Cement News tagged under: Thailand
Southeast Asia: tough times – consolidation ahead?17 June 2019, Published under Cement NewsAs Western giants are exiting the southeast Asian cement market, a new wave of consolidation, this time by local companies, is taking place. By Manas Tamotia, LEK Consulting, Singapore China’s Sinoma International Engineering Co Ltd is adding 10,000tpd of cement capacity to PT Cemindo Gemilang’s production base at the Bayah plant in Banten province, Indonesia As inflexible Western giants continue to withdraw from their positions in southeast Asia, the region’s cement market i... |
Siam City Cement will use AI to improve its supply chain13 June 2019, Published under Cement NewsSiam City Cement aims to upgrade its business chain using Krungsri Supply Chain on Blockchain Innovation, an AI deep learning technology. "The Krungsri Supply Chain on Blockchain is another successful development that will help make the purchasing, sales and various documentation systems making up the product supply chain of Siam City Cement Group faster and more accurate," says Mr Saym Prasitsirigul, Krungsri Head of SME Banking Group. "As a result, business in the supply chain will see th... |
SCG Cement signs deal for more solar power02 April 2019, Published under Cement NewsThailand’s SCG Cement has signed a memorandum of understanding with Constant Energy for the deployment of 50MW of solar plants, according to PV Tech. Franck Constant, CEO of Constant Energy, has stated that the various projects are likely to range from 1-5MW in size and that Constant Energy will be the 100 per cent investor. The project will include rooftop, ground-mounted and floating technology. The 50MW of solar power will be installed in multiple provinces of Thailand over a three-year ... |
Siam Cement targets floating solar power projects01 March 2019, Published under Cement NewsSiam Cement Group (SCG) aims to diversify by developing floating solar modules that it hopes to supply as 1GW solar farms to state-run Electricity Generating Authority of Thailand (EGAT). EGAT is planning to eight hydroelectric dams in Thailand over the next 20 years. EGAT announced in January that installation of the first project, a 45MW farm at the Sirindhorn Dam on the country's eastern border, would begin in April, with four others following soon after. But the utility still has not pi... |
Private construction to increase Thailand's cement demand13 February 2019, Published under Cement NewsCement demand in Thailand is forecast to increase in the next few years after a recovery in the private construction sector, says Fitch Ratings. Fitch Ratings expects high-single-digit growth for cement demand in Thailand in 2019, while cement sales data from the Office of Industrial Economics in 3Q18 reported 3.7 per cent YoY growth and a further 2.8 per cent growth in 4Q18. Domestic cement demand for all of 2018 remained low at 0.8 per cent growth YoY. "Cement consumption should rise... |
SCG records 6% rise in revenue for 201831 January 2019, Published under Cement NewsThailand’s Siam Cement Group (SCG) announced a six per cent YoY rise in sales revenue to THB478.4bn (US$15.3bn) for 2018. However, profit for the year decreased 19 per cent from the year-ago period to THB44.74bn due to global economic uncertainties, according to the company. In the company’s Cement-Building Materials segment, revenue increased four per cent YoY to THB182.9bn in the FY18. Profit for the year finished at THB5.98bn, falling seven per cent from 2017 mainly due to asset impairm... |
TPI Polene claims waste-fuelled power is unsustainable07 November 2018, Published under Cement NewsTPI Polene has complained about the quality of national waste sorting in Thailand. The company has invested about THB4bn (US$121.9m) in waste-fuelled power plants. But high operational costs, including sorting, make the waste-to-energy business unsustainable, says the Thai cement producer. The lack of sorting means that Thailand's wet and damp waste can only generate about 1200kcal of energy when it is burned in the cement kiln. Japanese cement kilns generate 4000kcal from sorted waste f... |
SCG announces 7% increase in revenue25 October 2018, Published under Cement NewsThailand’s Siam Cement Group (SCG) has announced a seven per cent YoY increase in revenue to THB361bn (US$10.95bn) for the first nine months of 2018. However, profits fell 19 per cent to THB34.3bn mainly due to reduced performance in the chemicals business and asset impairments in the third quarter. The company’s revenue from exports advanced seven per cent to THB97.9bn in the 9M18, accounting for 27 per cent of total revenue. "The year-to-date contraction was as result of rising raw mater... |
Siam Cement's 2Q18 profits down 6%26 July 2018, Published under Cement NewsSiam Cement posted a six per cent drop in second-quarter profit on Wednesday, hurt by weak seasonal cement demand and its chemical business. Revenue from the cement and building materials business increased five per cent to THB44.6bn (US$1.34bn) due to demand from Vietnam, Indonesia and the Philippines but was held back by weak demand in Thailand. Profit came in at THB12.4bn for the three months ended June, compared with THB13.2bn a year earlier. Siam Cement's revenue rose 11 per cent i... |
Thai King increases stake in Siam Cement19 June 2018, Published under Cement NewsThailand’s King Maha Vajiralongkorn Bodindradebayavarangkun has increased his stake in Siam Cement Group from 0.8 per cent to 30.8 per cent, and has become the top shareholder. King Vajiralongkorn took over all of the shares previously controlled by the Crown Property Bureau (CPB), an entity that manages royal assets, according to Nikkei. The transfer will not result in any change to the operations of the company. Alongside Siam Cement, King Vajiralongkorn also assumed control over the CPB... |