Siam Cement Group

What Siam Cement Group does

Siam Cement Group (SCG) is a Thailand-based diversified industrial conglomerate founded in 1913, publicly listed on the Stock Exchange of Thailand under ticker SCC, and structured today as nine operating business units: SCG Cement and Green Solutions, SCG Smart Living, SCG Distribution and Retail, SCG Chemicals (SCGC), SCGP (packaging), SCG Cleanergy, SCG Decor (SCGD), SCGJWD (logistics), and a corporate investment arm. Headquartered in Bangkok with operations spanning 19+ countries and 400+ subsidiaries and joint companies, SCG produces cement and low-carbon cement under brands Tiger and CPAC, integrated petrochemicals (olefins, polyethylene, polypropylene, PVC) via the $5.4 billion Long Son Petrochemicals complex in Vietnam, paper and flexible packaging through SCGP, ceramic tiles and sanitary ware under COTTO, PRIME, MARIWASA, and KIA, plus integrated logistics services across ASEAN.

The company generates revenue through a diversified mix spanning B2B industrial sales, multi-year enterprise contracts, government infrastructure projects, authorized dealer networks, SCG HOME retail stores, and cross-border trading via SCG International. Proprietary technology assets include CPAC 3D concrete printing (used for the world's first 3D-printed medical center in Saraburi and a 3D-printed pedestrian bridge in Bangkok), low-carbon cement processes reducing CO2 emissions by 15-20%, SCGC Green Polymer products, AIR ION ceramic tiles capturing PM2.5 at 89% efficiency, and Rondo Energy heat battery technology. Reported 2024 revenue was $14.5 billion USD with H1 2025 EBITDA of 30.3 billion baht, supported by a research and development budget of 6,701 million baht in 2023.

SCG's go-to-market spans direct enterprise sales, authorized dealer networks, retail storefronts under SCG HOME, digital channels, and the SCGJWD logistics platform. The company pursues an "Inclusive Green Growth" strategy anchored by a Net Zero 2050 commitment, MSCI ESG AA rating, S&P Global Top 1% sustainability score, and CDP Climate A- rating. Strategic priorities include low-carbon cement expansion in ASEAN (showcased at Cemtech ASIA 2026), bio-plastics via partnerships with Braskem and Avantium, EV materials through a Denka joint venture, and clean energy investments via Rondo Energy and CubicPV partnerships, while the SCG Cleanergy unit builds out smart grid and floating solar solutions across industrial parks.

Name

Siam Cement Group

Legal name

The Siam Cement Public Company Limited (บริษัทปูนซิเมนต์ไทย จำกัด (มหาชน))

Website

https://scg.com

Company type

Public

Founded year

1913

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Siam Cement Group is a Thai diversified industrial conglomerate operating across cement, petrochemicals, packaging, logistics, decor, and clean energy, serving enterprise and government customers throughout ASEAN via 400+ subsidiaries and the $5.4 billion Long Son Petrochemicals complex in Vietnam.

Ownership category

akta.pro rank

Headquarters

HQ city

Bangkok

HQ country

Thailand

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Cement and Building Materials: SCG's foundational business generating revenue from cement production, concrete products, building materials including tiles, sanitary ware, and construction solutions. Includes low-carbon cement innovations and green building products. The company operates cement plants in Thailand and across ASEAN.
2. Chemicals (Petrochemicals): SCG Chemicals (SCGC) generates revenue from integrated petrochemical operations producing olefins, polyethylene, polypropylene, and polyvinyl chloride. Operations span Thailand, Vietnam, and Indonesia with the Long Son Petrochemicals complex in Vietnam being a major $5.4 billion investment. The business faces feedstock procurement challenges due to Middle East supply disruptions.
3. Packaging (SCGP): SCGP generates revenue from comprehensive packaging solutions including paper packaging, flexible packaging, pulp and paper products, and healthcare/medical supplies. Revenue from environmentally sustainable packaging solutions represents a growing portion. Listed on SET with IPO completed in 2020.
4. Logistics (SCGJWD): SCGJWD provides integrated logistics services including warehouse management, cold chain, freight forwarding, and international shipping across ASEAN. Revenue from logistics operations covering 9+ countries with 14,000+ vehicles and 2.3 million sqm warehouse space.
5. Clean Energy: SCG Cleanergy generates revenue from solar energy solutions including floating solar farms, rooftop solar, and smart grid services. Includes investment in innovative technologies like Rondo Energy's heat battery for industrial decarbonization.
6. Decor Products: SCG Decor (SCGD) revenue from ceramic tiles, sanitary ware, and bathroom fixtures under brands including COTTO in Thailand, PRIME in Vietnam, MARIWASA in Philippines, and KIA in Indonesia. Also includes retail operations and distribution.
7. Distribution and Retail: SCG Distribution and Retail generates revenue from wholesale distribution of building materials and retail operations through SCG HOME stores. SCG International handles cross-border trade and supply chain solutions.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

