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News Siam Cement

Displaying items by tag: Siam Cement

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Siam Cement Group Vietnam records US$301m first-quarter sales in 2025

09 June 2025

Vietnam: Siam Cement Group Vietnam (SCG Vietnam) recorded sales of US$301m in the first quarter of 2025, 43% of group regional sales outside of Thailand.

SCG Vietnam hosted Vietnamese Prime Minister Pham Minh Chinh at its US$5.5bn Long Son petrochemicals complex earlier in 2025, when it announced that currently planned investments will target the petrochemicals division, as opposed to cement. It acquired the Sông Gianh cement plant in Quảng Bình for US$156m in 2017.

Published in Global Cement News
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Chana Poomee appointed as president of the ASEAN Federation of Cement Manufacturers

26 February 2025

Thailand: The ASEAN Federation of Cement Manufacturers (AFCM) has elected Chana Poomee as its president for a two year term from 2025 to 2027. He succeeds Yeoh Soo Keng in the role. Poomee has been the chair of the Thai Cement Manufacturers Association (TCMA) since 2022 and was re-elected in 2024 until 2026. He is also the chief sustainability officer of Siam Cement Group (SCG).

Published in People
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Siam Cement Group forecasts 5% sales growth in 2025

03 February 2025

Thailand: Siam Cement Group (SCG) has forecast a 5% year-on-year rise in its full-year revenues due to economic revival and the government’s current stimulus package. President and CEO Thammasak Sethaudom said that increased customer purchasing power in Vietnam will raise SCG’s local cement and building material sales

SCG’s additional focuses will be on entering the Australia and North America markets and developing its high value-added products segment.

Published in Global Cement News
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SCG expands production of low-carbon cement in Vietnam for export

02 December 2024

Vietnam: Thailand-based Siam Cement Group (SCG) says it is expanding the production of its SCG Low Carbon cement product in southern Vietnam. It plans to export up to 8000t/day of the product to the US, Canada, and Australia, as well as supplying local green-procurement projects, according to the Vietnam Business Forum. The company says its low-carbon cement reduces CO2 emissions by up to 20%, compared to regular products, through the use of alternative fuels, renewable energy sources and installing waste heat recovery (WHR) units at its plants. SCG formally launched SCG Low Carbon Super Cement in the country in July 2024.

Published in Global Cement News
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Siam Cement Thung Song Joins World Cement Association

25 November 2024

Thailand/UK: Thailand-based Siam Cement Thung Song has joined the World Cement Association as a corporate member. The cement producer is a subsidiary of Siam Cement Group that operates an integrated plant in the south of the country.

Published in Global Cement News
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Siam Cement Group to invest US$6bn in sustainability initiatives

18 September 2024

Thailand: Siam Cement Group (SCG) will allocate US$6bn between 2025 and 2030 to improve the sustainability of its businesses. The investment focuses on SCG Chemicals and SCG Cleanergy, with the latter increasing its renewable power capacity to 3500MW by 2030 and constructing a new heat battery unit for energy storage at the SCG cement plant in Saraburi. The company is also looking to expand into Vietnam, Indonesia and the Philippines.

President and chief executive Thammasak Sethaudom said “We focus on these businesses as they promise sustainable growth, in line with our inclusive green growth mission.”

Published in Global Cement News
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Siam Cement Group suspends operations in Myanmar due to political instability

06 September 2024

Thailand/Myanmar: Siam Cement Group (SCG) has suspended the operations of two plants in Myanmar and halted any expansion plans over the next two years amid ongoing economic decline and political instability. The economic situation in Myanmar has deteriorated since the outbreak of Covid-19 and was exacerbated by the 2021 military coup and continuing conflicts between the junta government and various ethnic groups, reports The Nation newspaper.

SCG's executive vice president, Thammasak Sethaudom, stated that the company has invested over US$240m in these facilities. He said "There is no hope of resuming operations anytime soon. Myanmar has another cement plant in the north, owned by a Chinese company and guarded by the Chinese military. SCG could not do that and we would not risk our employees’ lives."

Published in Global Cement News
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Siam Cement reports first half results

25 July 2024

Thailand: Siam Cement has reported its results for the first half of 2024. Sales stood at US$13.9bn, slightly down from US$14bn previously. Net income declined threefold to US$340m compared to US$1.36bn a year ago.

For the quarter ending 30 June 2024, the company recorded sales of US$3.5bn compared to US$3.45bn in June 2023, and a net income of US$102m compared to US$223m.

Published in Global Cement News
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JGC Corporation to conduct CCU facility study for Siam Cement Group

05 July 2024

Thailand: Siam Cement Group has awarded JGC Corporation the pre-feasibility study for a carbon capture and utilisation (CCU) facility at a cement plant in Thailand. The study will determine the technology license, assess the required production capacity for CO₂ capture facilities and evaluate the economic feasibility of constructing a CCU facility, which will capture and convert CO₂ from SCG's cement plant emissions into new chemical products.

Published in Global Cement News
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SCG launches reduced-CO2 cement in Vietnam

19 June 2024

Vietnam: Siam Cement Group (SCG) has announced the launch of a new 20% reduced CO2 cement in Vietnam. Việt Nam News has reported that SCG achieved the reduction through technical upgrades to its cement production, alternative fuels co-processing and waste heat recovery. The producer said the move is a response to growing demand for lower-carbon alternatives in the country’s cement market.

Deputy country director for Vietnam Tanakorn Theeramankong said "For the first time, SCG has introduced a new low carbon cement to the Vietnamese market, marking a significant step forward in our journey to achieve net-zero emissions. By pursuing advanced technologies to develop low carbon cement, we not only reduce our environmental impact but also set a new standard for Vietnam’s construction industry."

Published in Global Cement News
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