Corporate Profile

Amid the compounding crises, SCG placed strong emphasis on risk management, liquidity management, effective and resilient inventory management in response to the market demand and making prudent strategic investment decisions in nearly completed projects with short lead time to cashflows whilst delaying lower priority investments. The efforts resulted in a robust cash flows of 95,000 Million Baht as at year end 2022.

In the wake of surging energy prices, SCG strived to reduce costs by every possible means, enchance production efficiency, and increase clean energy use. In 2022, SCG achieved a 34% use of alternative fuel for domestic cement operations. Another key contributing initiative was the development of multiple digital technologies for the production process to enhance competitiveness, for example, the Digital Twin and Advanced Process Control simulation technologies, AI robots, and automation machines. On the other end, SCG collaborated across the supply chain of ceramic businesses in four countries, namely, Thailand, Vietnam, Indonesia, and the Philippines to ensure effective multi-plant production rationalization along with developing production technology and innovative products with high value add.

SCG has advanced into the integrated energy transition solutions business, delivering solar energy for residential market, factories, industrial estates, hotels, shopping malls, and hospitals through its Smart Grid technology. In 2022 SCG has solar capacity of 234 megawatts both for internal and external, uses an increase of 78% from the previous year. In addition to investing in heat battery technology (thermal energy storage) that stores solar energy for use when there is no sunlight, SCG is determined to develop high quality biomass and biocoal from agricultural waste and Refused Derived Fuel (RDF) as alternative energy.

In response to consumers’ Preference shift towards more sustainable products and services, SCG has accelerated the development of green solutions that enable consumers to live a more convenient life and become more ecoconscious. For example, eco-friendly polymer, which has gained wide acceptance in the global marketplace, recorded sales of 140,000 tons last year, a growth of 5 times, compostable packaging, and CPAC Green Solution construction technology such as the 3D Printing Solution helped speed up construction and reduce labor costs.

COVID-19 has made more people concerned about their health. In response, SCG has expanded the Smart Living Solution business that helps elevate health safety. The business introduced SCG Bi-ion air disinfection system and SCG Air Scrubber, an energy-saving air purifier. SCG has also developed DoCare, a health and safety monitoring solution that connects homes and hospitals, enabling real-time health monitoring. SCGC has developed plastic resin for medical equipment such as syringes, IV bags and tubes. At the same time, SCGP extended its reach into the medical supplies and labware by partnering with Deltalab of Spain to produce over 150,000 SKUs of products for global distribution.

As the economy has shown signs of recovery with sustained growth, SCG has taken bold moves to expand investment in high potential and sustainable projects into ASEAN and global markets. Examples are Long Son Petrochemicals Company Limited (LSP), an integrated petrochemicals complex in Vietnam scheduled to commence commercial production in 2023, adding to the Company’s petrochemicals capacity by 40% from 6.9 million to 9.8 million tons per annum. Also, SCGC teamed up with Sirplaste company in Portugal to expand the capacity of high quality post-consumer plastic resins aimed to supply to the European and African markets. SCGC also entered into plastic waste recycling business in collaboration with Recycling Holding Volendam B.V. (Kras), a leading waste recycling business in the Netherlands, managing plastic waste to the production of recycled plastic, as well as signed a joint venture agreement with Denka Company Limited in Japan to produce acetylene black, a component for the manufacture of lithium-ion batteries for electric vehicles (EV).

Additionally, SCG plans to take new opportunities arising from economic rebound by providing a complete range of services in logistics and supply chain through SCG JWD Logistics Public Company Limited (SCGJWD). The merged company between SCG Logistics and JWD Info Logistics, which has become ASEAN’s largest integrated logistics and supply chain service provider, offers services for goods that demand special care in all industries, for example, vaccines, expensive artworks, cars, and frozen food with an extensive network across ASEAN and China.

To expand the packaging material recycling business in response to the eco-friendly trends, SCGP acquired stakes in Peute Recycling B.V. (Peute) in the Netherlands and Jordan Trading Inc. (Jordan) in the United States.

SCG pledges to grow businesses in alignment with the ESG 4Plus strategy, encompassing “Set Net Zero, Go Green, Reduce Inequality, and Embrace Collaboration” plus trust through transparency in all operations. The Company takes aim at realizing the Net Zero Target by 2050. In 2022, SCG achieved a reduction of 4.13 million tons in green-house gas emissions through the use of alternative energy, tree planting, and cooperation with multiple networks to construct 115,000 check dams to restore watershed forests. In pursuit of reducing social inequality, SCG focused on promoting skill development initiatives to create careers and generate income for communities and collaborating with a consortium of partners to combat climate emergency and reduce inequality at ESG Symposium 2022.

Throughout the course of 110 years, SCG has grown sustainably alongside the nation’s economic and social advancement. To honor His Majesty as well as commemorate the King’s royal grace in decreeing the establishment of Siam Cement Co., Ltd., SCG has obtained a royal permission to build a statue of His Majesty King Vajiravudh as a memorial representing the gratitude of SCG employees toward His Majesty. Their Majesties the King and Queen subsequently presided over the unveiling ceremony of the statue of His Majesty King Vajiravudh (King Rama VI) at SCG’s Head Office on March 20, 2022.