Cement News tagged under: Thailand
TPI Polene awards ThyssenKrupp contract for 10,000tpd line, Thailand30 May 2013, Published under Cement NewsTPI Polene, one of Thailand’s top three cement producers, has awarded ThyssenKrupp a EUR150m contract to build a 10,000tpd kiln line at the Saraburi works, near the capital Bangkok. "This contract underlines our longstanding partnership with Thailand in the plant construction sector. We are delighted to be able to use our engineering expertise to support the Thai cement industry and serve the growing demand for cement with our energy-efficient facilities," Dr Hans Christoph Atzpodien, CEO o... |
Siam City Cement 1Q sales rise, net profit hit by higher costs, Thailand13 May 2013, Published under Cement NewsSiam City Cement Co (SCCC), Thailand’s second-largest cement producer, reported a decline in operating and net profit for the 1Q13 despite a rise in sales as higher electricity and transport costs negatively affected results. Net profit for the three months to the end of March 2013 was THB1.12bn (US$37.7m), down 5.4 per cent on the same quarter of last year. Sales, however, were up 8.4 per cent YoY to THB7.5bn from THB6.9bn in the same period of last year. The rise was attributed to in... |
Siam Cement appoints Chinese contractor for new Indonesian plant10 May 2013, Published under Cement NewsSiam Cement Group (SCG) of Thailand has signed an agreement with China-based Anhui Conch Design & Research Institute for the construction of a greenfield plant in West Java, Indonesia. The Chinese company, a subsidiary of the Anhui Conch Group, will supply machinery and equipment and provide engineering and construction services for the 1.8Mta plant to be constructed in Sukabumi. The new cement works will be run by Siam Cement’s wholly-owned subsidiary PT Semen Jawa. With an investment to... |
Siam City Cement adds water management to Sustainability Roadmap, Thailand02 May 2013, Published under Cement NewsThailand's second-largest producer Siam City Cement (SCCC) is to add water management and conservation to its Sustainable Development Roadmap and plans to spend THB58.7m (US$2m) on water conservation and related activities from 2012-18. The company's cement operations in Saraburi have been self-dependent in water supplies without drawing water from public sources. Managing director, Philippe Arto, told the Bangkok Post: “In Saraburi province, we pumped water from underground, but now w... |
Siam Cement Group to lift capacity by 4.5Mta in two years25 April 2013, Published under Cement NewsSiam Cement Group plans to spend US$1.5bn to expand cement production capacity in Southeast Asia by 4.5Mta over the next two years. President and chief executive of Siam Cement Kan Trakhulhoon told the Bangkok Post that the US$400m cement plant in Indonesia is already under construction with Phase 1 expected to come on-stream by 2015. Meanwhile, the Myanmar cement factory is still awaiting approval, but Phase 1 is also slated to be operational by 2015 and involve a similar cost. The compa... |
Siam Cement first quarter net profit rises 47% YoY, Thailand24 April 2013, Published under Cement NewsSiam Cement reported a 47 per cent is first quarter net profit, mainly due to advances in its cement and petrochemical business. The Thai conglomerate posted a net profit of THB8.8bn (US$805m) for the three months to the end of March 2013, up from THB5.97bn from a year earlier. Its cement and building materials business posted strong domestic demand thanks to a lively construction sector. Steady growth witnessed over the 2011-12 period in the Thai cement market is expected to continue ... |
Positive earnings outlook for Siam Cement, Thailand23 April 2013, Published under Cement NewsSiam Cement Plc (SCC) of Thailand is expected to post good earnings growth thanks in part to domestic demand for cement and building products remaining strong. According to analysts at KGI Securities, SCC is likely to report a 1Q13 net profit of THB7.5bn, up 25.9 per cent YoY and 8.7 per cent QoQ thanks to a solid performance from the cement unit and clear signs of upturns for the chemical and paper units, which should help increase 1Q13 EBITDA margin to 11.4 per cent from 9.6 per cent in... |
Fitch affirms Siam City Cement rating, outlook Stable15 April 2013, Published under Cement NewsFitch Ratings (Thailand) Limited has affirmed Siam City Cement Public Company Limited's (SCCC) National Long-Term rating at 'A(tha)', its National Short-term rating at 'F1(tha)' and its senior unsecured debentures at 'A(tha)'. The Outlook is Stable. The ratings reflect SCCC's leading market position as the second-largest cement and ready mixed concrete producer in Thailand. This has helped maintain reasonable EBITDA and EBITDA margin despite pressure from price competition and higher ener... |
Siam Cement to consolidate cement and building materials businesses29 March 2013, Published under Cement NewsSiam Cement Group (SCG) is consolidating its cement and building materials businesses to strengthen its competitiveness for further regional expansion. "There is strong synergy among the cement, building materials and distribution businesses, which are related to the construction industry," said Kan Trakulhoon, SCG president and, said in a filing to the Stock Exchange of Thailand. The company aims to increase its Asean sales from 18 per cent of the total and has budgeted THB40-50bn f... |
TPI Polene to construct new kiln line, Thailand25 March 2013, Published under Cement NewsThailand-based cement producer TPI Polene is to construct a new line at its Saraburi cement works as steady growth on the local market is expected to continue. The Bangkok Post reported that company plans to spend THB10bn up to 2016, half of which will be on the clinker line and the balance on a renewable energy project. The new kiln line will lift capacity at the 9.07Mta Saraburi cement works by 33 per cent. The fourth kiln is a project that has been postponed since the 1997 Asian Finan... |