Displaying items by tag: Siam City Cement

Thailand: The Ratanarak Group, through its subsidiary Sunrise Equity, has increased its stake in Siam City Cement to 71.88% by acquiring a 25.54% share from Singapore-based Jardine Cycle & Carriage for US$354m. This move consolidates the Ratanarak Group's position as the sole major and controlling shareholder.

Thailand: B.Grimm Power has partnered with Siam City Cement (SCCC) to establish a joint venture named ‘Insee B.Grimm Solar.’ This collaboration aims to develop a solar rooftop project and a ground-mounted solar photovoltaic (PV) project within SCCC’s plant located in Saraburi province.

This project is expected to contribute to Thailand’s clean energy goals by reducing reliance on fossil fuels and integrating renewable energy sources into industrial operations. Specific details regarding the project’s capacity and timeline are not yet available.

Thailand: Siam City Cement has appointed Ranjan Sachdeva as its Group CEO from the start of May 2024. He succeeded the previous CEO, Aidan Lynam, on an acting basis in January 2024. He will also continue to work as the Group Chief Financial Officer until a replacement is found.

Sachdeva has worked for Siam City Cement since 2017, first as the Group Head Internal Audit and Compliance and then as the Group Chief Financial Officer, from April 2023. Prior to this he worked in procurement and audit roles for Holcim in India. He has also spent time at Vedanta and Nestle during his career. He holds a bachelor of engineering from the Thapar Institute of Engineering & Technology and a master of business administration (MBA) degree from the University of Leicester, among other qualifications.

Thailand: Siam City Cement has appointed Ranjan Sachdeva as its Acting Group Chief Executive Officer (CEO) from the start of January 2024. He succeeds the former Group CEO Aidan Lynam in the position. Lynam had been in post since 2019.

Sachdeva has worked for Siam City Cement since 2017, first as the Group Head Internal Audit and Compliance and then as the Group Chief Financial Officer, from April 2023. Prior to this he worked in procurement and audit roles for Holcim in India. He has also worked for Vedanta and Nestle during his career. He holds a bachelor of engineering from the Thapar Institute of Engineering & Technology and a master of business administration (MBA) degree from the University of Leicester, among other qualifications.

Sri Lanka: Switzerland-based SpectraFlow Analytics has received an order for a SpectraFlow Airslide analyser and raw mix proportioning software from Siam City Cement (Lanka). The equipment will analyse the composition of material exiting the raw materials mill at Siam City Cement (Lanka)’s Puttalam cement plant. The supplier says that this will help to increase kiln feed quality, lowering the chances of refractory problems and other causes of kiln stoppages.

SpectraFlow Analytics said “The ever increasing demand in cost savings and at the same time improving product quality led Siam City Cement (Lanka) to invest in the most advanced raw mill optimisation package available on the market.”

Thailand: Siam City Cement has appointed Ramjan Sachdeva as its group chief financial officer. He succeeds Mark Anatol Schmidt in the role.

Prior to this he was the Group Head Internal Audit and Compliance for Siam City Cement in Thailand and the Group Commercial Director for mining company Vedanta in India. Earlier in his career he spent eight years working for Holcim in India in procurement and audit roles, as well as for Nestlé.

Sachdeva holds a degree in mechanical engineering from the Thapar Institute of Engineering & Technology in India and a master of business administration qualification from the University of Leicester in the UK.

Vietnam: Thailand-based Siam City Cement has launched construction of Mill 2 of its 1.3Mt/yr Thi Vai grinding plant in Ba Ria-Vung Tau Province. Việt Nam News has reported that the company plans to invest US$35m in the project.

The Thi Vai grinding plant cost US$53m when built in 2003.

Sri Lanka: INSEE Cement and the International Union for Conservation of Nature and Natural Resources (IUCN) have signed a memorandum (MoU) of understanding to extend their global biodiversity management partnership until 2026. Projects include quarry restoration, wildlife rescue and release and field surveys of the Koggala and Aruwakkalu mangrove restoration sites and Unawatuna manmade coral reef.

INSEE Cement's environment and corporate social responsibility manager Rohan Lakmal said "Biodiversity is one of the fundamental pillars of INSEE's Sustainability Ambition 2030. Our partnership with IUCN enables INSEE Cement to meet our own ambitious sustainability targets, while also creating more awareness of the general decline in Sri Lanka's biodiversity, and the urgency to do our part to conserve our natural habitats."

Thailand/Sri Lanka: Siam City Cement has despatched US$111,000-worth of medical supplies and monetary donations to Sri Lanka as humanitarian aid amid the on-going financial crisis in the country. Year-on-year inflation was 61% in July 2022.

The Nation newspaper reported that the Thai government has donated a total of US$158,000-worth of supplies to the country. It said “The donations reflect the close and cordial ties as well as the goodwill between Thai and Sri Lankan people.”

Thailand: Siam City Cement recorded consolidated sales of US$363m in the first quarter of 2022, up by 21% year-on-year from first-quarter 2021 levels. The group’s net profit fell by 25% to US$23.2m from US$30.7m.