Powtech, 27/9 - 29/9, Nuremberg, Germany. Leading trade fair for Powder & Bulk Solids Procssings & Analytics. Get Your Ticket Now!
Powtech, 27/9 - 29/9, Nuremberg, Germany. Leading trade fair for Powder & Bulk Solids Procssings & Analytics. Get Your Ticket Now!
Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
Your Particulate and Gaseous pollution abatement partner - Thermax
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
News Siam Cement

Displaying items by tag: Siam Cement

Subscribe to this RSS feed

Siam Cement Group shares first quarter 2020 results

01 May 2020

Thailand: Siam Cement Group (SCG) recorded a profit of US$215m in the first three months of 2020, down by 40% year-on-year from US$358m in the corresponding period of 2019. Sales were US$3.23bn, down by 6.0% from US$3.44bn.

On 30 April 2020 SCG withdrew its sales forecast for 2020 and reduced its budget for the year to US$1.85bn, down by 14% from US$2.15bn. SCG president and CEO Roongrote Rangsiyopash said, “SCG cannot give a figure for revenue this year because we don't know yet how long the COVID-19 outbreak will last and how much it will affect the economy.” Rangsiyopash said that SCG is ‘prepared to cut its investment even more’ in a worst-case scenario.

Published in Global Cement News
Read more...

Cemex and Siam Cement make changes to shareholder meetings

18 March 2020

Mexico & Thailand: Cemex and Siam Cement have made changes to upcoming shareholder meetings in relation to the coronavirus outbreak. Mexico’s Cemex intends to reduce attendance at its general shareholders meeting in late March 2020 and introduce hygiene protocols. Thailand’s Siam Cement has postponed indefinitely its annual general meeting of shareholders scheduled for early April 2020. Its board of directors plan to set a new date when the “situation is resolved.”

Published in Global Cement News
Read more...

SCG signs up to plastic waste MoU

20 February 2020

Vietnam: A Memorandum of Understanding (MoU) to build public private collaborations towards a circular economy for plastic waste management was signed in Hanoi on 19 February 2020. The agreement, the first of its kind in Vietnam, was signed by the Ministry of Natural Resources and Environment, Dow Chemical Company Vietnam, Siam Cement Group (SCG), and Unilever Vietnam International.

Deputy Minister of Natural Resources and Environment Vo Tuan Nhan said the average use of plastic per capita in Vietnam is not as high as that of developed countries in the world. However, with a population of nearly 100 million and an incomplete solid waste management infrastructure, plastic waste has been a big challenge for developing countries like Vietnam. It is likely that SCG will act as an off-taker of non-recyclable plastic residues, burning them as an alternative for fossil fuels in its cement kilns.

Published in Global Cement News
Read more...

Siam Cement's 2019 profit falls by 13% year-on-year

30 January 2020

Thailand: Siam Cement (SCG) has recorded a profit of US$2.64bn in 2019, down by 13% year-on-year from US$3.05bn in 2018. Revenue fell by 8.5% to US$14.1bn from US$15.4bn.

Published in Global Cement News
Read more...

Siam Cement Group announces joint venture with BIMobject

14 January 2020

Thailand: Siam Cement Group’s concrete and aggregates division SCC Concrete Products and Aggregates (CPAC) has entered into a joint venture agreement with Swedish digitisation specialist BIMobject for the formation of BIMobject Thailand Co., Ltd. (BIMobject TH) on a 51:49 basis in favour of CPAC. This will provide building information modelling (BIM) - a service platform for use in conceptual design, material selection, and construction simulation of customers’ projects. Siam Cement Group president and CEO Roongrote Rangsiyopash said, “This is in line with SCC’s strategic plan to extend its breadth of innovative construction solutions.” The joint venture will have US$170,000 registered capital.

Published in Global Cement News
Read more...

Siam Cement Group plans multi-industry innovation hub with Chinese Academy of Sciences

06 November 2019

Thailand: Siam Cement Group (SCG) has announced its involvement in the establishment of an innovation hub at the National Science and Development Agency in Pathum Thai. The Bangkok Post has reported that the development will cost US$14.3m. SCG’s partner for the project is the Chinese Academy of Sciences, a 100-site, 70,000-member body established under the Chinese Government’s Belt and Road foreign investment Initiative. When operational, it will market new products, initially consisting of petrochemicals, energy storage and batteries and smart cities.

