Logo of Phnom Penh Post newspaper Phnom Penh Post - SCG logs growth in Cambodia

SCG logs growth in Cambodia

Content image - Phnom Penh Post
SCG in Cambodia said its total assets reached $409 million at the end of last year. SCG NEWS CHANNEL

SCG logs growth in Cambodia

Thai construction materials producer Siam Cement Group (SCG) reported a dip in revenue from sales in the fourth quarter of last year, marred by the spread of Covid-19 and seasonal flooding.

According to the company’s unaudited operating results for 2020 received by The Post on February 3, SCG’s total consolidated assets amounted to $24.970 billion, of which $9.451 billion or 38 per cent were in ASEAN outside of Thailand.

Revenue from sales from non-Thai ASEAN operations logged an 11 per cent year-on-year drop to $838 million, accounting for 26 per cent of total revenue from sales. This, it said, “includes sales from both local operation in each ASEAN market and imports from Thai operations”.

In its fourth quarter report, SCG in Cambodia said its total assets rose 18 per cent year-on-year to $409 million.

The company reported $59.7 million in revenue from sales in the Cambodian market for the fourth quarter, down three per cent year-on-year, which it said includes sales of all operations – mainly from its cements manufacturing business and building materials. That figure was $252.3 million for the entire year 2020.

“In this quarter, Cambodia’s economy had been hit by the worst flooding in decades and the first community outbreak of Covid-19. The flooding caused many roads to be damaged and disconnected, the logistics of cement and building materials were severely affected.

“As a result, construction in flooded areas had to stop. Moreover, with the [first case] of local transmission, most Phnom Penh projects had to stop construction.

“These had a direct impact on Cambodia’s construction and real estate sectors. However, with the decrease in demand in the residential, commercial and industrial segments, the government is attempting to boost the economy by investing more in infrastructure.”

SCG president and CEO Roongrote Rangsiyopash said operating performance remained resilient last year amid challenges posed by the Covid-19 pandemic, due to the “collective effort” of company staff, who he said “placed great priority on safety and business continuity”.

He said: “The team adopted new strategies and introduced a series of agile business approaches from modifying business plans, altering sales proportions and developing the Active Omni-Channel to meet changing customer behaviours.

“With proactive measures and determination from all of SCG’s people, I believe SCG will once again overcome the uncertainties raised by the new wave of the Covid-19 pandemic.”


  • Joy as Koh Ker Temple registered by UNESCO

    Cambodia's Koh Ker Temple archaeological site has been officially added to UNESCO’s World Heritage List, during the 45th session of the World Heritage Committee held in Riyadh, Saudi Arabia, on September 17. The ancient temple, also known as Lingapura or Chok Gargyar, is located in

  • Famed US collector family return artefacts to Cambodia

    In the latest repatriation of ancient artefacts from the US, a total of 33 pieces of Khmer cultural heritage will soon return home, according to the Ministry of Culture and Fine Arts. In a September 12 press statement, it said the US Attorney’s Office for the

  • Cambodia set to celebrate Koh Ker UNESCO listing

    To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable

  • Kampot curfew imposed to curb ‘gang’ violence

    Kampot provincial police have announced measures to contain a recent spike in antisocial behaviour by “unruly’ youth. Officials say the province has been plagued by recent violence among so-called “gang members”, who often fight with weapons such as knives and machetes. Several social observers have

  • CP denied registration documents by ministry

    The Ministry of Interior will not reissue registration documents to the Candlelight Party (CP). Following a September 21 meeting between ministry secretary of state Bun Honn and CP representatives, the ministry cited the fact that there is no relevant law which would authorise it to do

  • Manet touches down in Beijing for high-level meetings

    Prime Minister Hun Manet arrived in Beijing on September 14 for his first official visit to China, where he is slated to attend the 20th China-ASEAN Expo and meet other leaders including Chinese President Xi Jinping. Upon his arrival, Manet laid a wreath at the Monument