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Process Industries

The Siam Cement Public Co. Ltd.

Company Background

Siam Cement is Thailand's largest producer of construction materials. The holding company's three main units are cement and building materials, chemical products and paper. The Cotto ceramics brand is part of its cement and building materials business.


Siam Cement was established in 1913 following a royal decree by His Majesty King Rama VI to produce cement for the increased number of infrastructure projects at that time. The boom in construction was aimed at accelerating the country's economic development. The Crown Property Bureau is still the group's largest shareholder, controlling a 30% stake.


Kan Trakulhoon became CEO of Siam Cement in 2006. He assumed the leadership after filling various managerial posts in areas including the chemical, cement and ceramics sectors.


The company is now pushing to expand abroad ahead of the Asean Economic Community, due to begin at the end of 2015. Most of the company's 250-billion-baht (about $7.7 billion) investment is earmarked for projects outside Thailand over the five years through 2019. Four new cement plants are already in the pipeline for Indonesia, Cambodia, Myanmar and Laos. By increasing overseas production, Kan is aiming for a 2019 target of almost 50% of the Siam Cement global workforce being outside of Thailand, up from the current ratio of 30%.


Business Summary

The Siam Cement Public Co. Ltd. is an investment holding company, which engages in the business of industrial supplies and construction industries. It operates through the following segments: SCG Cement-Building Materials, SCG Chemicals, SCG Packaging, and Other. The SCG Cement-Building Materials segment manufactures and sells of grey cement, ready-mixed concrete, white cement, dry mortar, roof tiles, concrete paving blocks, ceramic tiles, sanitary wares, and sanitary fittings; and distribution of cement, building and decorative products, as well as importing fuel products, waste paper, and scrap iron. The SCG Chemicals segment manufactures and sells of olefins, polyolefins and other chemical products. The SCG Packaging segment manufacture and sells of pulp, printing and writing paper, gypsum linerboard, kraft paper and corrugated boxes. The Other segment jointly invests with leading companies in other businesses, mainly agricultural machine, automotive parts and components and steel, as well as other services. The company was founded on June 14, 1913 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2020 THBUSD
Gross Profit86,723.00M2,771.13M
Operating income37,648.36M1,203.01M
Income before tax33,652.87M1,075.33M
Net income34,143.87M1,091.02M
Diluted EPS28.450.90
Dividends Per Share140.44
Total Assets749,380.87M25,012.71M
Total liabilities353,254.83M11,790.88M
Total equity320,972.17M10,713.35M
Operating cash flow71,135.88M2,273.06M
Currency in THBCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 423,442M 450,920.99M 478,437.64M 437,979.87M 399,939.20M
Gross Profit 102,570M 99,886.03M 91,874.43M 80,517.57M 86,723.00M
Operating income 55,591M 50,341.79M 42,176.39M 26,911.00M 37,648.36M
Income before tax 57,404M 55,241.55M 44,869.46M 27,731.20M 33,652.87M
Net income 56,084M 55,041.24M 44,748.33M 32,014.28M 34,143.87M
EBITDA 78,301M 73,623.81M 67,239.73M 50,842.51M 65,025.62M
Diluted EPS 46.74 45.86 37.29 26.67 28.45
Dividends Per Share 19 19 18 14 14
Total Assets 539,688M 573,412.03M 589,787.38M 634,733.22M 749,380.87M
Total liabilities 258,070M 271,587.11M 271,918.28M 306,990.09M 353,254.83M
Total equity 240,023M 261,097.57M 277,096.52M 280,215.41M 320,972.17M
Operating cash flow 82,184M 72,333.42M 68,833.91M 69,724.52M 71,135.88M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 12,002.12M 13,288.36M 14,799.82M 14,107.99M 12,779.59M
Gross Profit 2,907.26M 2,943.57M 2,842.01M 2,593.59M 2,771.13M
Operating income 1,575.68M 1,483.54M 1,304.67M 866.84M 1,203.01M
Income before tax 1,627.07M 1,627.93M 1,387.97M 893.26M 1,075.33M
Net income 1,589.65M 1,622.03M 1,384.22M 1,031.22M 1,091.02M
EBITDA 2,219.38M 2,169.64M 2,079.97M 1,637.71M 2,077.81M
Diluted EPS 1.32 1.35 1.15 0.85 0.90
Dividends Per Share 0.53 0.55 0.55 0.45 0.44
Total Assets 15,070.66M 17,594.72M 18,113.86M 21,190.44M 25,012.71M
Total liabilities 7,206.54M 8,333.44M 8,351.29M 10,248.80M 11,790.88M
Total equity 6,702.58M 8,011.58M 8,510.33M 9,354.93M 10,713.35M
Operating cash flow 2,329.44M 2,131.62M 2,129.28M 2,245.93M 2,273.06M

