Siam Cement expects to report increased profits in the third quarter. Although increased oil prices have meant higher expenses for cement production, demand has also increased. The prices of most of the products Siam Cement sells have risen considerably, especially petrochemicals. Siam Cement believes its annual growth rate will be higher than the earlier prediction of ten per cent.
Siam Cement does not intend to acquire any other cement companies in the near future. Siam Cement is producing at 75 per cent of capacity and will not need to expand for at least five years. In the first half of this year Siam Cement reported net profits of 15 billion baht on sales of 89 billion baht.
