MANILA-- Thai firm Siam Cement Group is optimistic with in its business operations in the Philippines with the country's robust economic growth and construction sector, a government press release said.
SCG Philippines Country Director PhaskornBuranawit the company's projected growth for the next three years is the same with forecasted gross domestic product (GDP) growth rate at 6.0 to 7.0 percent.
In 2016, SCG Philippines' revenue grew by 10 percent to around Php 10 billion.
In the same year, the Thai company invested some PHP60 million here to boost the production capacity of its ceramic subsidiary Mariwasa Siam Ceramics Inc.
Aside from Mariwasa, SCG's subsidiaries here include United Pulp and Paper Company Inc., SCG Trading Philippines Inc., Green Siam Resources Inc., Green Alternative Technology Specialist Inc., SCG Marketing Philippines Inc., and CPAC Monier Philippines Inc.
Burnawit added that SCG has introduced new products for sustainable infrastructure in the Philippine market.
These new products include:
--SCG Portland Cement, a fiber cement which is a new trend for sustainable construction, and is used in international infrastructure such as Kizuna Bridge in Cambodia, LuangPrabang Airport in Laos, Sakura Tower in Myanmar, and DusitThani Hotel;
--SCG Smartwood, a fiber cement wood substitutes, which is more durable and less prone to shrinkage, warping, and bending; and
--SCG Smartboard, which is used for walls and floors.* PNA
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