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SCG targets 5-10% growth in sales this year

Siam Cement Group (SCG) has targeted growth in sales revenue of 5-10 per cent this year from Bt399.94 billion last year, its president Roongrote Rangsiyopash said on Thursday.

The growth will be driven by its two core businesses – chemicals and packaging.

Roongrote said he expected demand for cement and building materials to rebound in the second half of the year.

The company has set its investment budget this year at Bt65 billion-Bt75 billion. Most of that money will be spent to expand promising projects.

Last year SCG spent Bt58 billion of its Bt60 billion investment budget.

Related story: SCG announces strong operating results despite pandemic

Published : January 28, 2021

By : The Nation