According to the World Daily of Thailand on May 24, the vice chairman of the customer service department of Shayan Cement (SCC) in Thailand pointed out that due to the economic impact, the cement market demand is expected to decline by 5% year-on-year this year. The company will revise its development direction and turn to export, targeting neighboring countries such as Cambodia and Laos. Last year, the export volume was 3.7 million tons, which will increase to 4.2 million tons this year.
< BR > Chantana said that although raw material and labor costs have increased, SCC will not raise market prices and pass the pressure on to customers. The company has formulated a long-term plan of 5-10 years to invest 3 billion baht in the development of alternative energy, with an initial investment of 2 million US dollars, which is estimated to reduce production costs by 10%.
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