Cement News tagged under: Thailand
Thailand: Holcim sells stake in Siam City Cement30 March 2015, Published under Cement NewsHolcim Ltd today announces that it has sold its entire remaining shareholding of 27.5 per cent in Siam City Cement (Public) Company Ltd (SCCC) in Thailand via a private placement in capital markets. For the sale of its entire remaining stake, Holcim will receive a total consideration of approximately CHF655m (US$626m), which will result in a gain before taxes of approximately CHF365m (US$349m). Of the 27.5 per cent, 24.9 percent were acquired by a member of the Jardine Matheson Group, a Ho... |
Holcim launches upto US$741.4m selldown in Siam City shares27 March 2015, Published under Cement NewsHolcim Ltd on Thursday launched an up to US$741.4m selldown of shares in Thailand's second-largest cement company Siam City Cement PCL (SCCC), IFR reported, citing a term sheet of the deal. Holcim is selling 63.29 million SCCC shares through its Thai Roc-Cem Ltd unit at an indicative range of between THB350 and THB381, putting the total deal at up to THB24.11bn (US$741m), added IFR, a Thomson Reuters publication. SCCC, controlled by Thailand's Ratanarak family, had announces Holcim's inten... |
Asia will drive cement growth, says Italcementi chief executive16 March 2015, Published under Cement NewsItalcementi Group foresees stronger growth of 2-3 per cent this year, with the key driver being Asia, backed by economic recoveries in the European Union and North America. Given the expected stronger growth, the group plans to expand its businesses to African countries such as Mozambique, Ghana and Tanzania, CEO Carlo Pesenti said during an interview with The Nation last week. "The company foresees better performance in Asia, including Thailand, with revenue for the continent projected to ... |
Loesche awarded SCG Cement order, Thailand13 March 2015, Published under Cement NewsLoesche has been awarded a contract by SCG Cement to deliver an LM 56.3+3 C vertical roller mill for clinker grinding at the cement producer's plant in Ta Luang, Thailand. The new mill will be designed for the production of 200tph of Portland cement type I at 3600 Blaine as well as 150tph Portland cement type III at 4500Blaine. The scope of the Loesche’s delivery also includes premium parts such as the mill motor, the mill fan as well as an LSVS-classifier. Commissioning of the LM 56.3+3... |
Upbeat outlook for Siam Cement PLC25 February 2015, Published under Cement NewsKasikorn Securities (Thailand) has reinitiated coverage of Thai conglomerate Siam Cement PLC with an 'Outperform' rating due to renewed optimism in domestic cement consumption and further improvement in its chemical business' profitability. The research house says the Thai cement industry is expected to resume its organic growth at about 6-7 per cent in 2015. “We believe that the industry has already passed the bottom with the government’s planned investment in major infrastructure projec... |
Italcementi saw weaker French and Italian volumes in 201409 February 2015, Published under Cement NewsItalcementi's turnover declined by 1.8 per cent in 2014 to EUR4155.6m, or by 0.7 per cent on a comparable basis. Group cement shipments edged ahead by 0.6 per cent to 43.4Mt and the turnover from cement and clinker was ahead by 1.0 per cent to EUR2742.9m, with cement volumes improving everywhere but in Europe. The concrete and aggregates turnover declined by 6.9 per cent to EUR1162.5m as shipments of aggregates declined by 5.6 per cent to 30.8m tonnes and ready-mixed concrete deliveries ... |
SCCC 4Q14 profit declines05 February 2015, Published under Cement NewsSiam City Cement Co (SCCC) reported a decline 4Q14 profit after as its margin was further squeezed by higher power costs and a maintenance shutdown and weak domestic demand. Thailand’s second-largest cement procure posted a 4Q14 normalized profit of only THB642m (US$19.7m), down 26.5 per cent YoY and 39.6 per cent QoQ. The results are attributed to 1) lower domestic demand, but volumes were partly mitigated by an increase in exports following the reopening of Kiln Line 1; 2) a fall in gros... |
All eyes on the ASEAN30 January 2015, Published under Cement NewsThe southeast Asian cement markets of the Philippines, Vietnam and Thailand are set for continued growth in 2015, while elsewhere in the region there is plenty to keep investors interested. Philippines – sustained growth ahead Cement industry sales in the Philippines have benefitted from robust demand thanks to bustling construction activity nationwide. Last year sales increased by 8.7 per cent YoY, according to the Cement Manufacturers’ Cement Association of the Philippines (CeMAP). Loc... |
Siam Cement fourth-quarter net profit up 11% YoY28 January 2015, Published under Cement NewsSiam Cement PCL, Thailand's largest industrial conglomerate, said on Wednesday its 4Q14 net profit rose 11 per cent due mainly to improving margin for its petrochemical business despite an inventory loss. Net profit was THB8.86bn (US$271.53m) for the October-December quarter, beating analysts' forecasts. For the whole of 2014, net profit dropped eight per cent to THB33.6bn (US$30.66m), the company said in a statement. Ceiling of bond issue raised Meanwhile, Siam Cement also announc... |
SCG positive on Thai demand outlook22 January 2015, Published under Cement NewsThai cement demand is expected to increase by six per cent in 2015 after remaining flat last year, and prices are expected to hold relatively steady despite new capacity on the way, the country’s leading cement producer has said. Speaking during the SCG Dinner 2015 hosted last week, CEO Kan Trakulhoon pointed out that demand resumed YoY growth in December and this year demand will be driven by state infrastructure and commercial projects, Bualuang Securities reported. After reaching a r... |