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News Thai cement demand hit by coronavirus lockdowns

Thai cement demand hit by coronavirus lockdowns

Written by Global Cement staff 02 August 2021
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Thailand: Siam Cement Group (SCG) says that government-mandated coronavirus restrictions have reduced local cement demand by 20%. Roongrote Rangsiyopash, the president and chief executive of SCG, said that the construction sector expected a slowdown due to the closure of construction worker camps, according to the Bangkok Post newspaper.

The group’s building materials business sales rose by 4% year-on-year to US$2.81bn in the first half of 2021. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 3% to US$399m. Overall, the group’s sales and earnings increased significantly across all business lines.

Last modified on 04 August 2021
Published in Global Cement News
Tagged under
  • Thailand
  • coronavirus
  • lockdown
  • market
  • Results
  • Siam Cement
  • GCW517
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