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Siam Cement’s chemicals business reports fall in second-quarter profits

9:05 AM MDT | July 30, 2014 | Deepti Ramesh

The chemical subsidiary of Siam Cement Group (SCG; Bangkok), reports a 14.4% fall in net profits for the second quarter, ended 30 June, compared with the year-ago period, to 2.26 billion baht ($71 million), partly because of lower polyvinyl chloride (PVC) margins. Second-quarter sales for the business increased 24%, however, to baht65.0 billion, as a result of higher sales volume, the company says. SCG's chemicals arm sold 463,000 m.t. of polyolefin products in the second quarter. For the first six months of 2014, SCG's chemicals business reports a 10% fall in...

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