Thai construction materials producer Siam Cement Group Public Company Limited (SCG) reported strong growth in Cambodia last year, as revenue from its subsidiaries’ sales in the kingdom enjoyed double-digit growth.
SCG said revenue from its sales in Cambodia rose to US$396 million, a 15 per cent jump compared to sales revenue in 2017. The total sales revenue last year was contributed mostly from the firm’s main product, cement.
“SCG will continue to expand opportunities to export innovative products and services following up on the global market direction to meet the consumer needs,” SCG CEO Roongrote Rangsiyopash said.
SCG currently has six subsidiaries in Cambodia: Kampot Cement Co Ltd, SCG Concrete Roof (Cambodia) Co Ltd, CPAC Cambodia Co Ltd, CPAC Plank Cambodia Co Ltd, NAWA-CAM Co Ltd and SCG Trading Co Ltd.
Cambodia Constructors Association general manager Chiv Sivpheng said demand for construction materials has been increasing annually as the kingdom’s construction industry grows. With increasing population and urbanisation, Sivpheng said the construction industry is expected to continue expanding and benefit producers, while covering the country in concrete.
“The outlook for the Cambodian construction sector will remain good and will provide significant opportunities for producers to set up production or expand production lines to obtain advantages from the trend,” he said.