SCG consolidates 3 businesses for higher regional strength

Siam Cement Group (SCG) has approved the business restructuring, whereby subsidiaries in the cement, building materials and distribution businesses will be consolidated.

Upon the board's resolution on Wednesday, the consolidation, to take effect on April 3, will create a single market-facing entity, and will be referred to as SCG Cement-Building Materials.

"There are strong intercompany synergies amongst SCC's cement, building materials, and distribution businesses which are related to the construction industry. Hence, this business restructuring aims to further strengthen the group's operational excellence, as well as to accelerate the development of products and services to serve customers, and to improve technological advancement. Furthermore, as expands its operations across the Asean region, this business restructuring will enhance overall competitiveness over the longer term," Kan Trakulhoon, president and CEO of SCG, said in a statement to the Stock Exchange of Thailand.

In 2012, revenue of these three businesses accounts for 36 per cent of total consolidated revenue from sales of SCC, while profit is approximately half of the group's total consolidated profit for the year.

The two other core businesses in the paper and chemicals businesses remain unchanged.

The new business unit will have Kajohndet Sangsuban as the president and vice president for domestic market.

Pichit Maipoom and Aree Chavalitcheewingul are vice presidents, responsible for operations and regional business, respectively.

Latest stories in this category

• SCG consolidates 3 businesses for higher regional strength


• Siam Cement Group (SCG) has approved the business..


• SET extends its gain


• MICE industry shows 14% quarterly revenue growth

We Recommend

• Not so enthused about solar panels, or wind power


• Re: 'Short-sighted energy plan' Letter, March 21.


• Senators to sue Thaksin for Skype orders to party..


• Life in Thailand not that bad after all

Comments conditions

Users are solely responsible for their comments.We reserve the right to remove any comment and revoke posting rights for any reason withou prior notice.

Article source: http://www.thethailandlinks.com/2013/03/27/scg-consolidates-3-businesses-for-higher-regional-strength/