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SCG growing well in Vietnam

Released at: 18:15, 06/11/2017

SCG growing well in Vietnam

Photo:SCG

Third quarter business results show healthy growth all round and also in Vietnam.

by Ngoc Chi

SCG has announced its operating results for the first nine months this year, with impressive growth seen in Vietnam.

Total third quarter revenue from sales totaled VND6.885 trillion ($302.9 million), an increase of 32 per cent year-on-year and mainly from packaging and cement-building materials. 

Revenue from sales in Vietnam during the period was VND19.185 trillion ($844.1 million).

SCG Concrete Roof Vietnam has been recognized as the first concrete roof tile manufacturer in Vietnam to receive three major certifications in international standards: ISO:9001 for Business Management, ISO:14001 for Environmental Management, and OHSAS:18001 for Occupational Health and Safety.

The accomplishment is in line with SCG’s direction of improving operational standards to comply with international management systems and bring a better living for Vietnamese people.

Mr. Roongrote Rangsiyopash, President and CEO of SCG, said that in the first nine months, SCG’s revenue from sales of high value added (HVA) products and services was VND87.127 trillion ($3.83 billion), up 7 per cent year-on-year and accounting for 39 per cent of total revenue from sales.

The company invested more than VND1.6 trillion ($70.4 million), or 0.7 per cent of revenue from sales, towards research and development (R&D) during the period. SCG supports the creation of innovation by connecting R&D collaborations from around the world through the Open Innovation Center, to co-create and co-develop product and service innovations that can more quickly and better serve the demands of customers.

More than 6,500 people have visited the center to date, with more than 30 projects in the pipeline for further collaborations in R&D. SCG is also pushing ahead to work with startup networks around the world through investments by AddVentures, the company’s corporate venture capital (CVC) arm. SCG recently invested in Funds of Funds through its world-class venture capital arm to promote sustainable growth of startup ecosystems across the region.

Moreover, the company continues to drive its business strategy in response to digital transformation and Industry 4.0 by utilizing the Internet of Things (IoT) to continually maximize business efficiency. For example, technology is applied to use on detecting the amount of cement in silos, connect logistic networks, and automatically check customer inventories.

Robotics is also utilized in its production and maintenance processes, bringing more convenient, faster, and safer operations. The technology can usefully replace humans in risky areas and helps to lessen Thailand’s dependency on importing technologies.”

One of the leading conglomerates in the ASEAN region, SCG, comprises three core businesses: SCG Cement-Building Materials, SCG Chemicals, and SCG Packaging. With more than 200 companies under its umbrella and approximately 57,000 employees, it creates and distributes innovative products and services that respond to the current and future needs of consumers.

SCG began its business operations in Vietnam in 1992, with trading, and gradually expanded its investments in diverse businesses in the cement-building materials, chemicals, and packaging industries. Today it has a total of 21 companies in the country, driven by approximately 8,300 employees.

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