Siam Cement Group

From Wikipedia, the free encyclopedia
  (Redirected from Siam Cement)
Jump to navigation Jump to search
Siam Cement Group
ปูนซิเมนต์ไทย
Public
Traded asSETSCC
IndustryConglomerate
Founded8 December 1913; 105 years ago (1913-12-08)
Bangkok, Siam
FounderVajiravudh, King Rama VI
Headquarters,
Key people
Chirayu Isarangkun Na Ayuthaya (Chairman),
Roongrote Rangsiyopash (CEO)[1][2]:2
Productscement, chemicals, construction, packaging, solar roof, investment, logistics
RevenueDecrease 450 billion baht (2016)[2]:11
Increase 56.1 billion baht (2016)[2]:11
Total assetsIncrease 539.7 billion baht (2016)[2]:11
Number of employees
53,728[2]:77
DivisionsSCG Chemicals
SCG Packaging
SCG Cement-Building Materials
Websitewww.scg.com

The Siam Cement Group Public Company Limited (SCG; SET: SCC) is the largest and oldest cement and building material company in Thailand and Southeast Asia.[3] In 2016, SCG was also ranked as the second largest company in Thailand and the 604th largest public company in the world by Forbes.[4] The company is SET50 and SETHD-listed and an industry benchmark. The company's major shareholder is the Crown Property Bureau, which owns 30 percent of Siam Cement's shares.

Consolidated revenues were 450 billion baht (US$14 billion) in FY2017.[2]:10 The cement and building materials unit contributed 38 percent; 44 percent from the chemicals unit; and 18 percent from the packaging unit.[2]:11 In 2016, SCG was ranked No.1 of the top graduate employer in Thailand polled by Asia Internship Program[5]

SCG was founded to set up the first cement plant in Bangkok, Thailand by a royal decree of King Rama VI (Vajiravudh) in 1913. Since then, the company has expanded into various businesses with three core business units: SCG Cement-building materials; SCG Chemicals; and SCG Packaging.[2]:1 Now, SCG heavily invests their company into Southeast Asia regions including packaging businesses in Malaysia, petrochemical complex in Vietnam, and many cement plants around the regions.

SCG employs approximately 54,000 employees. The products are marketed domestically and exported to all regions of the world. Cementhai Holding Co., Ltd. oversees SCG's investment in various businesses. Most are joint ventures with internationally renowned companies, for example, Kubota,[6] Yamato Kogyo, Aisin Takaoka Group, Nippon Steel, Toyota Motor, Michelin, Hayes Lemmerz, Siam Mitsui,and Dow Chemical company.[7][8]

Research and development[edit]

SCG emphasizes research and development. In 2016, R&D spending was one percent of sales and value-added products contributed more than 35 percent of sales.[2]:11 In 2017, HVA products accounted for nearly 40 percent of sales.

Siam Research and Innovation Company Limited conducts research and development of new products and services related to cement, mortar, concrete, building materials, 3D printing, prefabrication, recycled aggregate, and refractory.[9]

In 2014, SCG Chemicals acquired 51 percent of Norner[10] for developing plastic and polymer technology.[11] In 2017, SCG received the "Asia IP Elite 2016" award for the third consecutive year. The award is given by Intellectual Asset Management (IAM), a leading magazine in strategic management of intellectual property.[12]

Sponsorship[edit]

The Siam Cement Group is sponsor of football, badminton, and golf events in Thailand and Southeast Asia. It sponsors the Thai League 1 club Muangthong United, Vietnamese V-League club Hà Nội F.C., Vietnamese club Bà Rịa Vũng Tàu F.C., and SCG Stadium.

References[edit]

  1. ^ Apisitniran, Lamonphet (2019-03-23). "Keeping SCG nimble in a disruptive age". Bangkok Post. Retrieved 2019-03-24.
  2. ^ a b c d e f g h i Annual Report 2017 (PDF). The Siam Cement Public Company Limited. n.d. Retrieved 6 August 2017.
  3. ^ "Top 75 global cement companies". Global Cement. 2013-12-09. Retrieved 16 January 2017.
  4. ^ "The World's Biggest Public Companies". Forbes. n.d. Retrieved 2017-08-06.
  5. ^ "7 companies Gen Y (Thai) want to work 2016".
  6. ^ "Company History". Siam Kubota Corporation Co., Ltd. Retrieved 6 August 2017.
  7. ^ "SCG Investment". SCG. Archived from the original on 1 March 2017. Retrieved 16 January 2017.
  8. ^ "Structure of Company". www.scgchemicals.com. Retrieved 2017-08-05.[not in citation given]
  9. ^ "SRI at a Glance". Siam Research and Innovation Company, Ltd. Retrieved 2017-08-05.
  10. ^ "About Norner". Retrieved 2017-08-06.
  11. ^ "SCG Chemicals enters as a strategic investor into Norner". Norner. Retrieved 2014-12-05.
  12. ^ "SCG Wins Asia IP Elite Award For Third Consecutive Year At IP Business Congress Asia 2016" (Press release). www.publicnow.com. Retrieved 2017-08-05.

External links[edit]