Siam Cement’s Chemicals Business Reports Fall in Profits

SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok), has recorded a 16% fall in profits for the third quarter ended September 30, 2011, compared with the year-ago period, to baht3.23 billion ($105 million), mainly due to higher feedstock costs. Sales however increased 23%, to baht48.8 billion due to the additional volume from the new second chemicals complex, Map Ta Phut Olefins Co. 67-33 jv with Dow in Rayong province, Thailand. SCG Chemicals, in September 2011, entered into separate share-purchase agreements with Barito Pacific (Jakarta)...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers