Siam Cement Group generates more than $200M in Cambodia
Siam Cement Group generates more than $200M in Cambodia
Thailand's Siam Cement Group Public Company Limited (SCG) generated more than $200 million in the first half of this year on its Cambodian operations, according to a company report.
The report said the company earned $226 million in sales revenues, an increase of 11 per cent on the same period last year, with the majority of this derived from its cement business.
Some $116 million was generated in the second-quarter, it added.
With the Kingdom’s construction sector currently booming, Thailand-based SCG has established six subsidiaries in Cambodia all operating in the construction materials field.
These include Kampot Cement plant, Concrete Roof Cambodia, CPAC Cambodia, CPAC Plank Cambodia, NAWA-CAM and SCG Trading Company (Cambodia).
Somwang Manpimonchai, Country Director of SCG in Cambodia, said the firm had recently launched its Interior Solution scheme to strengthen and expand its business in the Kingdom. The scheme provides design and materials specification services, conducted by experienced designers, for both residential and commercial buildings.
“Interior Solution aims to raise up the standard of the decoration and construction sectors in Cambodia,” he said.
Chiv Sivpheng, Cambodia Constructors Association General Manager, said that with the Kingdom’s construction sector growing, demand for construction materials is keeping pace.
“The demand for construction materials is rising, especially in Sihanoukville,” he said.
A total of 2,047 construction projects, worth some $3.39 billion, were approved in the first half of this year, a recent report by the Ministry of Land Management, Urban Planning and Construction showed.
This represents a 57.57 per cent increase from the same period last year, that had 1,643 projects worth $2.125 billion.
