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News Cement business holds steady for SCG in 2019

Cement business holds steady for SCG in 2019

Written by Global Cement staff 12 February 2020
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Thailand: SCG’s cement business has delivered sales and earnings growth in 2019 despite problems with the company’s chemicals business. It attributed its cement sales performance to growing distribution and retail businesses. Its cement business sales revenue grew by 1% year-on-year to US$5.93bn and its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 3% to US$674m. SCG has also announced the creation of a retail joint-venture in Cambodia to sell building materials. Overall, the group’s sales declined by 8% to US$14bn in 2019.

Published in Global Cement News
Tagged under
  • Thailand
  • SCG Cement
  • GCW442
  • Results
  • Cambodia
  • retail
  • Joint Venture

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