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Siam Cement’s chemicals unit reports huge rise in profits

9:30 AM MDT | May 6, 2013 | —Deepti Ramesh

SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok), reports a more than doubling in profits for the first quarter of 2013 compared with the year-ago quarter, to 2.63 billion baht ($91 million), mainly because of better margins, SCG says. First-quarter sales increased 1%, to baht53.47 billion, mainly because of higher sales volume and product prices, SCG says. Ebitda more than tripled, to baht3.23 billion. Meanwhile, SCG says that its board approved an investment of baht2.47 billion to increase production capacity for low-density...

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