SCG in Thailand set to overhaul its business plans
Siam Cement Group (SCG) of Thailand will be overhauling its business plans to deal with the effect of the economic outlook and the political trouble in the country.
The cement company is now targeting at more exports and trading with the market in the Association of South-East Asian Nations (Asean) region.
Due to the poor market conditions in the country, SCG will have its cement exports maintained at 4 million tonnes in 2014, targeting at markets including Vietnam, Cambodia and Myanmar. Under the existing business plan, the company was to reduce its cement shipments by 1 million tonnes/year to 4 million tonnes in 2013 and 3 million tonnes in 2014 from 5 million tonnes in 2012 to meet more local consumption, said Kan Trakulhoon, president and CEO of SCG.
The new business plans were submitted to the meeting of shareholders and board of directors on 26 March 2014.