Thailand's cement demand is estimated to fall by 10% this year.

< P > < FONT face = Verdana > According to the World Daily of Thailand on February 25, Bamo, managing director of Shayan Cement (SCC), estimated that the cement market demand this year was 25 million tons, down 10% year-on-year, due to the slowdown in the implementation of a number of projects, especially the slow progress of official large-scale infrastructure projects. The company's sales volume will also be reduced to 15 million tons, including 9 million tons for domestic sales and 6 million tons for export.

< P > < FONT face = Verdana > Last year, the company sold 18 million tons worth 50 billion baht, but this year, the global economic slowdown has led to a decline in market demand, which is expected to reduce sales by 3 million tons, Bamo said. SCC will carry out internal reforms, improve management efficiency, strengthen capital flow, consolidate market position and find new markets.

< P > < FONT face = Verdana > Bamo also said that 5.81 billion baht will be invested to improve the energy use system, which will help save 1.64 billion baht, reduce electricity consumption by 25% and reduce emissions by 300,000 tons annually.

< P > < FONT face = Verdana > Bamo pointed out that if the domestic political situation improves and there are no conflicts and disputes, cement demand is expected to return to normal levels in two years, and the global economy should also recover. Last year, the capacity utilization rate of SCC was 75%, which is expected to decrease to 70% this year, requiring the closure of some plants for maintenance.

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