Diversified Thai Conglomerate With Presence Across ASEAN

Diversified Thai Conglomerate With Presence Across ASEAN
<a href="https://pixabay.com/users/Mariamichelle/">Mariamichelle</a> / Pixabay


Siam Cement Public Company Limited is a highly diversified company that engages in chemical, cement and building materials and packaging businesses.

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Siam Cement Public Company Limited

It is headquartered in Thailand and has operations or plants in China, Indonesia, Vietnam, Myanmar, Cambodia and Laos.

Business Description

SCC has three strategic business units. Its cement-building materials segment contributes 36% of total revenues, manufactures and sells grey cement, ready-mixed concrete, white cement, dry mortar and refractory cement. Its plants are in Thailand, Cambodia, Vietnam, Indonesia, Myanmar, China and Laos.

The company’s chemicals segment manufactures and supplies a full assortment of petrochemical products ranging from upstream olefins and intermediate petrochemicals to downstream petrochemicals such as polyethylene (PE) and polypropylene used in lubricants, cars, construction, and film. SCC has developed in-house new forms of PE with improved properties that can be used in high-value added (HVA) products.

Siam Cement Public Company Limited

Upon completion in 2022, the Long Son Petrochemicals project in Vietnam should expand SCC’s capacity by 70%.

SCC rebranded its SCG paper division to SCG packaging to focus on providing packaging for food, beverage and electronics industry including printing paper, paper boxes, corrugated containers.


Chirayu Isarangkun Na Ayuthaya is the Chairman of SCC and has served in this position since 2007. He has held Chairmanship at The Siam Commercial Bank Public Company Limited (SCB TB) along with many other notable positions some of which he still holds. His education includes B.Sc. and Ph.D. in Economics from London School of Economics, UK and the Australian National University respectively.

Siam Cement Public Company Limited

Roongrote Rangsiyopash was appointed the CEO of SCC in 2015. His other current positions include the role of Chairman at Thai British Security Printing Public Company Limited (TBSP TB) and he is also a Director at two other companies. He received his Bachelor’s Degree in Mining from Chulalongkorn University, Thailand, Master’s Degree in Industrial Engineering from the University of Texas, US and MBA from Harvard Business School, US.

World Class Benchmarking

Profitable Growth has been good in recent years, ranked between #2 and #3 since 2013. In the past 12 months, SCC ranked among the top 225 of 750 large Materials companies worldwide.

Profitability has consistently performed well with a slight drop to #3 in the past 12 months. Growth has fluctuated over the years and currently has a low rank of #8.

Siam Cement Public Company Limited

Both Asset utilization and Profit margin have been relatively stable. In the past 12 months, Asset utilization stayed average and Profit margin fell one step in rank to #3.

Sales growth has been relatively poor with most of it ranks at average or below, ranked at #7 in the most recent period. Margin change has been volatile and been worsening since 2015.

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Dr. Andrew Stotz, CFA is the CEO of A. Stotz Investment Research, a company providing institutional investors with ready-to- invest portfolios in Asia that aim to beat the benchmark through superior stock selection. The company also provides buy- and sell-side clients with financial models to value any company in the world and World Class Benchmarking to determine what companies are financially world class. Previously, as Head of Research at CLSA, Andrew was voted No. 1 Analyst in Thailand in the Asiamoney Brokers Polls for 2008 and 2009. He was also voted No. 1 Analyst in Thailand in the 2009 Institutional Investor magazine All-Asia Research Team Report. Andrew earned his PhD in finance at the University of Science and Technology of China in Anhui province, with a focus on answering questions raised by fund managers and analysts during his career about picking stocks and managing portfolios. In addition, Andrew has been a lecturer in finance for 22 years at various universities in Thailand. Since 2013, he has been the president of the CFA Society of Thailand. He is also the author of How to Start Building Your Wealth Investing in the Stock Market.

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