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News SCG sales fall 5% in Vietnam

SCG sales fall 5% in Vietnam

Written by Global Cement staff 04 February 2020
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Vietnam: Thailand-based Siam Cement Group (SCG) said its revenue from sales in Vietnam dropped by US$64.7m in 2019, a fall of 5.8% year-on-year to US$1.27bn. The figure accounted for 9.0% of SCG’s total revenue of US$14.1bn for the year. In the fourth quarter of 2019, SCG earned US$319m in revenue in the Vietnamese market, a fall of 11% year-on-year, appearing to indicate acceleration in the rate of decline. A possible contributing factor to the lower sales is Vietnam’s huge cement overcapacity, although SCG operates across a wide range of other sectors in addition to cement production.

Last modified on 05 February 2020
Published in Global Cement News
Tagged under
  • Vietnam
  • SCG Cement
  • SCG Vietnam
  • Sales
  • Results
  • GCW441
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