Thai firm expects extra cement consumption due to tourism

SCG Cement-Building Materials, a subsidiary of Thailand’s Siam Cement Group, anticipates cement consumption to grow by 1-2% year-on-year, exceeding 30 million tonnes within the current yr. This growth is primarily as a outcome of recovery of the tourism sector.
Having developed a “hybrid structural cement” that reduces carbon dioxide emissions throughout manufacturing, the corporate demonstrates its commitment to battling local weather change.
Nithi Patarachoke, the 42 12 months old president of SCG Cement-Building Materials, asserts that the development business is expected to witness regular development this 12 months, primarily pushed by tourism-related tasks and building maintenance. Nithi said…
“As the nation fully reopens, we’ve seen growth within the building sector, spurred by demand from projects in vacationer hotspots, Bangkok, and its neighbouring provinces.”
Moreover, Nithi noted that companies and households face high electrical energy payments, resulting in increased demand for rooftop photo voltaic panel installations, one other area of the company’s expertise.
“ Light , encompassing solar energy solutions and gear, is projected to grow greater than 300% in 2023.”
In the first quarter, the revenue of SCG Cement-Building Materials rose by 3% quarter-on-quarter to 50.8 billion baht, with income amounting to 13.4 billion baht, a year-on-year progress of practically eleven billion baht. This improve could be attributed to greater sales and effective advertising strategies, Bangkok Post reported.
Nithi added that the company’s improved efficiency can be traced to the nation’s gradual economic recovery and its cost-reduction programme. SCG Cement-Building Materials effectively reduce expenses by using different fuels like biomass and biogas instead of traditional ones such as coal. Alternative fuels now represent 38% of all fuels used, up from 34% the previous 12 months.
During the first quarter, the company’s solar power consumption reached 179 megawatts, a rise from 177MW within the earlier 12 months..