Displaying items by tag: SCG Cement
Thailand: SCG’s sales from its cement business rose by 3% year-on-year to US$3.04bn in the first half of 2019 from US$2.94bn in the same period in 2018. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 7% to US$410m from US$382m. Cement sales in the second quarter of 2019 were driven by the non-government sector. Overall the group’s sales and earnings fell due to poor performance from its chemicals division, which it blamed on the on-going US-China trade war.
SCG Vietnam launches SCG Super Cement brand
02 May 2019Vietnam: SCG Vietnam has launched its SCG Super Cement product. The product is intended as a ‘premium’ multi-purpose cement for home owners, developers, contractors and architects, according to the Vietnam Economic Times newspaper. It can be used in a variety of applications including brick-laying, plastering and concrete work for structure and foundations.
SCG first quarter earnings grow on price increase
30 April 2019Thailand: Siam Cement Group’s (SCG) cement division’s sales grew by 4% year-on-year to US$1.51bn in the first quarter of 2019. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 10% to US$222m. It attributed the growth in earnings on increased cement prices and cost savings. Overall, the group’s sales and earnings fell due to poor performance from its chemicals division.
France/Thailand: SCG Cement has signed a Memorandum of Understanding with France’s Constant Energy to build 50MW of solar photovoltaic (PV) units at its plants and associated companies. The target is to deploy and commission the solar PV plants over the next three years, through rooftop-based, ground-mounted and floating solar PV plants. Engineering of a first solar PV plants has started and the pre-construction permitting and licensing process will be handled in the second quarter of 2019, followed by construction.
SCG unfazed by cement import tariff in the Philippines
12 February 2019Philippines: SCG Philippines Country Director Anuvat Chalermchai says he is unconcerned about the country’s new tariff on imported cement because the company’s imports are ‘very small.’ The subsidiary of the Thai conglomerate imports 0.2 – 0.3Mt/yr of cement, according to Business World. It operates seven companies in the Philippines: United Pulp and Paper Company, SCG Trading Philippines, Green Siam Resources, Green Alternative Technology Specialist, SCG Marketing Philippines and Mariwasa Siam Ceramics.
Siam Cement sales grow by 15% to US$396m in Cambodia
08 February 2019Cambodia: Siam Cement Group’s (SCG) sales in Cambodia grew by 15% year-on-year to US$396m in 2018 due to higher sales of cement. The Thai company operates six subsidiaries in the country, including Kampot Cement, according to the Phnom Penh Post newspaper. Chiv Sivpheng, general manager of the Cambodia Constructors Association, said that demand for construction materials had been increasing annually as the population increases and urbanisation intensifies.
SCG’s cement business grows sales in 2018
30 January 2019Thailand: SCG’s revenue from its cement business rose by 4% year-on-year to US$5.82bn in 2018 from US$5.60bn in 2017. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell slightly, by 1%, to US$676m from US$711m. The group attributed its cement sales growth to operational expansion in all markets. It reported that local demand for cement increased by 3% in 2018 due to growth in the government sector. Overall, the group’s revenue rose by 6% to US$15.2bn but its EBITDA fell by 15% to US$2.76bn.
SCG to buy out share in Cambodian transport company
23 January 2019Cambodia: The cement arm of Thailand’s SCG plans to buy the remaining shares in Jumbo Barges, a water transportation and logistics company, for US$0.5m. Once completed, the cement producer intends to invest in the subsidiary to grow its logistics business in Cambodia including bulk cargo for both import and export. It also plans to use the company to provide logistics to neighbouring countries. The transaction follows two similar deals for logistics companies in Thailand.
SCG buys out logistics companies
22 January 2019Thailand: SCG’s cement business is increasing its share to 100% from 50% in two companies in two logistics subsidiaries, Thai Prosperity Terminal (TPT) and Bangkok Interfreight Forwarding Company (BIFC). Both companies have a combined value of around US$4m. The transactions are expected to complete in the first quarter of 2019.
TPT provides commercial port operation management services for both import and export consisting of Phra Pradaeng Port and Map Ta Phut Port. BIFC provides water transportation services for containers and container moving services at the ports of TPT. Increasing its stake in the companies is expected to allow SCC to provide logistics services in the areas of port and freight forwarding and will enable it to use its own assets better and facilitate domestic port to port expansion.
Government spending drives SCG’s cement business growth
26 October 2018Thailand: SCG’s building materials division growth has been driven by government spending. The cement producer said that demand for Ordinary Portland Cement grew by 7% year-on-year in the third quarter of 2018. Its revenue from sales grew by 4% year-on-year to US$4.14bn in the first nine months of 2018. However, its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 5% to US$481m.