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Siam Cement’s Chemicals Business Reports Fall in Profits

4:22 AM MDT | October 26, 2011 | Deepti Ramesh

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)...

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