SCG is a diversified Thai industrial conglomerate that manufactures and sells cement, ready-mixed concrete, low-carbon cement, building materials, petrochemicals (olefins, polyethylene, polypropylene, PVC), green polymers, paper and flexible packaging, ceramic tiles, sanitary ware, and bathroom fixtures. It also provides integrated logistics, solar energy, and smart grid services through nine operating business units and 400+ subsidiaries across ASEAN, serving both enterprise customers and retail consumers via SCG HOME stores and authorized dealer networks.

Differentiator

Problem solved

Functional benefit

Brands

• SCG Cement and Green Solutions: Cement, low-carbon cement, green building solutions, and construction aggregates
• SCG Smart Living
• SCG Distribution and Retail
• SCG Chemicals (SCGC)
• SCGP
• SCG Cleanergy
• SCGD (SCG Decor)
• SCGJWD
• Tiger Brand (ตราเสือ)
• CPAC
• COTTO
• SCGC GREEN POLYMER
• Shinkolite
• Dezpax
• Wake Up Waste
• AddVentures
• SCG HEIM
• ONNEX by SCG
• DRS by REPCO NEX
• elixir
• WINDSOR
• VAROGARD
• SCGP Recycling
• SCG International
• LT by COTTO
• SOSUCO
• CAMPANA

Products and services

• SCG Cement and Green Solutions
• SCG Chemicals (SCGC)
• SCGP (SCG Packaging)
• SCG Decor (SCGD)
• SCG Cleanergy
• SCGJWD Logistics
• SCG HEIM Prefabricated Homes
• ONNEX by SCG
• CPAC 3D Printing Construction Service
• Long Son Petrochemicals (LSP)
• SCG International Corporation
• Binh Minh Plastics

Quantifiable outcome

• Low-carbon cement reduces CO2 emissions by 15-20% compared to ordinary cement
• +5 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

18 partnerships are on record, tiered critical, market expansion, growth, innovation, digital transformation, subsidiary, logistics, sustainability and talent.

• Long Son Petrochemicals (LSP) Feedstock SupplierscriticalTechnology or Integration · 24 April 2026SCG is sourcing feedstocks from alternative suppliers outside the Strait of Hormuz at significantly higher costs, as Long Son Petrochemicals suspends operations from mid-May 2026 due to feedstock procurement challenges from Middle East crisis.
• Seekmi (Indonesia)market expansionStrategic or Co-development Partner · 10 May 2023SCG acquired Seekmi, Indonesian home service marketplace, to expand subsidiary's business into Indonesia leveraging Seekmi's leading position and large customer base.
• Bigbloc Construction (India)growthStrategic or Co-development PartnerJoint venture for AAC block manufacturing including new facility in Kheda near Ahmedabad, India. SCG is expanding capacity through this JV as the sector sees growing adoption of modern construction methods.
• MIT and Oxford UniversityinnovationStrategic or Co-development PartnerSCG collaborates with MIT and Oxford on clean energy, low-carbon cement, and innovative waste-to-energy projects under the 'Passion for Inclusive Green Growth' ESG strategy.
• FPT Corporationdigital transformationStrategic or Co-development PartnerSCG partnered with FPT to drive Intelligent Enterprise and Smart Operations, enhancing organizational capabilities through digital transformation initiatives.
• Rondo Energy (USA)innovationStrategic or Co-development PartnerSCG Cleanergy invested in Rondo Energy, a US-based clean energy startup developing Heat Battery Technology that converts electricity from clean sources into thermal energy (Green Thermal Energy) for industrial decarbonization.
• Denka Company Limited (Japan)growthStrategic or Co-development PartnerSCGC joint venture with Denka for production and distribution of Acetylene Black, a specialty conductive material for lithium-ion batteries in EV applications.
• Braskem (Brazil)innovationStrategic or Co-development PartnerSCG joint venture with Braskem, global bio-plastics leader from Brazil, to produce bio-plastics from sugarcane ethanol, reducing GHG emissions and enabling recyclability.
• Avantium (Netherlands)innovationTechnology or IntegrationSCGC invested in Avantium for plant-based polyethylene furanoate (PEF) technology and CO2-to-plastics conversion technology, developing environmentally friendly plastics from plants.
• CubicPV (USA)innovationTechnology or IntegrationSCG partnered with CubicPV to develop silicon wafer and high-efficiency solar cell innovations, accelerating clean energy transition.
• enVerid (USA)innovationTechnology or IntegrationSCG partnered with enVerid to develop SCG Air Scrubber innovation that reduces building HVAC energy consumption by up to 30% and reduces GHG emissions.
• Sirplaste, KRAS, REKS (Acquisitions)growthStrategic or Co-development PartnerSCGC acquired Sirplaste, KRAS, and REKS to build comprehensive recycling business and expand production capacity for high-quality odorless HDPE PCR resin.
• Nawaplastic Industry Co. Ltd.subsidiaryOthersSCG owns 55% stake in Nawaplastic Industry Co. Ltd., which in turn holds majority stake in Binh Minh Plastics JSC - Vietnam's largest listed plastic pipe maker.
• Yamato Asia Pte. Ltd. (Japan)logisticsChannel Partner/ Reseller/ DistributorSCG partnered with Yamato Asia for SCG Express parcel delivery services.
• Ajinomoto (Thailand)sustainabilityStrategic or Co-development PartnerSCGP partnered with Ajinomoto Thailand for systematic paper recycling initiatives.
• Kao ThailandinnovationStrategic or Co-development PartnerPartnership between KAO-SCGP-SCGC-DOW to launch new Magiclean refill pouches using mono-material innovative packaging that is easier to recycle.
• JWD GroupsubsidiaryOthersSCGJWD created from merger of JWD Group's specialized logistics expertise with SCG Logistics, creating ASEAN's #1 integrated logistics provider.
• Thammasat UniversitytalentGTM or Marketing PartnerSCG partnered with Thammasat University (TU) for Possibilities Space for Young Talent Program 2026, developing young talent and innovation capabilities.

