Chaovalit Ekabut. During the event, management said domestic demand for cement in 1H16 is not expected to grow strongly enough to absorb new supply from T...

SCG renames Tra Chang building materials line

20 November 2015, Published under Cement News

Siam Cement Group has renamed its Tra Chang building materials line as SCG in a bid to strengthen its branding in the Asean market as well as globally. "Our stepped-up competition in the Asean regional league will be spearheaded by quality and innovation as the unique selling propositions of our building materials," Nithi Patarachoke, vice president of SCG Cement-Building Materials, told local press. "The SCG brand is very well recognised for its innovation excellence, so this rena...

SCC Asean expansion on track

18 November 2015, Published under Cement News

Thailand's largest cement producer Siam Cement Co (SCC) said it is on course to bring 6.3Mta of new cement capacity online in its key target markets of Cambodia, Indonesia, Myanmar and Laos between 2015-17. In an update on its strategy for its cement & building materials unit, reported on by SCB Securities in The Nation (Thailand), SCC said the investment programme is expected to not only provide SCC with high demand growth and a good margins but also offer a borderless network, lower logis...

Fitch Ratings – infrastructure to boost Thai demand

17 November 2015, Published under Cement News

Fitch Ratings says demand for cement and building materials in Thailand will accelerate with the government's planned infrastructure investments over the near term. However, a slow recovery of demand from the residential segment should soften the pace of overall demand growth in 2016. The infrastructure investments will continue to be a key driver for cement and building materials over the next few years. The accelerated project implementation in rails, roads, harbours, and airports is wo...