Mr. Thammasak Settaudom President SCG Said that SCG’s operating results for the first quarter of 2024 are likely to improve. Even though the world economy is fluctuating petrochemical industryin the weakening stage But SCG can manage costs well. Resulting in revenue of 124,266 million baht, an increase of 3% from the previous quarter and EBITDA of 12,623 million baht, an increase of 16% from the previous quarter. And profit for the period was 2,425 million baht, an increase of 3,559 million baht from the previous quarter. It is a result of development.Green innovationTo please customers Functions that meet usage needs Helps reduce carbon which is good for the world by sales SCG Green Choice which was 65,782 million baht, accounting for 53% of total sales. (Increased from the previous quarter by 1,114 million baht)
At the same time, it also reduces costs. Use an environmentally friendly production process. Cement factories in Thailand have increased the proportion of using alternative fuels by up to 47%. In addition, stocksThai cement (SCC) has also been listed for trading on the Singapore Stock Exchange since 1 April. It is a new channel for foreign investors to buy shares. SCC and the response was satisfactory.
SCG hastens to move forward according to the guidelines. Inclusive Green Growth Aiming for green business leaders Along with creating a Net Zero society, developing green innovations to enter the global market. which has high demand and can grow a lot Latest low carbon cement (Generation 2) that can reduce carbon by 15-20% will be ready for sale. In addition, prepare for the domestic and regional economies that are recovering. By expanding investment in markets with high economic growth such as the SAMEA region (South Asia, Middle East, Africa) as for the Long Son project. Long Son Petrochemicals (LSP) will resume testing of the entire plant. To create readiness to produce high quality plastic pellets in the third quarter.”
Packaging business or SCGP creates quality and sustainable growth throughout the supply chain. From using recycled paper raw materials and increasing raw material management efficiency. Promoting comprehensive planting of eucalyptus trees To obtain quality raw materials and help store carbon in an area of 31,770 rai, amounting to 152,181 tons of carbon dioxide equivalent per year. and aims to increase the value of eucalyptus wood through continuous research and innovation. with a budget investment of 3 million dollars
In cooperation with Origin Materials A leading technology company from the United States develops “Bio-based Plastic from chopped eucalyptus wood” and increases production efficiency. By increasing the proportion of clean energy use, using machine learning technology and artificial intelligence. Come help increase production efficiency to reduce energy use and costs. and create cooperation with various sectors In preparing to support the growing trend of green business
SCG Business Cement and Green Solution Develop innovations in various types of cement according to use, the latest use of ‘low carbon cement‘ The proportion has increased to 85% and on May 5th will launch low-carbon cement (Generation 2) which reduces carbon dioxide emissions by 15-20 percent, equivalent to international standards andcement factoryIn the country, the proportion of using alternative fuels has been increased to 47%, while the Thung Song cement factory has improved its production process to be more efficient. To support the use of alternative fuels
SCG Smart Living Business Focusing on developing construction material products and living solutions that meet customer needs, such as ‘SCG Heim House High Ceiling‘ New house design, modern style Responding to the needs of modern living, ‘SCG Metal Roof, Clip Lock Model 700’ is designed to be installed with the Clip Lock system, eliminating the problem of leaks around screw heads. Preparing to sell ‘SCG Modeena COFF’ fiber cement wall decoration material in the second quarter. A mix of 48% recycled materials from the manufacturing process and waste materials from other businesses.
businessSCG Distribution and Retail Continuously push business into new markets with high potential, such as regions SAMEA which is valuable GDP with an average of more than 70% and a combined population of more than 40% of the world by setting up an office of SCG International in Saudi Arabia Covers the entire cement construction materials Paper and packaging as well as raw materials and industrial parts It plans to transport goods from Saudi Arabia to many countries around the world. and supplying goods from other regions to Saudi Arabia
while inASEAN marketIt has produced cement bags targeting the high-growing economy segment, such as the 5-Star Cement brand in Cambodia, the ADAMAX brand in Vietnam, and the Bezt brand in Indonesia. In terms of the domestic retail business It has created awareness for SCG Home by recently holding the Grand Opening of the Khon Kaen branch.
Chemicals Business or SCGC moves forward to fully increase the proportion of sales of the world-friendly plastic innovation ‘SCGC GREEN POLYMERTM’ in order to seize the opportunity for the recovery of the petrochemical industry, which is likely to improve in the second half of 2024. In the past quarter, there were sales 38,000 tons, with sales for the whole year 2023 being 218,000 tons, in line with the target of 1 million tons by 2030.
In addition, under Sirplaste SA, Portugal has also launched ‘SIRPRIME’, a high quality odorless recycled plastic pellet or High Quality Odorless PCR HDPE Resin (PCR HDPE) produced from 100% household plastic waste, while ‘Integrated petrochemical project LSP Vietnam‘ is in the process of evaluating and inspecting the machinery thoroughly again. To ensure safety It is expected to resume testing and be ready for commercial production in the third quarter.
businessSCG Decor or SCGD promotes 4 strategies to drive sales to grow 2 times by 2030 to receive the ASEAN market that is gradually recovering, including: 1. BuildgrowthProviding a business of decorating floor and wall tile surfaces. Expand investment in factories in the southern region of Vietnam. Increase sales of products with high added value and expand distribution channels 2. BGrandma Sanitaryware Businessin ASEAN and expand investment in new sanitary ware factories in ASEAN Targeting sales of sanitary ware to grow 2 times or more than 10,000 million baht.
3. Expandbusiness to productand related services Reinforcing being a leader in providing integrated services. and increase opportunities to sell related products and 4. Invest and becomebusiness partnersin the main business of the company Both inside and abroad It also focuses on investing to increase efficiency and reduce production costs at the same time, such as the Hot Air Generator installation project, the project to improve the SPC vinyl tile production line, which will begin producing products for the Thai market from the end of the second quarter with a production capacity of 1.8. million square meters per year
SCG Cleaner Business Comprehensive clean energy Continuously grow according to the global mega trend that turns to using more clean energy. combined with government support This causes the clean energy market in the country to expand greatly. It currently has a total production capacity of 511 megawatts, an increase of 13% from the end of 2023 from cooperation with the public and private sectors to create new electricity trading projects. This year, the target capacity is to increase by 200 megawatts for electricity trading. with the private sector
Meanwhile, Siam Refractory Industry Co., Ltd. has collaborated with Rondo Energy to develop the production of ‘Thermal Media’ for the first time, which is the main material for use in heat storage batteries (Heat Battery) which can expand power. Production of heat storage materials reached 12,000 tons per year at the end of last year. To support the expansion of the heat storage battery business
However, world economyStill facing risks from conflict in the Middle East. But the Thai economy is likely to improve from tourism. foreign investment Approval of the 2024 budget to begin disbursement in April. and economic stimulus measures from the government, such as reducing transfer-mortgage fees. Income tax deduction and granting loans for home loans for the real estate sector
“It is pleasing that the government sector is giving importance togreen Whether it is preparing to offeractClimate change within this year Project supportSaraburi SandboxTo be Thailand’s first low-carbon model city. If there is a push for green procurement (Green Procurement), it will serve as a model for other organizations to follow, which will further stimulate the concept of green to become concrete. Can reduce the world’s boiling situation Including having a positive impact on the national economy in the long run”
