Cement News tagged under: Thailand
TPI Polene Power targets 100% renewable fuel use by 202619 March 2024, Published under Cement NewsThailand’s largest waste-to-energy (WTE) project developer and operator TPI Polene Power (TPIPP) aims to cut coal usage as it strives for 100 per cent renewable fuel use by 2026. According to Pakkapol Leopairut, the company’s executive vice-president for accounting and finance, the company will reduce its coal usage by 63.3 per cent YoY from 872,000t this year to 320,000t of coal in 2024. The move to zero coal usage is part of the TPIPP’s “Mission to No Emissions” campaign, which starte... |
Thailand’s low-carbon transition22 January 2024, Published under Cement NewsThailand’s plan to accelerate state investment despite high debt levels is expected to result in favourable construction growth. Meanwhile, the country’s cement industry is in the midst of transforming itself into low-carbon production base using decarbonisation tools already available to the sector as well as exploring emerging solutions. Public investment is projected to remain a key driver, increasing over the next few years in line with the government’s infrastructure plans (© ... |
First Graphene successfully completes Phase 2 Trial at Breedon Cement29 November 2023, Published under Cement NewsFirst Graphene has successfully completed the second phase of graphene-enhanced cement trials in collaboration with Breedon Cement Ltd at the cement producer’s Hope Cement Works. The Phase Two trials used 4t of grinding aid containing PureGRAPH ® to produce an additional 600t of graphene-enhanced cement at the production scale. The focus was on the optimisation of dosing methods at an increased graphene loading level, with the resulting formulation change in the grinding aid. The stage bu... |
Thailand pins hopes on Land Bridge Project21 November 2023, Published under Cement NewsThailand’s economy grew much slower than expected in the third quarter of 2023. According to the country’s National Economic and Social Development Council (NESDC), GDP expanded by just 1.5 per cent over the three-month period, significantly lower than the 2.4 per cent growth estimated by Reuters. The disappointing result, which marks the slowest quarterly expansion this year, is being attributed to poor exports and government spending. TPI Polene also cited Thailand’s manufacturing ... |
TPI Polene reports 10% sales drop in 9M2317 November 2023, Published under Cement NewsTPI Polene ’s sales performance in the 9M23 was 10 per cent lower YoY to THB33,528m (US$945.5m), while EBITDA generated was down 27 per cent YoY to THB8127m. The main factor for the lower performance this year was the 44 per cent YoY decline in the sales of the Specialty Polymer/Chemical division to THB6488m because of lower product prices and volume disruption early this year due to major maintenance shutdown. The achieved EBITDA was also lower primarily due to the lower spread in specialt... |
TPI Polene Plc achieves 5-star corporate governance rating07 November 2023, Published under Cement NewsBoth TPI Polene Plc (TPIPL) and TPI Polene Power Plc (TPIPP) have achieved the five-star “Excellent” rating of its Corporate Governance Practices for the year 2023 as assessed by both the Institute of Directors (IOD) and the Stock Exchange of Thailand (SET) and as published in their “Report of Thai Listed Companies for the Year 2023” (CGR 2023). This marks the first time that both TPIPL and TPIPP achieved the highest Corporate Governance rating in Thailand. In a statement TPIPL and TPIP... |
Siam Cement puts chemicals IPO on hold30 August 2023, Published under Cement NewsThailand-based Siam Cement has announced that it is postponing the initial public offering (IPO) of its SCG Chemicals business. According to Reuters News, the decision is due to unfavourable market conditions but the company plans to proceed with the IPO once conditions improve. The IPO approval date has been extended until 4 October 2023 but cannot be extended any further after that date. The company has reported a seven per cent YoY decline in its shares this year. Thailand has als... |
Unlocking opportunities07 August 2023, Published under Cement NewsThailand’s dumpsites contain close to 190Mt of low-quality plastic waste, comprising mainly degraded and aged materials that pose challenges in terms of economically viable recycling methods. SINTEF looks at the potential opportunities offered by co-processing in the cement industry. By Anneli Alatalo Paulsen, Dr Kåre Helge Karstensen and Palash Kumar Saha, Foundation for Scientific and Industrial Research (SINTEF), Norway. Figure 1: the Bor Ngern dumpsite in Thailand Plastic’s ... |
Siam Cement receives world's largest battery production facility28 June 2023, Published under Cement NewsRondo Energy, in partnership with Siam Cement Group (SCG),has announced plans for the world's largest battery production facility of any kind at 90GWh/year, with 2.4GWh/year already online. This is a game-changer in the world of decarbonisation technologies, resulting in carbon savings equivalent to removing 4m cars from the road each year (or adding 2m EVs), claims Rondo Energy. "Rondo Energy, developer of the Rondo Heat Battery, announced it has partnered with Siam Cement Group to ... |
SCG reports domestic cement sales of THB50,800m in 1Q2310 May 2023, Published under Cement NewsSCG reported its operating results for the 1Q23, showing a recovery across all business units, with increased sales and profits boosted by the revival of tourism and China’s border reopening. SCG’s total assets as of 31 March 2023, amounted to THB923,725m (US$27,414m), of which 44 per cent represented assets in ASEAN (excluding Thailand). The Cement-Building Materials segment recorded sales revenue of THB50,800m. The result was “increasing by three per cent QoQ and similar to the sa... |