Cement News tagged under: Thailand
Siam City Cement to boost production, Thailand11 December 2012, Published under Cement NewsThailand’s Siam City Cement (SCCC) has said it will resume operations of two clinker lines from next year on the back of increased local demand. The company is also looking to construct its first cement plant outside of Thailand. Two of SCCC's six kiln lines have been shut down since the economic crisis in 2008. With local consumption now showing sound levels of recovery, Mr Arto said one kiln will reopen next October, which will add 10 per cent (1.4Mta) of capacity. The other kiln is due... |
Siam Cement Group to lift exports to Myanmar11 December 2012, Published under Cement NewsSiam Cement Group (SCG) of Thailand plans to boost exports of its Elephant brand cement to Myanmar and expand its distribution network in the Southeast Asian country, according to an official of the company’s local subsidiary. Speaking to the Myanmar Times, Soontornpol Veerapravati, managing director of SCG Trading, which is SCG’s subsidiary in Myanmar, said the company would export 2Mt there in 2013. However, this is just a one per cent increase over the 1.9Mt likely to be exported this ye... |
Thailand's Siam Group to establish Banten cement plant, Indonesia05 December 2012, Published under Cement NewsThailand’s largest cement producer Siam Cement Group plans to establish a cement plant in the Lebak district of Indonesia, Banten province, according to media reports. Banten is the westernmost province of Indonesia on the island of Java "We project cement production to reach 6000tpa from PT Gama Group and Siam Cement Group which will operate as of 2013," chief of the Lebak District Integrated Licensing Service Office (KPPT) Hari Setiono told Antara News. The KPPT chief said that the provi... |
Thailand: SCCC reports net profit dip of 8.8% on weak prices16 November 2012, Published under Cement NewsSiam City Cement Plc reported a drop in net profit for the third quarter and the first nine months due to weak prices even though sales have surged. Third-quarter net profit fell 8.8% YoY to THB792m (US$25.7m), while revenue grew 7.7% to THB6.59bn. For the nine-month period, net profit fell 5.3% from a year earlier to THB2.88bn as revenue increased 10.8% to THB20bn, according to SCCC's filing to the Stock Exchange of Thailand. ''Strong cement consumption driven by infrastructure project... |
Thailand: cement consumption rises by 12% in 201215 November 2012, Published under Cement NewsCement consumption this year is on track to surpass the target of 8-10% thanks to continued government investment in mass transit projects, says the Thai Cement Manufacturers Association (TCMA). The grouping of all eight local cement producers now expects consumption will grow by 12% over last year's 25.5Mt. The TCMA website pointed out that 12% growth would be triple last year's rate. "Strong growth is expected this year due to continuous large infrastructure construction, particularly... |
SCG's cement division posts 29% revenue rise in 3Q12, Thailand09 November 2012, Published under Cement NewsSiam Cement Group's cement business posted a 29 per cent increase in revenue to THB17.7bn (US$577.6m) in the third quarter of 2012, attributable to a higher domestic sales volume as well as consolidation of the recently acquired ready-mixed concrete business in Indonesia. The cement business also saw a 33 per cent rise in net profit to THB2.45bn. Building materials witnessed 18 per cent growth in revenue to THB10.5bn, thanks to continued domestic market growth momentum. |
Siam Cement plans to expand Vietnam operations08 November 2012, Published under Cement NewsThailand’s Siam Cement Group (SCG) will invest US$2m to expand its Vietnam operations next year with a total capacity of 100,000tpa. Pramote Techasupatkul, President of SCG Cement, told local press that now is not the right time to build a new cement plant in the country due to the cement surplus issues it is currently facing: “However, we have still drawn up the plan to expand the production of high-quality white and grey cement in Vietnam in the near future,” he said. SCG Cement in March... |
Siam Cement outlines Southeast Asian expansion plans26 October 2012, Published under Cement NewsThailand’s Siam Cement Group has outlined further details of plans to expand its cement presence in Southeast Asia. According to reports in The Nation, the group is to invest THB11bn to set up a cement plant in West Java, Indonesia with a capacity of 1.8Mta which is scheduled to commence operations in 2015. The board has also approved a THB5.5bn (US$ 357m) investment to increase capacity of the group’s Kampot Cement plant in Cambodia by about 0.9Mta, with the additional output expecte... |
Siam Cement doubles cement sales forecasts25 October 2012, Published under Cement NewsSiam Cement Pcl has doubled its forecast for cement sales growth this year. The company is expected to benefit government projects and the private property sector, and growth should continue in 2013, Reuters reported Chief Executive Kan Trakulhoon as saying. "Cement demand is expected to reach 35Mt this year, which is the highest since 1996," Kan told reporters, referring to the year before the 1997 Asian financial crisis. The company recently announced that it plans to spend THB11bn on a... |
Siam Cement net profit down, approves investment, Thailand24 October 2012, Published under Cement NewsSiam Cement PCL said Wednesday its third-quarter net profit fell 13 per cent from a year earlier, mainly because of higher expenses and cost of sales. Meanwhile, its board has approved THB16.5bn (US$53.6m) worth of cement investments to increase its footprint in Southeast Asia. The company posted a net profit of THB6.42bn (US$208.8m) for the three months ended 30 September, compared with THB7.38bn in the same period a year earlier, its filing to the Stock Exchange of Thailand showed. Sa... |