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Friday, March 29, 2024

SCG anticipates 10% revenue growth

Long Son Petrochemicals (LSP) complex project in Vietnam, developed by SCG.

SET-listed Siam Cement Group (SCG), Thailand’s largest cement maker and industrial conglomerate, expects its revenue in 2023 to grow by 10% as it aims to gain more income from a petrochemical business in Vietnam and improving economic conditions.

Last year the company posted 570 billion baht in revenue, a year-on-year increase of 7% from 2021, driven by packaging, cement and building material businesses.

“The economic outlook for 2023 seems to be better than last year, but we will continue to monitor risk factors that may affect our businesses,” said Roongrote Rangsiyopash, president and chief executive of SCG.

The company believes the recovery of Thai…

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