Cement News tagged under: Thailand
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 ... |
Indonesia: SCG Indonesia's sales revenue up 18% YoY04 July 2016, Published under Cement NewsSCG Indonesia, a subsidiary of the Thai cement conglomerate Siam Cement Group (SCG), saw its sales revenue increase 18 per cent YoY to IDR1.39trn (US$103m) in the first quarter, mainly from cement sales. SCG Thailand reported that revenue from SCG Indonesia's sales contributed 3.43 per cent of the company's profits in the first quarter, which was equivalent to US$3bn, according to a company statement. "For the ASEAN [Association of Southeast Asian Nations] region, where economic growth con... |
SE Asia towards oversupply?20 June 2016, Published under Cement NewsThe southeast Asian cement market has seen rapid demand growth in recent years. Backed by favourable macroeconomic trends, it is likely to remain one of the fastest-growing cement markets. Many cement producers, both local and international, performed very well in this region and are keen to expand their existing capacity, while for others entering these enticing markets has become a priority. By The Jakarta Advisory Group, Indonesia. Fast-growing southeast Asian markets are attractin... |
Thailand: Asia Cement wants mine issue resolved17 June 2016, Published under Cement NewsAsia Cement Plc has set up talks with the Industry Ministry to try to resolve its revoked licence to operate a limestone mine, reports the Bangkok Post. Asia Cement was granted a licence to operate a limestone mine in Nakhon Si Thammarat province in 1997, expecting the mine would help increase its cement production to meet rising demand in the south. However, in 2015, the Ministry of Natural Resources and Environment's Forestry Department issued an order announcing the area was a con... |
Vietnam's new Master Plan13 June 2016, Published under Cement NewsVietnam is having to rebalance its cement output with expected market demand. While there have been limitations on the creation of new plants, there is now strong evidence for the government to encourage the construction of larger plants while phasing out the less economical smaller units. By Hai Khieu, StoxPlus, Vietnam. Vietnam is seeking to rebalance its cement and clinker supply to demand. This could take a decade to implement, says StoxPlus The overheated expansion of Vi... |