President and CEO of SCG Roongrote Rangsiyopash. Photo: SCG
Thailand-headquartered Siam Cement Group (SCG
) posted revenue of $1732 million in the three months ending September this year, down 2% year-on-year and making 46% of the group’s sales in ASEAN
(excluding its home country).
Its revenue from sales in Vietnam reached $498 million in the first nine months of this year, SCG has said in a press released.
At the end of September, the Thai conglomerate’s total assets in Vietnam increased 5% year-on-year to $902 million.
After 24 years of presence in Vietnam, SCG now owns 22 companies across the country, operating in a wide range of businesses including cement-building materials, packaging, and chemicals.
According to President and CEO of SCG Roongrote Rangsiyopash, the group earned a profit of $1.24 billion in the nine months through September, representing an increase of 28% year-on-year, driven mainly by the chemicals business.
Its revenue from sales dropped 3% year-on-year to $9.18 billion, due to softer domestic demand for cement and lower chemicals pries.