SCG Cement-Building Materials expects revenue in 2020 to grow slightly at 1-2%, in line with the country's construction and property sectors. "SCG Cement-Building Materials is changing its business model, focusing on innovative and digital technologies that should support SCG's performance in the long run," said Mr Nithi. SCG Cement-Building Materials recorded revenue of 140 billion baht in the first nine months, up 2% year-on-year thanks to the growth of distribution and retail businesses. In 2018, SCG Cement-Building Materials posted revenue of 183 billion baht, making up 12.6% of total revenue of Siam Cement Group (SCG). For renovated properties, SCG forecasts 7% growth in 2020 from this year, projecting a segment value of 30 billion baht.

Source: Bangkok Post November 21, 2019 23:32 UTC