SET-listed Siam Cement Group (SCG), Thailand’s largest cement maker and industrial conglomerate, will allocate 1-2% of its total revenue each year for business innovation, deep technology and digital transformation, with five-year technological support from Microsoft Thailand.
The annual budget will amount to 6-10 billion baht, said Roongrote Rangsiyopash, president and chief executive of SCG.
The aim is to use modern technology to help the company reduce costs and increase business efficiency, he said.
“Digital tools and other innovative technologies can transform our businesses and ensure sustainable growth amid increasing fuel and raw material costs,” said Mr Roongrote.
The company earlier said that the prolonged impact of the Russia-Ukraine war had caused it to review its investment plan this year as energy and raw materials prices were increasing.
SCG has…
