Thai construction materials producer Siam Cement Group Public Company Limited (SCG) reported strong business growth in Cambodia last year, as revenue from its subsidiaries’ sales in the Kingdom enjoyed double digit growth.

According to an SCG press release on Wednesday, revenue from sales in its Cambodia operation rose to $396 million, a 15 per cent jump compared to sales revenue in 2017. The total sales revenue last year was contributed mostly from the firm’s flagship product, cement.

“SCG will continue to expand opportunities to export innovative products and services following up on the global market direction to meet the consumer needs,” SCG president and CEO Roongrote Rangsiyopash said in the release.

The firm’s representative could not be reached for further details about the source of revenue from last year’s sales.

Demand for construction materials

SCG currently has six subsidiaries firms in Cambodia – Kampot Cement Co Ltd, SCG Concrete Roof (Cambodia) Co Ltd, CPAC Cambodia Co Ltd, CPAC Plank Cambodia Co Ltd, NAWA-CAM Co Ltd and SCG Trading (Cambodia) Co Ltd.

Cambodia Constructors Association general manager Chiv Sivpheng said demand for construction materials has been increasing annually as the Kingdom’s construction industry grows. With increasing population and urbanisation, Sivpheng said the construction industry is expected to continue expanding and benefit local producers.http://www.phnompenhpost.com/business/siam-cement-sales-jump-cambodia