Cement News tagged under: Thailand
SCG predicts Thai cement consumption will recover in 201726 January 2017, Published under Cement NewsDespite 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 lines23 January 2017, Published under Cement NewsItaliab-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 mill17 November 2016, Published under Cement NewsSiam 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 201811 November 2016, Published under Cement NewsVientiane 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 ... |
Thailand: SCCC profits shrink31 October 2016, Published under Cement NewsSiam City Cement Co (SCCC) posted a smaller profit for 9M16 as a result of higher financing costs, spending on acquisitions and annual shutdowns. CEO, Siva Mahasandana, said the net sales for 9M16 stood at THB24.8bn (US$708.4m), a five per cent increase from the THB23.7bn registered in the same period of 2015. Net profit fell 16 per cent YoY from THB3.6m to THB3m in the period under review. SCCC recently acquired a Sri Lankan cement manufacturer Holcim (Lanka) Ltd with the deal complet... |
Thailand: SCG sees cement revenues fall 19% in 3Q201627 October 2016, Published under Cement NewsSiam Cement Group (SCG) has announced that in the third quarter of 2016 profits rose by 57 per cent YoY, but at the company's cement and building materials division they saw a decline of 19 per cent. For the nine months to the end of September 2016, SCG’s profits are up 28 per cent on the same period last year, but cement division profits are down 13 per cent. Siam Cement Group has seen revenues decline across the board, but its chemical division has been helped by the fall in oil prices ... |
Vietnam: 2016 sales goal looks unlikely24 October 2016, Published under Cement NewsConcerns have arisen that the Vietnamese cement industry will struggle to meet its sales target of 75-77Mt this year as a result of ‘market difficulties’, as reported by Viet Nam News. The 2016 target is 3.2-6 per cent higher than 2015. To meet this target a minimum of 20Mt will need to be sold in the fourth quarter, amounting to 7Mtpm. Chairman of the Vietnam Cement Association, Nguyen Quang Cung, said meeting the target would be hard, citing the decrease in exports as a key factor. A... |
Vietnam: multiple mergers and acquisitions05 September 2016, Published under Cement NewsSiam City Cement (SCCC) is set to purchase 65 per cent of the stakes in LafargeHolcim Vietnam in a deal valued at US$524m. The acquisition is due to be completed in the 4Q once all administrative procedures are completed. This is not the first Thai purchase of Vietnamese cement operations. In 2012 SCG Cement bought Buu Long cement plant in the Dong Nai province. SCG has been developing multiple projects in the country, purchasing stakes in a range of building materials manufacturers,such ... |
Siam City Cement targets regional expansion05 August 2016, Published under Cement NewsIn the last few weeks, Thailand's second-largest cement producer, Siam City Cement (SCCC), has made a significant series of acquisitions to expand its overseas cement portfolio, including its capture of Cemex Bangladesh , Holcim Lanka and a 65 per cent share of LafargeHolcim Vietnam . A stimulus for the increased acquisition plans came when Holcim sold its shares in the Thai cement producer in March 2015, enabling Singapore-based Jardine Cycle & Carriage to buy a 24.9 per cent share i... |
Siam City Cement to acquire Holcim Lanka25 July 2016, Published under Cement NewsSiam City Cement (SCC) has signed a deal to buy Sri Lankan cement company Holcim Lanka Ltd for US$400m. The acquisition will turn SCC into the market leader in Sri Lanka. SCC is anticipating that the acquisition of the 98.95 per cent stake in Holcim Lanka will be completed within two weeks of the date of agreement, while LafargeHolcim have said the transaction will be completed in 3Q16. SCC will use credit facilities from Bank of Tokyo-Mitsubishi UFJ to fund the purchase. This latest ... |