SCG (Siam Cement Group) reported a slight revenue increase to 609.9 billion PHP in the first nine months of 2024. However, EBITDA (Earnings Before
SCG pledges commitment to green initiatives and Inclusive Green Growth, contributing to lower carbon dioxide emissions.SCG reported a slight revenue increase to 609.9 billion PHP in the first nine months of 2024.
The company is also streamlining operations, discontinuing unprofitable ventures like SCG Express and OITOLABS India, and exploring potential asset divestments. In the long term, green initiatives and Inclusive Green Growth approach present business opportunities and advantages. Meanwhile, SCG Chemicals faces ongoing challenges from global economic conditions and industry headwinds.
SCG Green Polymer™ continues to gain traction, with recent partnerships yielding eco-friendly packaging solutions.
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Siam Cement Group Aims for Cost Reduction and Business Restructuring Amid Economic ChallengesSCG, Siam Cement Group, reported a slight revenue increase to P609.9 billion in the first nine months of 2024, but saw a 10% decrease in EBITDA. Despite economic turbulence, SCG forecasts a three percent revenue increase for 2024 and is implementing cost-cutting measures, optimizing working capital, and restructuring operations.
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Local Cement Makers Support DTI’s Review of Cement Import IncreaseLocal cement manufacturers have expressed their support for the Department of Trade and Industry’s (DTI) initiative to assess the impact of increased cement imports on the domestic industry. This move comes in response to Acting Trade Secretary Cristina Roque’s launch of a preliminary safeguard measures investigation.
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Cement group commends DTI’s safeguard probeThe Cement Manufacturers Association of the Philippines (CeMAP) and Eagle Cement Corp. expressed their full support and gratitude to the Department of
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Group backs DTI probe on increased cement importationLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
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Business group backs DTI’s probe on cement dumpingThe Federation of Philippine Industries (FPI) expressed support for Department of Trade and Industry (DTI) Secretary Cristina Roque’s decision to launch a
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Philippine Cement Industry Backs Pumped Up by DTI's Move Against Excessive ImportsThe Cement Manufacturers Association of the Philippines (CeMAP) and Eagle Cement Corporation have expressed their full support for the Department of Trade and Industry's (DTI) Motu Proprio Preliminary Safeguard Measures investigation on cement imports. This initiative is aimed at ensuring fair competition and protecting the local cement industry from excessive imports. CeMAP and Eagle Cement Corporation have submitted their respective support documents to DTI, while the Federation of Philippine Industries also backs a strong supporter of the measure.
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