Displaying items by tag: Thailand
Thai government to tighten dust emission regulations
16 January 2019Thailand: Uttama Savanayana, the Industry Minister, has ordered agencies under the ministry’s control to set tighter dust emission standards for factories in Bangkok. He also intends to set up a working group to look at the issue, according to the Bangkok Post newspaper. Savanayana wants factories around the country, including cement plants, to be inspected. Legal action has been recommended for any sites that are exceeding the legal limits.
Insee Group signs quarry agreement with the International Union for Conservation of Nature
09 January 2019Sri Lanka: Insee Group has signed a memorandum of understanding with the International Union for Conservation of Nature (IUCN) to protect limestone hills in the company’s quarrying sites in Sri Lanka, Cambodia, Thailand and Vietnam.
The ultimate goal of the partnership is to turn the limestone quarrying sites into forests through rehabilitation programmes.
In Sri Lanka, the agreement is intended to strengthen Insee Cement’s capacity to rescue and release threatened wildlife, prepare mine restoration guidelines and carry out annual ecological monitoring of restored mines in Insee Cement’s quarry sites in Aruwakkalu and Puttalam.
“In Sri Lanka we have worked with IUCN since 2007 to ensure conservation in quarry sites, as the partnership is focused on delivering practical solutions which protect Sri Lankan ecosystem. We take pride in meeting the expectations of our local stakeholders and join hands with our group and OpCo’s on the dedicated commitment to enhance forestry and quarry management in Asia,” said Nandana Ekanayak, the chief executive officer (CEO) of Insee Cement.
Government spending drives SCG’s cement business growth
26 October 2018Thailand: SCG’s building materials division growth has been driven by government spending. The cement producer said that demand for Ordinary Portland Cement grew by 7% year-on-year in the third quarter of 2018. Its revenue from sales grew by 4% year-on-year to US$4.14bn in the first nine months of 2018. However, its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 5% to US$481m.
Thammasak Sethaudom appointed as Vice President-Finance & Investment at Siam Cement Group
25 July 2018Thailand: 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.
Thailand: Siam Cement Group’s sales revenue from its cement business rose by 4% year-on-year to US$2.74bn in the first half of 2018. Its profit grew by 8% to US$125m and its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 4% to US$355m. The cement producer said that the country’s demand for Ordinary Portland Cement (OPC) rose by 2% year-on-year in the second quarter of 2018 due to an increase in demand from the public sector. Overall the company’s sales revenue grew in the first half of 2018 but its profit and earnings fell due to currency variations and increasing cost of input chemicals.
Thai king takes control of stake in Siam Cement
18 June 2018Thailand: King Maha Vajiralongkorn has taken personal ownership of royal assets including a stake in Siam Cement. In March 2018 stock exchange data showed that the king acquired around a US$150m stake in the cement and chemical producer, according to Reuters. The Crown Property Bureau has transferred ownership of the assets worth at least US$30bn to the monarch.
Thailand: SCG’s cement business’ earnings have risen due to higher local prices and cost savings in the first quarter of 2018. Its earnings before interest, taxation, depreciation and amortisation (EBTIDA) rose by 7% year-on-year to US$201m in the first quarter of 2018 from US$195m in the same period in 2017. The company said that local demand for cement remained flat in the reporting period as increased demand from the government sector balanced out declines elsewhere. Local exports rose by 20% to 1.2Mt.
Thailand: Amir Reza Sinai has been appointed as the managing director of Beumer Group’s subsidiary in Thailand. The local company, which has 59 employees, acts as Beumer’s regional headquarters in South East and East Asia, where it covers the divisions Conveying & Loading Systems and Palletising & Packaging Systems. It also provides solutions for the cement industry.
Prior to working for Beumer, Amir Reza Sinai was the chief executive officer of the Indonesian subsidiary of a global plant engineering and construction company. He joined Beumer’s Thai subsidiary in early 2017, and for almost a year he headed the company’s office in Jakarta, Indonesia. He took up his current post on 1 January 2018.
Golden Lime buys Saraburi Quicklime
22 March 2018Thailand: Golden Lime, a subsidiary of Carmeuse and GP Group, has acquired a 99.9% stake in Thailand’s fourth largest lime company Saraburi Quicklime. Carmeuse says that this is the first acquisition among lime producers in the country. With the commissioning of a new production site early in 2018 and the acquisition of Saraburi Quicklime, Golden Lime’s production capacity has grown to 0.5Mt/yr from 0.33Mt/yr. No value for the deal has been disclosed.
Switzerland: Clothing company Elephbo is selling backpacks made from used Thai cement bags for as much as Euro120. The products have caused amusement in Thailand on social media, according to the Independent newspaper. Used cement bags from Siam Cement and Insee Diamond brands are being used with leather by the Swiss company to make a variety of fashion products including wallets, caps and trainers.