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Demand for cement in ASEAN is on the rise

SCG President and CEO Roongrote Rangsiyopash reports an increase in profit in the chemical business for Q3/2016.

The increase is due to the cyclical upturn of the petrochemical industry as the demand for building materials in the

ASEAN region continues to rise.

With the cyclical upturn of the petrochemical industry and continuous demand for cement in the ASEAN

region attributed to the robust growth of the construction industry, SCG recently disclosed a registered

profit of PHP19,016 Million (US$404 Million) for the third quarter of 2016 – a 57% increase from the

previous year.

However, the domestic market has not shown significant signs of recovery due to more rain fall

compared to the previous year coupled with the fact that government infrastructure projects are in the

process of being carried out, while investment of the private sector have slowed down.

In the Philippines, SCG owned PHP 9,799 Million (US$ 203 Million) worth of total assets based on the

Q3/2016 report. The company disclosed Q3/2016 Revenue from Sales at PHP 1,949 Million (US$ 41

Million), a 6% increase from the previous year.

SCG invested more than PHP 4,268 Million (US$ 91 Million), or 1% of the Revenue from Sales, towards

research and development (R&D) during the period. The company will continue to invest in R&D to

innovate products and services that cater to the lifestyles of consumers across ASEAN.

About SCG

SCG, one of the leading conglomerates in the ASEAN region, comprises three core businesses: SCG Cement-Building Materials, SCG Chemicals, and SCG Packaging. With more than 200 companies under its umbrella and approximately 53,000 employees, SCG creates and distributes innovative products and services that respond to the current and future needs of consumers.

SCG began business operation in the Philippines since 1993. Today, with total of 7 subsidiaries driven by approximately 1,100 employees, SCG offers variety of premium products and services to building materials and packaging markets.

Available products are roofing products, fiber cement board, fiber-cement wood substitute, thermal & acoustic insulation under the brand ‘SCG’, wall and floor ceramic tiles, sanitary ware and fittings, bathroom fixtures under the brand ‘COTTO’ and ‘Mariwasa’. In the packaging industry, SCG offers high quality and cost efficient packaging and has recycling and alternative energy business operation with delivery service across the Philippines.

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