Cement News tagged under: Thailand
Thailand’s SCG to invest US$200m in Cambodia building materials sector21 December 2015, Published under Cement NewsSiam 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 Cement16 December 2015, Published under Cement NewsFives 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 start02 December 2015, Published under Cement NewsNext 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 line20 November 2015, Published under Cement NewsSiam 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 track18 November 2015, Published under Cement NewsThailand'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 demand17 November 2015, Published under Cement NewsFitch 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... |
SCCC third-quarter net profit down on weaker demand and pricing29 October 2015, Published under Cement NewsSiam City Cement Co (SCCC) of Thailand posted a 3Q15 net profit of THB823m (US$23.1m), falling 22 per cent YoY. Lower domestic cement demand and selling price led the company's income to fall five per cent YoY to THB7419m. Although exports to neighbouring countries (eg, Cambodia, Myanmar, and Laos) grew, it was not strong enough to offset declining domestic sales as price competition intensified, thus depressing 3Q15 gross margin to 43.1 per cent. During the year, cement demand perform... |
SCG reports third-quarter results, names new chief28 October 2015, Published under Cement NewsSiam Cement Group (SCG), Thailand's largest industrial conglomerate, said on Wednesday its quarterly net profit rose 15 per cent YoY as improved margins from petrochemical products offset weak performance of cement and packaging businesses. July-September net profit was THB9bn (US$253.59m). But profit dropped 19 per cent from the previous quarter due to weaker chemical prices and inventory loss. New CEO named Meanwhile, the company has named Roongrote Rangsiyopash as the next presiden... |
Thai 3Q consumption likely to be flat - report07 October 2015, Published under Cement NewsCement consumption in Thailand is likely to be rather flat in 3Q15 and 9M15, according to a report by Bualuang Securities focussed on domestic cement major Siam Cement Co (SCC). Last week, the research house accompanied SCC's management and IR team to meet investors in Germany, Switzerland and France. The information gathered during the non-deal roadshow (NDR) gave Bualuang a clearer picture of SCC's long-term growth profile. Regarding SCC's Cement-Building Materials (CBM) business, Bual... |
Siam Commercial Bank Pcl sells stake in Siam Cement Pcl25 September 2015, Published under Cement NewsSiam Commercial Bank Pcl said on Thursday it sold its stake in Siam Cement Pcl to raise THB4.47bn (US$123.17m) funds to cover provisions for loans to struggling steel firm Sahayiriya Steel Industries. The Siam Cement shares were sold to the Crown Property Bureau which is already a major shareholder in Thailand's biggest cement firm, the bank's chief executive Arthid Nanthawithaya told Reuters. "We sold all our holding in Siam Cement to the Crown Property Bureau," he said. |