Siam Cement Group Building materials Division’s sales fall by 4% to US$4.9bn in 2016

Siam Cement Group’s Building Materials division’s sales revenue fell by 4% year-on-year to US$4.9bn in 2016. Its profit fell by 17% to US$241m. It blamed the falling sales and profit on increased competition, falling earnings before interest, taxation, depreciation and amortisation (EBITDA) and increased depreciation expenses. Overall, across the group’s chemical and packaging division, sales revenue fell but profits rose in 2016 driven by the chemical business.Roongrote Rangsiyopash, the president and chief executive officer of Siam Cement Group, said the company is focusing on expansion strategies within the Association of Southeast Asian Nations (ASEAN) region. Its 1.8Mt/yr cement plant in Myanmar started commercial production in early 2017 and a cement plant in Laos is undergoing commissioning.

We enjoyed our stay in Moscow very much and the days of the working sessions gave me a lot of impressions and pleasure
I thank you very much for all your work in organizing our staying in Moscow and please convey my thanks also to dr. Bolshakov for having invited me for the second time to attend this interesting ev...

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