Economy & Market
Siam Cement bullish on cement in ASEAN region
Demand for cement in the ASEAN region is expected to rise further in 2017, according to
Siam Cement Group (SCG) President and CEO, Roongrote Rangsiyopash.
Rangsiyopash argued that cement demand would benefit from a cyclical upturn in the petrochemical industry and the continuous growth of the construction industry throughout the ASEAN region.
Rangsiyopash expressed his optimism during the Siam Cement Group's annual stockholders' meeting where he disclosed a registered profit of $404 million for the third quarter of 2016, a 57 per cent increase from the same period in the previous year.