Sign up | Log in



Home  >>   Daily News  >>   Thailand News  >>   Companies  >>   International earnings rise at SCG
NEWS UPDATES Asean Affairs           13   July  2011

International earnings rise at SCG

Related Stories

June 28, 2011
Thai firm scores IKEA contract

May 3, 2011
Thailand’s CP eyes new markets

April 28, 2011
Siam Cement up 34 percent

SCG Trading Co, the international trading arm of Siam Cement Group, expects its turnover to reach 80 billion baht (US$ 2.63 billion) by 2015, up from this year's target of 50 billion, as Asean economic integration and Burma's Dawei project facilitate sales growth.

Kalin Sarasin, the managing director of SCG Trading Co, says the Pheu Thai Party's proposed cuts to local corporate income tax rates would help keep Thailand competitive.

"Free trade under the Asean Economic Community (AEC) by 2015 means free flow of capital and human resources, with Thailand's geographical location benefiting the kingdom as a regional hub," said managing director Kalin Sarasin.

"We have to make sure that our tax incentives are not just competitive but more favourable than Singapore's so that foreign companies and expatriates are willing to come invest and work here." Lowering the corporate income tax as proposed by the Pheu Thai Party will help Thailand stay ahead of regional rivals, especially Singapore, Mr Kalin said.

Burma's Dawei megaproject will also drive demand for building materials in neighbouring countries, while Thai products could be shipped via the Thai border with Burma in Kanchanaburi to a deep-sea port in Dawei for export to bigger markets such as India and Bangladesh.

Thailand's top industrial conglomerate currently exports products including cement, tiles and roofing materials to Burma. It plans to open an office in Dawei in the coming years, Mr. Kalin said.

At present, SCG Trading has 36 branches in 25 countries including Thailand, with plans to open six more next year in New Zealand, eastern Malaysia, Japan, South Korea, western Europe and western Africa.

In the first five months of this year, SCG Trading posted sales of 19 billion baht, up 6% from the same period last year on expansion of distribution networks in Cambodia, Laos, Burma and Vietnam. The company targets total turnover of 50 billion baht this year, an increase of 18% from 2010, with its three core business units of coal, building materials and recycling.

"We are seeing the improvement of some business in the latter half," Mr Kalin said.

"Steel scrap, for example, which saw demand and price weaken in the first half of the year, is recovering with China starting to import more," he said. "For building materials, meanwhile, we expect larger demand growth in the latter half from markets such as Burma, Vietnam, Cambodia, Laos and India."

In the Philippines, SCG Trading will develop two more baling stations for paper recycling as part of a joint venture.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    13  July  2011 Subsribe Now !
  • Obama returns to Indonesia
Subcribe: Asean Affairs Global Magazine
• Budget carrier meets Indo middle class needs Asean Affairs Premium
 • Activists call for electoral probe
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

 • Malysia begins amnesty for foreign workers
 • FDI slows in Philippines
 • Singapore tackles trafficking
 • International earnings rise at SCG
• Pheu Thai move gets attention

Asean Analysis    13  July  2011

Advertise Your Brand
• US, Euro and now China concerns hit Asian markets Sponsor Our Events

Asean Stock Watch    13  July  2011 

• Asean Stock Watch-June 13 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand