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News Profit rises at Siam City Cement alongside cost cutting

Profit rises at Siam City Cement alongside cost cutting

Written by Global Cement staff 31 July 2020
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Thailand: Profits have risen at Siam City Cement due to cost cutting initiatives and lower energy prices despite disruption caused by government-related coronavirus responses. It also mothballed a kiln at its Saraburi plant in May 2020 to, “optimise resources and capacities corresponding to demand contraction across the region.” The group’s net sales fell by 10.9% year-on-year to US$679m in the first half of 2020 from US$792m in the same period in 2019. Its net profit rose by 6.2% to US$59.2m from US$55.8m.

Last modified on 05 August 2020
Published in Global Cement News
Tagged under
  • Thailand
  • Siam City Cement
  • Results
  • Plant
  • Mothball
  • coronavirus
  • GCW467

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