Domestic cement consumption is expected to grow some 5 per cent this year due to the economic recovery witnessed late last year, according to an industry executive.
Siam Cement president Kan Trakulhoon said that despite the positive signs, shaken confidence and political uncertainties remain key risk factors to the demand of cement products.
Previously, he said, the company forecast that cement demand would continue dropping by 5-10 per cent before recovering in 2010, the first in four years.
He noted the demand for construction materials had begun to recover since the 4th quarter of last year.
The paper box and vehicle industries had started clear recover as well.
Mr Kan said he believed a petition asking to have five Siam Cement Group projects in the Map Ta Phut Industrial Estate withdrawn from a list of suspended investment projects would receive court approval because the industries all reflected improved pollution reduction.
The environmental case for remote working
Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.
Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI
The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.
The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.(more…)
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