Cement News tagged under: Thailand
Thailand: Asia Cement predicts revenue growth deceleration30 September 2013, Published under Cement NewsItalcementi-owned Asia Cement expects slower revenue growth in 2014 as it forecasts a weaker domestic market and uncertainty over the government’s THB2trn (US$64bn) infrastructure investment, according to the Bangkok Post. Nopadol Ramyarupa, co-managing director of Thailand’s fourth-largest cement maker, said he expects revenue growth to be limited to four per cent. This year’s revenue is estimated at THB10bn, up by 17.6 per cent from last year’s THB8.5bn. "The economic slowdown and re... |
Asia Cement sees slower 2014 revenue growth27 September 2013, Published under Cement NewsAsia Cement, the Thai-based subsidiary of Italcementi, expects slower revenue growth next year due to a weaker economy and domestic demand. While this year's revenue is estimated to rise 17.6 per cent to THB10bn, next year revenue growth is expected to slow to four per cent, according to Asia Cement's co-managing director Nopadol Ramyarupa. "The economic slowdown and revised GDP figure have affected our projection," said Mr Nopadol told the Bangkok Post. Thailand's economy fell into r... |
Siam City Cement shelves Cambodia plant plans29 August 2013, Published under Cement NewsThailand-based Siam City Cement (SCCC) has put its plans for a 1Mta cement plant in Cambodia on hold while it concentrates on meeting domestic market needs. Managing director of SCCC, Philippe Arto, told the Bangkok Post that the company's board has decided to put its plans for the US$150m Cambodia facility “on the shelf” after finishing a feasibility study. Construction had been expected to start at the end of this year. Mr Arto added that: “The board decided that the project is not a pr... |
Siam Cement plans 1.8Mta plant in Myanmar26 August 2013, Published under Cement NewsSiam Cement Pcl, Thailand, plans to build a 1.8Mta integrated cement plant in Myanmar, ready to start production in mid-2016. The THB12.4bn (US$388m) investment will position Siam Cement as one of the foremost producers in the country, where cement demand is forecast to increase by 10 per cent over the next five years, according to a Reuters report. Last year, Siam Cement accounted for more than 40 per cent of the 4Mt of cement consumed in Myanmar. Siam Cement is 30 per cent owned by the ... |
Thailand: slower consumption for Siam Cement23 August 2013, Published under Cement NewsDomestic cement consumption for Thailand's Siam Cement (SCC) is expected to be weaker over the next year, according to local paper The Nation. An SCC group meeting of local investors with Siam Cement's CEO, Kan Trakulhoon, and CFO Chaovalit Ekabut shed light on the company's current prospects and the cement market going forward. Trakulhoon explained that a softening of the property market and the slow movement of state infrastructure projects will see a slowdown in domestic cement consumpt... |
Siam Cement second-quarter net profit surges01 August 2013, Published under Cement NewsSiam Cement posted a surge in YoY net profit in the second quarter of 2013, boosted by strong earnings in its core businesses including its cement division. Thailand’s largest conglomerate doubled net profit for the April-June 2013 period to THB9.92bm (US$317m), up 132 per cent from THB4.28bn a year ago. Revenue increased six per cent in the second quarter from a year earlier to THB106.5bn. The company said it received THB2.9bn in dividend contributions from SCG Investment during the pe... |
Siam Cement 2Q13 earnings growth forecast12 July 2013, Published under Cement NewsSiam Cement Co is expected to report YoY robust earnings growth thanks to impressive performances from its three core businesses including its cement division. KGI Securities expect SCC to report a 2Q13 net profit of THB8.8bn, up 106 per cent YoY and 0.2 per cent QoQ. ? In terms of its cement division, concerns about a delay to the government's THB2tn borrowing bill would impact sentiment for the cement unit but not the actual demand for building materials. This is thanks to steady sp... |
Thailand: Siam Cement may raise sales target, core businesses strong27 June 2013, Published under Cement NewsThailand's top industrial conglomerate, Siam Cement Plc, is considering raising its 2013 sales growth target due to a strong first-half performance in its core cement businesses, petrochemicals and paper, its chief executive said. Both domestic and foreign markets have shown higher-than-expected growth so far this year, Kan Trakulhoon told reporters on the sidelines of a seminar. The company was also in talks to acquire a paper packaging plant in Indonesia and planned to conclude details a... |
Thailand: Siam City Cement's Insee Green Park project26 June 2013, Published under Cement NewsThe new Insee Green Park in Saraburi province represents Siam City Cement's (SCC) concern for sustainable development and a green environment. "Green Heart" is the business motto of SCC, producer and distributor of the premium cement brand Insee since 2010. It sees the park as a way to develop its green products and its corporate social responsibility programme, which focuses on the environment. The company's adviser Chantana Sukumanont said the Insee Green Park is a pilot project designed... |
Siam Cement Group to begin Myanmar plant construction in 2H1306 June 2013, Published under Cement NewsSiam Cement Group of Thailand plans to kick start construction of a greenfield cement plant in neighbouring Myanmar in the second half of this year, having received regulatory approval. The 1.7Mta cement factory has been given the go-ahead by the Myanmar Investment Commission (MIC), allowing the Thai conglomerate to begin construction as soon as the investment value is finalised by SCG's board, according to president and chief executive KanTrakulhoon. The investment value is expected to b... |