COMPANY PROFILE
Supporting Thailand's development for more than 50 years The second-largest cement producer in Thailand An innovative supplier of cement products, services and solutions Expands network to the Regional including Cambodia, Bangladesh, Vietnam and Sri Lanka Operates businesses under Corporate Governance
COMPANY HISTORY & PROFILE
The company was first established on May 16, 1969 as Siam City Cement Company Limited with the initial registered capital of 100 million baht and began cement production after the completion of its cement plant in 1972.
After five years of continuously successful operation, the company proudly became a listed company in the Stock Exchange of Thailand in 1977. Then in 1981, the company’s Saraburi plant endeavored to replace the imported bunker oil used as fuel in cement production to domestically sourced lignite coal.
In order to reduce the consumption of fuel which represented a major cost of cement production, in 1989 the company became the first cement producer in Southeast Asia to introduce a waste heat recovery system which converted heat captured from the cement kiln to produce electricity. Then in 1993, the company was officially renamed “Siam City Cement Public Company Limited” to reflect the nature of its being a fully listed company in Thailand’s stock exchange.any was officially renamed “Siam City Cement Public Company Limited” to reflect the nature of its being a fully listed company in Thailand’s stock exchange.
A major development at the company came in 1998 when Holcim Limited of Switzerland became a major shareholder. Then in 1999, debt restructuring and refinancing was completed with the capital increased to 3,000 million baht. Siam City Cement Plc continued to expand their production capacity and new products in the market while.
On December 21,2012, a change in major shareholding occurred when Thai Roc-Cem Company Limited and HOLDERFIN B.V. sold their holdings in the amount of 21,390,000 shares in the aggregate, representing 9.3 percent of the issued and outstanding capital shares of the company, to Bangkok Broadcasting and Television Limited, a company in the Ratanarak Group. Thus, the proportion of the Ratanarak Group shareholding to increase to 104,360,272 shares or approximately 45.37 percent of the issued and outstanding capital shares.
In 2013, SCCC acquired assets of two Superblock Plc light-weight block plants-the Singburi operations early in the year, and the Ratchaburi plant towards the end of the year.
In 2014, the Company became the first cement manufacturer in Thailand to be awarded the Carbon Footprint for Product (CFP) and Carbon Footprint Reduction labels from the Thailand Greenhouse Gas Organization (TGO). Moreover, the Company also received the Green Industry Level 5 (Green Network) Award for all of its plants, which is the highest award provided by the Ministry of Industry. This makes SCCC the first Company in the Thai cement industry awarded with Green Industry Level 5 certification for all of its cement manufacturing facilities.
On 30 March 2015, Holcim sold 57,270,000 shares or equivalent to 24.9 percent of the total issued shares of SCCC to Jardine Cycle & Carriage Ltd. (“JC & C”), Singapore-listed subsidiary of Jardine Matheson Group.
In September 2015, the inception of the ASEAN Economic Community (AEC) presented us with an opportunity for regional business growth. Thus we have taken steps to expand into more overseas markets. A joint venture was created to build a cement plant in the Kingdom of Cambodia under the name of Chip Mong INSEE Cement Corporation. SCCC held a 40 percent stake in this joint venture, with the remaining 60 percent held by Chip Mong Group Company Limited and three of the family members. Chip Mong INSEE Cement Corporation was officially established in December 2015. This cement plant, which was the most modern plant in the Kingdom of Cambodia, has the dry process cement kiln with an annual production capacity of 1.5 million tons.
At the end of 2015, SCCC was awarded 6 awards in Thailand and ASEAN energy awards in 3 categories, namely Special Submission, Off-Grid-Thermal, and Tropical Building. Such awards are our prides to encourage organizations of both state and private sectors to be aware of the importance on the efficient use of energy as well as to elevate Thai energy standard level to comparatively equal to that of international standard, as well.
In 2016, opportunities arose with many attractive companies becoming available in the acquisition market, including CEMEX (Thailand), CEMEX (Bangladesh) and Holcim (Lanka), which we readily acquired. Meanwhile, SCCC bought some assets in Valence Corporation Limited (Thailand), and specific interests were tabled for the possible acquisition of Holcim (Vietnam). In addition, the Company disposed all of investment in Holcim Cement (Bangladesh) Co., Ltd. at the amount of USD 16.92 million or equivalent to approximately Baht 590.1 million to Holderfin B.V., Netherland in November 2016.
In 2017, the transfer of the acquisition of 65% of the total charter capital of Holcim (Vietnam) Co., Ltd. (“HVL”) from LafargeHolcim Limited to the Company was completed on 28 February 2017. On 23 March 2017, the Company established a new subsidiary, Siam City Cement Trading Co., Ltd., to operate trading, import and export business.
In addition, the Company increased its registered capital to 2,980 million baht from the resolution of Annual General Meeting of Shareholders No. 24 on 31 March 2017. In 2018, the Company continued to develop and expand the products of its subsidiaries to serve the market demand such as expansion of the INSEE Superblock’s wall-panel solution business, and in expansion of INSEE Ecocycle’s industrial cleaning services and Municipal Solid Waste/Refused Derive Fuel management (MSW/RDF).