High-value-added products and services made up 39% of SCG’s total sales in 2018 of US$15.7bn (US$6.11). It spent US$0.15bn on research and innovation over the period, around 1.0% of total revenue.

Published in Global Cement News
Read more...

Siam Cement Group shares third quarter 2019 results

28 October 2019

Thailand: Siam Cement Group (SCG) recorded a net profit after tax of US$200m in the three months to the 30 September 2019, down by 48% year-on-year from US$388m. It revenue over the period stood at US$3.65bn, down by 9.9% from US$4.06bn in the corresponding period of 2018. SCS’s cement-building materials section fell less dramatically, with nine-month profit attributable to owners down by 6.3% year-on-year to US$0.16m from US$0.15m, and a decrease in sales of 1.7% to US$4.54m from US$4.62m in the corresponding period of 2018.

SCG, Thailand’s largest industrial conglomerate, is planning an initial public offering (IPO) for its packaging subsidiary SCG Packaging. Reuters has reported that proceeds deriving from the listing would ‘be used for domestic and international business expansion.’ The company will remain the major shareholder at 70%.

Published in Global Cement News
Read more...

Siam Cement Group promotes blockchain approach to procurement and payment

21 August 2019

Thailand: Siam Cement Group (SCG) is promoting a blockchain electronic accounting method for procurement and payment with its suppliers and partners to improve efficiency. Its Procure to Pay platform was started in 2018 and it has 240 suppliers using it at present, according to the Bangkok Post newspaper. The company aims to reach 2400 suppliers by 2020.

Thammasak Sethaudom, vice-president for finance and investment at SCG, said that the system had helped suppliers reduce processing times by 50% from 70 minutes to 35 minutes per purchase order. The platform speeds up the time required to issue invoices. The system also helps SCG’s partners to track transactions in real time.

Procure to Pay was developed with Digital Ventures, the corporate venture capital arm of Siam Commercial Bank. SCG has invested over US$0.3m on the project so far. Expansion to SCG’s subsidiaries in Indonesia, Myanmar, Laos and Vietnam is being considered.

Published in Global Cement News
Read more...

SCG unfazed by cement import tariff in the Philippines

12 February 2019

Philippines: SCG Philippines Country Director Anuvat Chalermchai says he is unconcerned about the country’s new tariff on imported cement because the company’s imports are ‘very small.’ The subsidiary of the Thai conglomerate imports 0.2 – 0.3Mt/yr of cement, according to Business World. It operates seven companies in the Philippines: United Pulp and Paper Company, SCG Trading Philippines, Green Siam Resources, Green Alternative Technology Specialist, SCG Marketing Philippines and Mariwasa Siam Ceramics.

Published in Global Cement News
Read more...

Thammasak Sethaudom appointed as Vice President-Finance & Investment at Siam Cement Group

25 July 2018

Thailand: Siam Cement Group has appointed Thammasak Sethaudom as its Vice President-Finance & Investment. He succeeds Chaovalit Ekabut. The appointment will take affect from 1 September 2018.

Published in People
Read more...
  • Start
  • Prev
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • Next
  • End
Page 4 of 10
“AI
“Loesche
“Airscape
Acquisition Cemex China CO2 concrete coronavirus Export France Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Mexico Nigeria Pakistan Plant Product Production Results Russia Sales Sustainability UK Upgrade US
« August 2022 »
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31        



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
  • Conferences & Webinars >>
  • Global Ash
  • Global CemBoards
  • Global CemCCUS
  • Global CemEnergy
  • Global CemFuels
  • Global CemPower
  • Global CemProcess
  • Global CemProducer
  • Global Cement Quality Control
  • Global CemTrans
  • Global ConChems
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • African Cement
  • Asian Cement
  • American Cement
  • European Cement
  • Middle Eastern Cement
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2022 Pro Global Media Ltd. All rights reserved.