Cement News tagged under: Thailand
Thailand: TPI Polene bond issue12 January 2015, Published under Cement NewsThai-based cement producer TPI Polene says it will issue two tranches of THB6bn (US$182.5m) worth of debentures. Prachai Leophairatana, chief executive of TPI, said the first tranche would be a four-year debenture carrying a coupon rate of 4.85 per cent while the second tranche for five years carries a coupon rate of 5.20 per cent. Both tranches of debentures are senior unsecured debts and the debts will be ready for subscription on 19-21 January 2015. CIMB Thai Bank has been selecte... |
Siam Cement to equip new Indonesian plant with WHR technology17 November 2014, Published under Cement NewsSiam Cement Group (SCG) has announced that its new Indonesian plant in Sukabumi, West Java, will be equipped with a waste heat power generation (WHG) system which could reduce energy use by up to 30 per cent. "At the Sukabumi plant, we will use the same technology, the WHG system, that we have been using at our plant in Lampang province in Thailand," SCG president and CEO Kan Trakulhoon told the Jakarta Post on the sidelines of the 2014 ASEAN Sustainability Development Symposium in Bangkok,... |
SCG chief anticipates 5% rise in 2015 demand30 October 2014, Published under Cement NewsCement demand in Thailand is expected to increase by at least five per cent next year stimulated by an acceleration of government infrastructure development, according to the chief of the country’s leading cement producer. Kan Trakulhoon, CEO of Siam Cement Group (SCG), believes that the Thai economy has bottomed out since August and is recovering gradually. He said the company expects cement demand to recover significantly from the second half of next year, thank chiefly to government pro... |
Siam Cement 3Q net profit down 20% YoY29 October 2014, Published under Cement NewsSiam Cement said on Wednesday its third-quarter net profit dropped 20 per cent YoY due to weak demand for construction materials. Thailand’s largest industrial conglomerate posted July-September net profit of THB7.85bn (US$241.7m). This compared with THB9.79bn a year earlier when the company booked a gain of THB1.5bn. Analysts at Krungsri Securities expect the slowdown to continue through the final three months of the year stating: "The declining trend will likely continue into the fourth ... |
SCG earmarks new five-year investment budget27 October 2014, Published under Cement NewsSiam Cement Group (SCG) has earmarked THB200-250bn for a new five-year investment budget starting next year, the Bangkok Post reports. Chief executive and president Kan Trakulhoon added that the company is eyeing investment in a tech company that could complement SCG's core businesses. "The company we're talking with at the moment is a technology company in Europe," Mr Kan said. The focus will be technology related to core businesses such as material sciences, paper and petrochemicals. |
Thailand: Siam Cement suffers market dip21 October 2014, Published under Cement NewsThai domestic cement demand dipped around three per cent YoY in 3Q14, as no new infrastructure projects broke ground during 9M14, while many old projects were completed, claims the Nation paper. The weaker demand probably squeezed the ex-factory price by THB25-50/t QoQ to THB1925-1950/t (US$59.60/t to US$60.40/t) in 3Q14, which would be flat YoY. Sales of building materials in Thailand are likely to have declined by as much as eight per cent YoY in 3Q14, due to weak consumption, particul... |
TPI Polene to invest THB3bn to double WtE power plant capacity20 October 2014, Published under Cement NewsTPI Polene, Thailand’s third-largest cement producer intends to spend THB3bn (US$93m) to double the capacity of its waste-to-energy (WtE) power plant in Saraburi to 120MW. Pakkapol Leoprirut, assistant vice-president for finance, said the company's waste-to-energy power plant had been producing 60 MW to serve the cement work. with all new output will also serve the same plant. The new works will come online in 4Q15 and ramp up to full capacity in 1H16. Last year, the company raised i... |
Siam Cement 3Q earnings’ outlook16 October 2014, Published under Cement NewsSiam Cement is expected to post a weak net profit for the third quarter of 2014, down 29 per cent YoY and 18 per cent QoQ, according to analysts at SCB Securities. The YoY drop reflects: no extra gain from the revaluation of its investment of THBt1.7bn as in 3Q13, the absence of 3Q13's THB840m inventory gain from its chemical unit and a slight decline in contribution from cement and building materials (lower sales volume) and paper (maintenance shutdown) units. The QoQ fall comes primaril... |
Asia Cement anticipates pick-up in Thai demand10 October 2014, Published under Cement NewsThailand-based producer Asia Cement said it expects a pick-up in demand from late this year and into 2015 due to the government’s stimulus package and the launch of infrastructure projects. The Italcementi-group company forecasts Thai consumption for full-year 2014 to be on a par with last year’s figure of 34Mt. A five per cent increase is projected for next year. Managing director of Asia Cement, Roberto Callieri, told the Bangkok Post that while Asia Cement had faced challenging times s... |
SGC second-quarter declines on weaker demand31 July 2014, Published under Cement NewsSiam Cement Group (SCG) reported a 14 per cent decline in second-quarter net profit due in part to weaker domestic cement demand as months of political unrest have delayed spending on infrastructure projects. Profit for the three months to the end of June fell to THB8.53bn, which was also impacted by lower chemical earnings. SCG chief executive, Kan Trakulhoon, said Thai cement demand is expected to increase by zero to one per cent due to a drop in construction activity and a lack of n... |