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What is Siam Cement Group mean?
The Siam Cement Group Public Company Limited (SCG; SET: SCC) is the largest and oldest cement and building material company in Thailand and Southeast Asia. In 2016, SCG was also ranked as the second largest company in Thailand and the 604th largest public company in the world by Forbes. The company is SET50 and SETHD-listed and an industry benchmark. The company's major shareholder is the Crown Property Bureau, which owns 30 percent of Siam Cement's shares.
Consolidated revenues were 450 billion baht (US$14 billion) in FY2017.: 10 The cement and building materials unit contributed 38 percent; 44 percent from the chemicals unit; and 18 percent from the packaging unit.: 11 In 2016, SCG was ranked No.1 of the top graduate employer in Thailand polled by Asia Internship Program.
SCG was founded to set up the first cement plant in Bangkok, Thailand by a royal decree of King Rama VI (Vajiravudh) in 1913. Since then, the company has expanded into various businesses with three core business units: SCG Cement-building materials; SCG Chemicals; and SCG Packaging.: 1 Now, SCG heavily invests their company into Southeast Asia regions including packaging businesses in Malaysia, a petrochemical complex in Vietnam, and many cement plants around the regions.
SCG employs approximately 54,000 employees. The products are marketed domestically and exported to all regions of the world. Cementhai Holding Co., Ltd. oversees SCG's investment in various businesses. Most are joint ventures with internationally renowned companies, for example, Kubota, Yamato Kogyo, Aisin Takaoka Group, Nippon Steel, Toyota Motor, Michelin, Hayes Lemmerz, Siam Mitsui, and Dow Chemical company.
referencePosted on 07 Sep 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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