Currently, the Company has determined to grow the business portfolio and to expand its revenue base, and thus has expanded its businesses and established local and foreign subsidiary and joint venture companies in Southeast Asia and South Asia. As the Company has been producing and marketing high-quality and innovative cement products domestically and in Asia, the subsidiary and associated companies were also hard at work to develop products and services related to the Company’s core business encompassing operations involving many types of construction products and fiber-cement decorative materials for architectural works both domestically and abroad. Also, well advanced were peripheral businesses such as waste management, industrial cleaning services and international seaborne trade.
2021
Established
"INSEE Sustainability Ambition 2030"
2020
Thailand's Top
Corporate Brand Value 2020
2019
50 Years INSEE
Thailand's Top
Corporate Brand Value 2019
2018
Thailand's Top Corporate Brand
Value 2018
2017
Business Expansion in cement business, named “Siam City Cement (Vietnam)”
Thailand's Top Corporate Brand
Value 2017
2016
Business Expansion in cement business, named “Siam City Cement (Lanka)”
Business Expansion in cement business, named “Siam City Cement (Bangladesh)” and “Globe Cement”
Partial Asset Acquired in industrial cleaning service business “Valence Corporation”
2015
Jardine Matheson Group becomes shareholder
Investment on Joint Venture Company in Kingdom of Cambodia “Chip Mong INSEE Cement Corporation”
2014
Awarded Green Industry level 5 (Green Network) for all three plants, by Ministry of Industry
Awarded Carbon Footprint for Products by Thailand Greenhouse GasManagement Organization
Awarded Carbon Footprint Reduction Label for INSEE cement products as the first Thai cement producer to certified this award by Thailand Greenhouse Gas Management Organization
2013
Assets acquired of light-weight block,named “INSEE SUPERBLOCK”
GPS tracking system fully installed on all bulk fleet of vehicles
2012
Introduction of VAS (value added services) INSEE FloorCrete and FloorApplication
Inroduction INSEE ThruCrete
2011
Introduced of “NET PROMOTER SCORE” Expanded of “INSEE CLUB CARD” Completed of the 2nd Mortar line
2010
Developed new INSEE SUPER PLUS
Introduced INSEE DURACEM
2009
Certified for Carbon Label by Thailand Environmental Institute and Thaland Greenhouse Gas Management Organization for INSEE Petch, INSEE Dang,INSEE Dam and INSEE Fah for reducing CO2 emission more than 10% during the last five years which confirm our commitment to help reduce climate change and preserve the environment
Awarded for outstanding workplace 2008 (Excellent LaborRelations and LaborWelfares) for the third consecutive year
OH&S 5 Cardinal Rules launch and implement to achieve OH&S objective "Zero Harm to People"
2008
Awarded SCCC was one of the first companies in Thailand to be awarded the CSR-DIW certification by the Department of IndustrialWork, Ministry of Industry, to certifiy of its compliance with ISO 26000 guidelines for Corporate Social Responsibility
Thailand Corporate Excellence Awards 2007 SCCC was among the only eight Thai companies named by senior executives of top corporations as a candidate for the "Thailand Corporate Excellence Awards 2007".The Awards were organized by the Thailand Management Association and the SASIN Institute.
Awarded for outstanding workplace 2008 (Excellent Labor Relations and Labor Welfares)
2007
Awarded for OUTSTANDING WORKPLACE 2007 (Excellent Labor Relations and Labor Welfares)
2006
INSEE concrete franchise
OH&S 12 Golden Rules launched to reinforce OH&S performance
Start-up aggregate business for Siam City Concrete
Certificates from Department of Industrial Works Ministry of Industry on pleasant and environmental friendly Plants in honour of HM the King's 60th years accession to the Throne
2005
Introducing "INSEE Mortar Max" a ready-to-use dry mortar
Repositioning Corporate and Products under the "As I Wish" Branding Campaign
2003
The Best Company Voted Best Company in Thailand and Best Asia Company in the Construction Sector in Euromoney Asian company survey
TV CAMPAIGN (INSEE TONG 2006)
INSEE TONG Launch of INSEE TONG, Thailand's 1st premium masonry cement
2002
INSEE (Eagle) family Launch of INSEE (Eagle) family of cement products
Inauguration of AFR blending plant
Siam City Cement long-term debt reduced to zero
2001
Awarded TIS 18001 CERTIFICATION
2000
Launch of webSALES initiative
Awarded the 2000 Best Practices on Corporate Governance
Awarded the Audit Committee of the Year 2000
1999
Introduction of Alternative Fuels and Raw Materials (AFR) program
1998
Awarded ISO 14001 Certification
Holcim becomes shareholder in SIAM CITY CEMENT
1997
Awarded ISO 9002 Certification
1996
Annual production CAPACITY EXCEEDS 12 MILLION TONS
1993
Siam City Cement Public Company Limited In 1993, it changed its status to a public company and its name to Siam City Cement Public Company Limited
