SCG focuses on Southeast Asian expansion

Siam Cement Group, Thailand's largest cement manufacturer, is rapidly expanding its operations throughout Southeast Asia, capitalizing on the region's strong growth. President and CEO Thammasak Sethaudom emphasizes the company's focus on Vietnam and Indonesia as key production bases to satisfy domestic demand and export internationally.

SCG unveiled a 2027 strategic roadmap for expansion, aimed at navigating issues such as high energy prices, geopolitical tensions, trade disputes, and the influx of low-cost imports into Thailand.

In the chemical sector, SCG is accelerating its ethane feedstock initiative at the Long Son Petrochemicals complex in Vietnam, a project that is ahead of schedule and expected to start operating in mid-2027, reducing operating costs by over US$250 million annually. For the cement and building materials business, SCG plans to expand its low-carbon cement footprint across Southeast Asia, targeting the growing cement market in Vietnam and expanding exports to countries like Australia.

SCG D'écor, a subsidiary of SCG, is entering the sanitaryware sector through a joint venture with Chinese partner Axent, establishing a smart toilet production facility in Thailand to supply the regional market starting in April 2027. Meanwhile, SCG Packaging Plc is targeting Indonesian and Vietnamese markets to strengthen its recovery in Indonesia and expand into markets like India.

The company recently reported a 1% year-on-year increase in sales revenue to 123 billion baht and a 79% decrease in net profit to 2.38 billion baht for Q3 2026. For the first nine months of 2026, SCG recorded a strong performance with total sales revenue of 382 billion baht, up 3% year-on-year, and net profit rising by 13% to 20.1 billion baht.