Sign up | Log in



Home  >>   Daily News  >>   Thailand  News  >>   Companies  >>   Siam Cement looking at US investment
NEWS UPDATES Asean Affairs        27  January 2011

Siam Cement looking at US investment

Related Stories

November 2, 2010
Thai sugar giant eyes Australia

August  4 , 2010
Thai firm may bid for Carrefour

June 11, 2010
Thai hotel group wants to expand

April 19, 2010
Isuzu expects D-Max to boost its sales

March 23, 2010
Dealers worry Thai unrest may affect car exports to Indonesia

Siam Cement Group (SCG) is in talks to acquire a US petrochemical firm.

SCG may increase its five-year investment budget from 100 billion baht as the country's top industrial conglomerate is spreading its investments outside Southeast Asia.

SCG projects total revenue will rise by about 10% this year. Yesterday, it reported a 26 percent jump in total revenue to 301.3 billion baht for 2010, well above the 10 percent forecast. The industrial conglomerate also posted a record-high net profit of 37.38 billion baht last year, a rise of 54 percent year-on-year with earnings growth in most key businesses and dividends.

SCG Chemicals accounted for almost half of the group's revenue, with sales of 144 billion baht, up 43 percent. Its earnings surged 80 percent to 22.6 billion, thanks to an 8.8-billion-baht extraordinary profit from the divestment of its shares in PTT Chemical in the final quarter. The paper business earned 51.7 billion baht in revenue, rising 21 percent, as net profit grew 53 percent to 3.49 billion.

The cement unit, meanwhile, reported a 3 percent drop of earnings to 6 billion despite the 5 percent increase in revenue to 48.95 billion.

In last year's fourth quarter, the group's earnings jumped by 213 percent to 16.67 billion baht on sales of 76.25 billion, an increase of 23 percent from the same period of 2009.

President and chief executive Kan Trakulhoon said rising interest rates and high oil prices might affect domestic consumption of industrial products by pushing up their prices. SCG consequently might be forced to export more with lower margins.

Export revenue amounted to 30 percent of the group's total sales last year, with another 7 percent earned from subsidiaries operating in Asean, he added.

Given revenue and profit growth, Mr. Kan said the group now has extra cash of 70 billion baht with net debt reduced from 120 billion baht to below 84 billion.

"Our financial status is now the strongest historically, enabling us to be more proactive in overseas investments. There is a possibility that our five-year investment plan (2011-15) will be higher than 100 billion baht announced earlier," said Mr. Kan.

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    27  January 2011 Subsribe Now !
• UN shark conservation plan fails
Subcribe: Asean Affairs Global Magazine
• Indo's rice import buy rattles market Asean Affairs Premium
• Malaysian steel price hike
• Philippine government asks for steady rates
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Siam Cement looking at US investment
• Thai rice filing hits EU hurdle
• US solar firm to build Vietnam plant
• Vietnamese FDI falls in January
Asean Analysis    27 January 2011 Advertise Your Brand
• Malaysia and Thailand plan cross-trading Sponsor Our Events
Asean Stock Watch    27 January 2011
• ASEAN to Rally Again
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

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?

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

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand