The Siam Cement Group targets cost reduction, working capital optimization, and business restructuring
To navigate these challenges, SCG is implementing cost-cutting measures, including a $144 million reduction by 2025 and a $287 million working capital decrease by Q1/2025. While facing headwinds, SCG remains committed to its ASEAN expansion, with Vietnam and Indonesia driving 10% sales growth in the past nine months.
Additionally, SCG is driving innovation with its Generation 2 Low Carbon Cement, which has seen an 86% replacement rate, and expanding its SCGC GREEN POLYMER™ brand. SCG Green Polymer™ continues to gain traction, with recent partnerships yielding eco-friendly packaging solutions.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business group backs DTI’s probe on cement dumpingThe Federation of Philippine Industries (FPI) expressed support for Department of Trade and Industry (DTI) Secretary Cristina Roque’s decision to launch a
Source: MlaStandard - 🏆 20. / 55 Read more »
Philippine Cement Industry Backs Pumped Up by DTI's Move Against Excessive ImportsThe Cement Manufacturers Association of the Philippines (CeMAP) and Eagle Cement Corporation have expressed their full support for the Department of Trade and Industry's (DTI) Motu Proprio Preliminary Safeguard Measures investigation on cement imports. This initiative is aimed at ensuring fair competition and protecting the local cement industry from excessive imports. CeMAP and Eagle Cement Corporation have submitted their respective support documents to DTI, while the Federation of Philippine Industries also backs a strong supporter of the measure.
Source: BusinessMirror - 🏆 19. / 59 Read more »
DTI's probe on cement imports to bolster local industryTHE Department of Trade and Industry's (DTI) probe into the rising influx of imported cement is a move seen as essential for strengthening the struggling local cement industry that has been facing increasing competition from imports.
Source: TheManilaTimes - 🏆 2. / 92 Read more »