Displaying items by tag: Thailand

Thailand: Siam Cement Group (SCG) recorded sales of US$3.62bn during the third quarter of 2023. This represents a fall of 12% year-on-year. Business World News has reported that the producer attributes the decline to the on-going ‘slow economic revival’ in Southeast Asia. Nonetheless, chief executive officer Roongrote Rangsiyopash said that he expects growth to accelerate, especially in Indonesia, where construction of the new capital city, Nusantara, is underway in East Kalimantan. SCG reported a third-quarter operating profit of US$86.9m, up by 26% year-on-year.

Rangsiyopash said “SCG has continuously adjusted its business strategy and has operated with caution and prudence, thereby maintaining financial stability.”

Thailand: Siam Cement Group’s sales dropped by 12% year-on-year to US$3.47bn during the first nine months of 2023. The group’s net profit remained level year-on-year, at US$67.4m.

Thailand: China-based intelligent dumptruck supplier Waytous has partnered with Siam Cement Group (SCG), as well as Thailand Advanced Info Service, Huawei, and Zhengzhou Yutong Mining Equipment, to develop full-scope automated operating systems for limestone mines. SCG will host a study at its Saraburi limestone mine in Central Thailand. The study will use Waytous’ driverless vehicles, supported by 5G, AI, cloud computing and new battery technologies.

Waytous CEO Chen Long "We've carried out two phases of unmanned mining research for this project and found the most comprehensive, efficient, and effective unmanned solution for cement mines in Saraburi.”

Thailand: Siam Cement Group (SCG) has appointed Thammasak Sethaudom as its president and chief executive officer. He will succeed Roongrote Rangsiyopash, following his resignation, from January 2024. Thammasak has also been appointed as the president of Cementhai Holding Company. Surachai Nimlaor the president of SCG’s cement division will also be appointed to president of the division from the start of 2024.

Thammasak has worked for SCG for over 30 years in a variety of financial and investment positions, primarily in the chemicals business. Prior to this, he was the general director of Long Son Petrochemicals. He holds a bachelor’s degree in electrical engineering from Chulalongkorn University, a master of business administration (MBA) postgraduate degree from the London Business School and has also attended Harvard Business School’s Advanced Management Program.

Thailand: Siam Cement Group (SCG) recorded sales of US$7.22bn in the first half of 2023, down by 17% year-on-year from US$8.69bn. Cement and building materials accounted for US$2.6bn (36%) of sales, behind chemicals at US$2.74bn (38%). The company's earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 24% to US$915m from US$1.21bn. Meanwhile, its profit excluding extra items dropped by 49% to US$279m from US$543m. Cement and building materials contributed 78.5m (28%) of group profit, down by 38% from US$126m (23%).

During the first half of 2023, sales of alternative CEM-I and CEM-II cement rose above 50% of SCG's cement sales for the first time, compared to 41% throughout 2022. The group substituted 22% of all cement fuel with alternative fuel (AF) across its operations, and 22% of cement fuel in its Thai domestic business. SCG invested US$91.5m in capital expenditure in its cement and building materials business throughout the first half of 2023.

Thailand: Siam Cement Group (SCG) says that it expects to invest US$1.17 - 1.47bn in capital expenditure across its operations throughout 2023, Reuters has reported. SCG's activities span cement and other building materials, packaging, chemicals and batteries.

Malaysia: YTL Cement and Thailand-based SCG have signed a memorandum of understanding with Innocement, a joint venture between the Sarawak Economic Development Corporation (SEDC) and the Bintulu Development Authority (BDA). The agreement is intended to strengthen the cement supply chain, secure the reliability of supply and stabilise prices in the region, according to the Star newspaper. In January 2023 representatives of the SEDC and the BDA had visited SCG in Bangkok. At this time it was reported that a joint venture between the SEDC and the BDA wanted to import 0.5 – 1Mt/yr of cement from SCG.

Thailand: US-based Rondo Energy and Siam Cement Group (SCG) plan to expand the production capacity of a heat battery storage unit at a SCG plant to 90GWh/yr. Once complete the site will reportedly have a production capacity larger than any current heat battery-supported manufacturing facility worldwide and will save up to 12Mt/yr of CO₂. The SCG site already has a capacity of 2.4GWh/yr.

SCG’s executive vice president Thammasak Sethaudom said “Rondo offers an innovative solution to reduce the carbon emissions from industrial process heat used in factories worldwide. SCG can use Rondo’s technology to lower our own carbon emissions and SCG Cleanergy can partner with Rondo to help our customers cut emissions.” He added “We also realised that we can leverage our 70 years of technical expertise in the refractory business and supply chain.”

Rondo heat batteries consist of refractory bricks capable of storing renewable energy as heat. The heat energy can then be returned to an industrial process as hot air or steam. SCG invested in Rondo Energy in 2022.

This story was amended on 4 July 2023, after a previous version erroneously stated the location of the plant as Ukraine. Global Cement apologises for this error.

Thailand: Siam Cement Group is among partners for property developer Central Pattana's planned raft of new sustainability investments worth US$289m. The Bangkok Post newspaper has reported that Central Pattana will implement initiatives with Siam Cement Group, alongside other partners, over the period up to the end of 2027. These will include new sustainability-linked financing arrangements and projects to reduce energy use.

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.