Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Thailand
  4. Stock Exchange of Thailand
  5. The Siam Cement
  6. News
  7. Summary
    SCC   TH0003010Z04


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Siam Cement PCL : The Dow Chemical Company and SCG Turn Recycled Plastics into Roads in Thailand (SCG Chemicals)

07/09/2018 | 09:54am EDT

  • Using recycled plastic as a material in road development provides a positive end of life solution which helps reduce marine debris and promote a circular economy.
  • Recycled plastic properties enhance road performance

Dow Thailand Group and SCG announced a joint effort to turn recycled plastics into asphalt roads which will help reduce plastic marine debris, enhance road performance and potentially reduce greenhouse gas emissions during road construction.

Currently, Thailand is ranked 6th out of 192 countries as the major contributor of plastic ocean debris. According to the Department of Marine and Coastal Resources, there is approximately 11.5 million tons of waste in the country's 23 coastal provinces with more than 1.5 million tons consisting of plastics. Dow and SCG are working together to provide a valuable end of life solution to that plastic waste to ensure it does not end up as marine debris. This project helps further Dow's 2025 Sustainability Goals to advance a circular economy by delivering solutions to tackle environmental issues, raise awareness on recycling and reuse of plastics and create a sustainable business environment for plastics producers and consumers alike.

'Dow's 2025 Sustainability Goals can only be achieved by partnering with like-minded organizations who share our mission in the communities where we live and work,' said Jeff Wooster, global sustainability director, Dow Packaging & Specialty Plastics. 'The collaboration with SCG in finding a valuable end of life solution for plastic waste used in new road development brings us one step closer to realizing these goals, as well as minimizing the environmental footprint of plastics.'

Dow recently partnered in India and Indonesia to conduct similar projects that turned recycled plastic into asphalt roads. In India, more than 100 metric tons of recycled plastics were converted to roads that stretched 40 kilometers in the cities of Pune and Bangalore. In Depok, Indonesia, the first plastic road trial resulted in turning 3.5 metric tons of plastic waste into a road nearly two kilometers in length which covered a total area of 9,781 square meters. This technology helped create a new value to plastic waste that otherwise would be landfilled or in the environment as land or ocean litter.
This project combines Dow's knowledge and expertise in materials science with our close collaborations across the industry to result in something that is good for our communities as well as the environment,' said Chatchai Luanpolcharoenchai, president of Dow Thailand Group. 'This solution is one of the ways we are advancing a circular economy right here in Thailand.'

Roongrote Rangsiyopash, president and CEO of SCG said, 'SCG has been partnering with local and international organizations to create sustainable circular economy. This collaboration with Dow Thailand Group will create value to plastic waste and enhance knowledge and expertise exchange in technology and R&D, which SCG always values as tools to enrich circular economy. This recycled plastic-based road innovation is environmentally friendly and will genuinely improve people's quality of life.'

About Dow

The Dow Chemical Company (Dow) combines science and technology knowledge to develop premier materials science solutions that are essential to human progress. Dow has one of the strongest and broadest toolkits in the industry, with robust technology, asset integration, scale and competitive capabilities that enable it to address complex global issues. Dow's market-driven, industry-leading portfolio of advanced materials, industrial intermediates, and plastics businesses deliver a broad range of differentiated technology-based products and solutions for customers in high-growth markets such as packaging, infrastructure, and consumer care. Dow is a subsidiary of DowDuPont (NYSE: DWDP), a holding company comprised of Dow and DuPont with the intent to form three strong, independent, publicly traded companies in agriculture, materials science and specialty sectors. More information can be found at www.dow.com.


Siam Cement pcl published this content on 09 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 July 2018 13:53:06 UTC

ę Publicnow 2018
All news about THE SIAM CEMENT
06/01SIAM CEMENTá : Disclosure of the Roadshow Presentation on the Company's Website
05/28SIAM CEMENTá : Disclosure of the Roadshow Presentation on the Company's Website
05/28SIAM CEMENTá : Appointment of SCG Executive
05/17SIAM CEMENTá : Chemicals Business, SCG, Taps into Recycled Plastic Market in Eur..
05/12SIAM CEMENTá : Management Discussion and Analysis Quarter 1/2021 (Reviewed)
05/12SIAM CEMENTá : Reviewed Quarter 1/2021 and Consolidated F/S (F45)
05/10SIAM CEMENTá : SCG Packaging Public Company Limited enters into 75% Share Purcha..
05/05SIAM CEMENTá : Disclosure of the Roadshow Presentation on the Company's Website
04/30Nomura Adjusts Siam Cement's Price Target to 544 Baht From 453 Baht, Keeps at..
04/28SIAM CEMENTá : Disclosure of the Analyst Conference Presentation Q1/2021 on the ..
More news
Sales 2021 465 B 14 914 M 14 914 M
Net income 2021 44 090 M 1 415 M 1 415 M
Net Debt 2021 193 B 6 177 M 6 177 M
P/E ratio 2021 11,5x
Yield 2021 4,11%
Capitalization 504 B 16 173 M 16 172 M
EV / Sales 2021 1,50x
EV / Sales 2022 1,46x
Nbr of Employees 54 224
Free-Float 56,3%
Duration : Period :
The Siam Cement Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE SIAM CEMENT
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 22
Average target price 499,86 THB
Last Close Price 420,00 THB
Spread / Highest target 33,3%
Spread / Average Target 19,0%
Spread / Lowest Target 0,00%
EPS Revisions
Managers and Directors
Roongrote Rangsiyopash President, Chief Executive Officer & Director
Thammasak Sethaudom Chief Financial Officer, VP-Finance & Investment
Satitpong Sukvimol Chairman
Yuttana Jiamtragan Vice President-Corporate Administration
Sumet Tantivejkul Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
THE SIAM CEMENT11.11%16 173
SIEMENS AG17.94%134 310
3M COMPANY14.77%116 289