Thailand's Largest Cement Group: Actively Seeking Regional Expansion

2004-04-01 00:00:00
The December 25, 2003-January 1, 2004 issue of the Far Eastern Economic Review named the 2003 Top 200 Companies in the Far East, the magazine's 11th annual selection.

& nbsp; In Thailand, Siam Cement, which also operates in petrochemicals and paper, is at the top of the list. As Thailand's largest cement manufacturer, Thai Cement's biggest profit comes from Thailand's new residential construction boom and China's growing demand for raw materials. Thai Cement reported a third-quarter net profit of 4.9 billion baht (1. $2.3 billion), an increase of 34% over the same period in 2002.

& nbsp; After 1997, Thai Cement benefited from the consolidation of the cement industry in Thailand, as less competition in the market allowed managers to raise prices, and the recovery of demand in the building materials market led to a significant increase in its profits. Thai Cement is also one of the few consortia that has established a regional market, and the company is entering the petrochemical market in the Philippines, Indonesia and Vietnam.

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Thailand looks forward to exporting cement to the Philippines, where the government has decided not to impose a tax on imported cement.

2023-01-05 14:09:04

In 2003, Thailand's economic growth rate was 6.7%, the highest since the financial turmoil in 1997. The high growth rate was attributed to low domestic interest rates, more advantageous prices for agricultural products, growth in investment and exports, and many government incentives. These favourable factors contributed to the development of the construction sector, which registered a growth rate of 3.4% compared to 2002. In December 2003, 59.9% of the capacity for the use of construction materials was recorded, also as a result of developments in the construction industry.

2004-06-05 00:00:00

According to the big data of China Cement Network, on October 8, the Beijing-Tianjin-Hebei Cement Price Index fell 5.88 points from the previous trading day (September 30), closing at 347.10 points, or 1.67%, which was the largest change in the regional price index on that day; The North China Price Index fell 3.45 points, or 1.02%, on the same day, while the National Price Index fell 0.54 points, or 0.18%, while the East China, Central South, Southwest, Northwest, Northeast, Yangtze River and Pearl River-Xijiang Price Index were flat.