1989
Introduction of 1st waste heat recovery system in Southeast Asia
1981
Domestic lignite Imported bunker oil kiln fuel replaced with domestic lignite
1977
Listed on the Stock Exchange of Thailand
1972
SCCC started
cement production
1969
The Company was established
in 1969 as Siam City Cement Company Limited
2021 - 2020
2021
Established "INSEE Sustainability Ambition 2030"
2020
Thailand's Top Corporate Brand Value 2020
2019 - 2015
2019
50 Years INSEE
Thailand's Top Corporate Brand Value 2019
2018
Thailand's Top Corporate Brand Value 2018
2017
Business Expansion
in cement business, named “Siam City Cement (Vietnam)”
Thailand's Top Corporate Brand Value 2017
2016
Business Expansion
in cement business, named “Siam City Cement (Lanka)”
Business Expansion
in cement business, named “Siam City Cement (Bangladesh)” and “Globe Cement”
Partial Asset Acquired
in industrial cleaning service business “Valence Corporation”
2015
Jardine Matheson Group
becomes shareholder
Investment on Joint Venture Company
in Kingdom of Cambodia “Chip Mong INSEE Cement Corporation”
2014 - 2010
2014
Awarded
Green Industry level 5
(Green Network) for all three plants, by Ministry of Industry
Awarded
Carbon Footprint for Products
by Thailand Greenhouse GasManagement Organization
Awarded
Carbon Footprint Reduction Label
for INSEE cement products as the first Thai cement producer to certified this award by Thailand Greenhouse Gas Management Organization
2013
Assets acquired
Assets acquired of light-weight block,named
“INSEE SUPERBLOCK”
GPS tracking
system fully installed on all bulk fleet of vehicles
2012
Introduction of VAS
(value added services) INSEE FloorCrete and FloorApplication
Inroduction INSEE ThruCrete
2011
Introduced of “NET PROMOTER SCORE
Expanded of “INSEE CLUB CARD
Completed of the 2nd Mortar line
2010
Developed new
INSEE SUPER PLUS
Introduced INSEE DURACEM
2009 - 2005
2009
Certified for Carbon Label
by Thailand Environmental Institute and Thaland Greenhouse Gas Management Organization for INSEE Petch, INSEE Dang,INSEE Dam and INSEE Fah for reducing CO2 emission more than 10% during the last five years which confirm our commitment to help reduce climate change and preserve the environment
Awarded
for outstanding workplace 2008 (Excellent LaborRelations and LaborWelfares) for the third consecutive year
OH&S 5 Cardinal Rules launch
and implement to achieve OH&S objective "Zero Harm to People"
2008
Awarded
SCCC was one of the first companies in Thailand to be awarded the CSR-DIW certification by the Department of IndustrialWork, Ministry of Industry, to certifiy of its compliance with ISO 26000 guidelines for Corporate Social Responsibility
Thailand Corporate Excellence Awards 2007
SCCC was among the only eight Thai companies named by senior executives of top corporations as a candidate for the "Thailand Corporate Excellence Awards 2007".The Awards were organized by the Thailand Management Association and the SASIN Institute.
Awarded for outstanding workplace 2008
(Excellent Labor Relations and Labor Welfares)
2007
Awarded
for OUTSTANDING WORKPLACE 2007 (Excellent Labor Relations and Labor Welfares)
2006
INSEE concrete franchise
OH&S 12 Golden Rules
launched to reinforce OH&S performance
Start-up
aggregate business for Siam City Concrete
Certificates from Department of Industrial Works
Ministry of Industry on pleasant and environmental friendly Plants in honour of HM the King's 60th years accession to the Throne
2005
Introducing
"INSEE Mortar Max"
a ready-to-use dry mortar
Repositioning Corporate
ปรับกลยุทธ์
and Products under the
"As I Wish" Branding Campaign
2003 - 1999
2003
The Best Company
Voted Best Company in Thailand and Best Asia Company in the Construction Sector in Euromoney Asian company survey
INSEE TONG
Launch of INSEE TONG, Thailand's 1st premium masonry cement
TV CAMPAIGN (INSEE TONG 2006)
2002
INSEE (Eagle) family
Launch of INSEE (Eagle) family of cement products
Inauguration
of AFR blending plant
Siam City Cement
long-term debt reduced to zero
2001
Awarded
TIS 18001 CERTIFICATION
2000
Launch of webSALES initiative
Awarded
the 2000 Best Practices on Corporate Governance
Awarded the Audit Committee
of the Year 2000
1999
Introduction of Alternative
Fuels and Raw Materials (AFR) program
1998 - 1989
1998
Awarded
ISO 14001 Certification
Holcim
becomes shareholder inSIAM CITY CEMENT
1997
Awarded
ISO 9002 Certification
1996
Annual production CAPACITY EXCEEDS 12 MILLION TONS
1993
Siam City Cement Company Limited
In 1993, it changed its status to a public company and its name to Siam City Cement Public Company Limited
1989
Introduction of 1st
waste heat recovery system in Southeast Asia
1981 - 1969
1981
Domestic lignite
Imported bunker oil kiln fuel replaced with domestic lignite
1977
Listed on the Stock Exchange of Thailand
1972
SCCC started
cement production
1969
The Company was established
in 1969 as Siam City Cement Company Limited