Connect with us

Corporate

Siam Cement Group forecasts 5% consumption growth this year

Avatar

Published

on

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Mr Kan said he believed a petition asking to have five Siam Cement Group projects in the Map Ta Phut Industrial Estate withdrawn from a list of suspended investment projects would receive court approval because the industries all reflected improved pollution reduction.

via MCOT English News : Siam Cement Group forecasts 5% consumption growth this year.

Comments

Corporate

Giant Thai-Chinese wholesale hub opens in Bangkok’s Pratunam

The region’s largest wholesale hub features products from China at wholesale prices, and products from Thai manufacturers to export to China.

Pr News

Published

on

By

Asset World Corporation (AWC) has launched the region’s largest wholesale hub in the Pratunam area of Bangkok, housed in the old Pantip Plaza tech mall.

(more…)
Continue Reading

Business

Thailand remains in pole position for the highest funds raised across Southeast Asia

Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively

Pr News

Published

on

By

Thailand’s Central Retail Corporation Public Company Limited raised US$1.77 billion in 2020

THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.

(more…)
Continue Reading

Corporate

Thailand’s antitrust agency under scrutiny over $11 Billion Tesco Deal Approval

With the Tesco deal approved, CP Group will gain control over a network of about 2,000 hypermarket and grocery stores across Thailand, and the group already operates 7-Eleven convenience stores and the Siam Makro chain.

Olivier Languepin

Published

on

Thailand’s largest conglomerate, Charoen Pokphand Group (CP) won on Friday the Thai antitrust agency’s approval  for acquisition of retail giant Tesco Lotus: the Office of Trade Competition Commission (OTCC) voted 4:3 in favour of the US$10-billion takeover deal.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,609 other subscribers

Trending