Siam Cement's Chemicals Business Reports a Net Loss

SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok) has reported a net loss of baht1 billion ($31.5 million) in the second quarter, ended June 30, 2012, compared with a net profit of baht2.5 billion in the year-ago quarter. Second-quarter sales for SCG Chemicals remained nearly unchanged, at about baht49.3 billion. “The chemical business reported a loss in the second quarter this year as a result of the global chemicals trough coupled with the downward adjustment of product and raw materials prices in accordance with the global oil...

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