Valuation Measures

Dec 2020
Operating margin9.41%
Profit margin8.53%

Key executives

  • President, Chief Executive Officer & Director: Roongrote Rangsiyopash
  • Chief Financial Officer, VP-Finance & Investment: Thammasak Sethaudom
  • Executive Vice President: Cholanat Yanaranop
  • Vice President-Corporate Administration: Yuttana Jiamtragan
  • President-Cement Building Materials Business: Nithi Patarachoke


  • Social Security Office of Thailand (3.8%)
  • Randery Burahmaken Co. Ltd. (1.2%)
  • The Siam Cement Foundation (1.1%)
  • Krungsri Asset Management Co., Ltd. (0.6%)
  • NANA SAK (0.6%)
  • APG Asset Management NV (0.5%)
  • Norges Bank Investment Management (0.5%)
  • TMB Asset Management Co., Ltd. (0.4%)
  • The Caisse de depot et placement du Quebec (0.1%)

Contact Details

  • Website:
  • Address: 1 Siam Cement Road, Bangsue, Bangkok, 10800, Thailand
  • Phone: +66.2.586.4444

Related Companies

  • Mawlamyine Cement Ltd.
  • PT Siam Cement Group Indonesia
  • SCG Chemicals (Singapore) Pte Ltd.
  • SCG Ceramics Public Co. Ltd.
  • SCG Retail Holding Co. Ltd.
  • SCG Trading Philippines, Inc.
  • Siam Cement Group Provident Fund
  • AddVentures
  • SCG Trading Australia Pty Ltd.
  • Cementhai SCT (Jordan) LLD
  • SCG Trading Hong Kong Ltd.
  • AP Packaging (Hanoi) Co. Ltd
  • SCG Trading USA, Inc.
  • SCG Sourcing Co. Ltd.
  • Energy & Environmental Services Co. Ltd.
  • Khmer Cement Industry Co., Ltd.
  • PT Pion Quarry Nusantara
  • PT Boral Indonesia
  • PT Boral Pipe & Precast Indonesia
  • SCIeco Services Co. Ltd.
  • SCG Experience Co. Ltd.
  • Construction Material Marketing Co. Ltd.
  • SCG Trading Co. Ltd.
  • Pan Supplies Co. Ltd.
  • SCG Accounting Services Co. Ltd.
  • Siam Fiberglass Co. Ltd.
  • Cementhai Chemicals Co. Ltd.
  • SCG Legal Counsel Ltd.
  • Q-Con Eastern Co. Ltd.
  • Siam Sanitary Ware Co., Ltd.


  • Diamond Building Products Public Co. Ltd.
  • PT Indocement Tunggal Prakarsa Tbk
  • PT Chandra Asri Petrochemical Tbk
  • PT Semen Indonesia (Persero) Tbk
  • IRPC Public Co., Ltd.
  • Sumitomo Chemical Co., Ltd.
  • Banpu Public Co. Ltd.
Last Updated on 3 Dec, 2021

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