Demand for cement in the Asean region is expected to rise further in 2017, according to Siam Cement Group (SCG) President and CEO, Roongrote Rangsiyopash.
Rangsiyopash argued cement demand would benefit from a cyclical upturn in the petrochemical industry and the continuous growth of the construction industry throughout the Asean.
Roongrote Rangsiyopash expressed his optimism during the Thai Conglomerate's annual stockholders meeting where he disclosed a registered profit of USD404m for the third quarter of 2016, a 57 percent increase from the previous year.
