SCG keeps flat 2020 horizon on uneven prospectsSiam Cement Group (SCG), Thailand's largest cement maker and industrial conglomerate, expects 2020 revenue to stay flat because global and local economic sentiment are unfavourable. SCG announced operating results in 2019 dipped 8% year-on-year to 438 billion baht, largely down to a decline in chemical prices. In 2019, SCG's revenue from sales of high value-added (HVA) products and services reached 179 billion baht, a decrease of 3%. SCG spent 5.67 billion baht on R&D activities in 2019, which was 1% of total revenue. Revenue for the chemicals segment fell 20% year-on-year to 178 billion baht because of lower product prices.

Source: Bangkok Post January 29, 2020 21:22 UTC