& nbsp; In Thailand, Siam Cement, which also operates in petrochemicals and paper, is at the top of the list. As Thailand's largest cement manufacturer, Thai Cement's biggest profit comes from Thailand's new residential construction boom and China's growing demand for raw materials. Thai Cement reported a third-quarter net profit of 4.9 billion baht (1. $2.3 billion), an increase of 34% over the same period in 2002.
& nbsp; After 1997, Thai Cement benefited from the consolidation of the cement industry in Thailand, as less competition in the market allowed managers to raise prices, and the recovery of demand in the building materials market led to a significant increase in its profits. Thai Cement is also one of the few consortia that has established a regional market, and the company is entering the petrochemical market in the Philippines, Indonesia and Vietnam.
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