Village Connect
SCG (Siam Cement Group) continues to navigate a challenging global landscape with a strategic focus on cost reduction, sustainable growth, and operational efficiency. In the first nine months of 2024, the company reported a modest revenue increase to 609.9 billion PHP, despite a 10% decline in EBITDA to 38,768 MB.
To counter pressures from global economic turbulence, petrochemical downturns, and domestic competition, SCG has implemented cost-cutting measures, including a $144 million reduction by 2025 and a $287 million decrease in working capital by Q1/2025. The company is streamlining operations, exiting unprofitable businesses like SCG Express and OITOLABS India, and investing $700 million in the Long Son Petrochemicals (LSP) project to enhance efficiency and global competitiveness.
Sustainability remains a cornerstone of SCG’s strategy. The company is advancing green initiatives, such as increasing alternative fuel use in Thai cement plants and accelerating its Generation 2 Low Carbon Cement, which has achieved an 86% replacement rate. The SCGC GREEN POLYMER™ brand is also expanding, delivering eco-friendly packaging solutions through strategic partnerships.
SCG’s ASEAN operations, particularly in Vietnam and Indonesia, have driven 10% sales growth in the past nine months. The company is innovating across sectors, from 3D printing in construction with Samsung E&A to developing clean energy solutions through SCG Cleanergy.
Additionally, SCG supports a low-carbon future through its NET ZERO Accelerator Program, equipping SMEs and government executives with tools to reduce costs and foster green innovation. Despite mixed performance in its domestic cement and construction sectors, SCG remains focused on sustainable products and efficient construction solutions.
With a commitment to environmental stewardship, innovation, and social responsibility, SCG is poised to adapt and thrive in a rapidly evolving market.