Scale indicators19 records

Recent moves11 records

Expansion highlights7 records

Direct peers

• PTT Public Company Limited: Thailand's flagship energy and petrochemicals conglomerate, comparable to SCG Chemicals (SCGC) for olefins/polymer production and to SCG Cleanergy for energy transition investment — both are large Thai-listed diversified industrial groups competing for downstream petrochemical and clean-energy capital allocation.
• Siam City Cement Public Company Limited: Thailand's other major cement manufacturer, directly competing with SCG Cement and Green Solutions across domestic cement, ready-mix concrete, and construction materials, with overlapping distribution networks and similar end-market exposure to Thai infrastructure cycles.

Broad incumbents

• China National Building Material Company (CNBM): The world's largest cement producer, controlling multiple cement and composites subsidiaries across China and globally. Comparable to SCG in scale-driven cement economics and downstream building-materials integration, though with state-owned governance and a primarily domestic footprint that anchors Asian cement supply-demand dynamics.
• Heidelberg Materials AG: European-headquartered cement, aggregates, and ready-mix concrete major with growing Asia-Pacific exposure. Comparable to SCG's cement franchise in core product mix, downstream integration into concrete, and parallel low-carbon / carbon-capture initiatives.
• Saint-Gobain SA: French building-materials group spanning ceramics, tiles, sanitary ware, insulation, and glass — directly comparable to SCG Decor (COTTO, PRIME, MARIWASA, KIA), with similar light-construction product breadth and emphasis on sustainable building solutions.
• Holcim Ltd: Global cement and aggregates leader with broad building-materials portfolio and active decarbonization roadmap (ECOPact, low-carbon cement). Comparable to SCG's cement and green-solutions business in scale, sustainability positioning, and product breadth, though far larger and more geographically diversified.
• UltraTech Cement Limited: India's largest cement producer and a unit of Aditya Birla Group, with strong scale economics, R&D-led product differentiation, and rapid capacity expansion across South Asia. Comparable to SCG as an emerging-markets cement major investing in capacity, distribution, and sustainability differentiation.
• CRH plc: Ireland-headquartered building-materials group with vertically integrated cement, aggregates, and concrete operations plus an extensive dealer distribution network across multiple continents, mirroring SCG's cement-to-distribution value chain strategy.

Regional players

• PT Semen Indonesia (SIG): Indonesia's largest state-owned cement producer with a multi-brand portfolio and regional ASEAN ambitions — directly comparable to SCG Cement and Green Solutions in terms of regional Asian cement competition, green-product positioning, and downstream concrete exposure.
• Indocement Tunggal Prakarsa Tbk: Indonesia's second-largest cement producer, operating as the Bulog and Indocement brands with vertically integrated ready-mix concrete. Comparable to SCG's Indonesian cement operations as an ASEAN regional cement competitor and a key reference point for Asian cement pricing dynamics.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/scgchannel
• Facebookfacebook.com/SCGofficialpage
• LinkedInlinkedin.com/company/scg_2

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Siam Cement Group