Siam Cement Group
Siam Cement Group (SET: SCC) is Thailand's largest industrial conglomerate β founded 1913 under Royal endorsement, now majority-controlled by the Crown Property Bureau, institutional holders. FY2024 consolidated revenue ~THB 500-550B. Three core businesses: Cement, Building Materials (cement, concrete, ceramic tile, gypsum board, structural steel), SCGP (SET: SCGP, packaging β Thailand's largest packaging operator), and SCG Chemicals (SCGC SET: SCGC IPO 2023, commodity, speciality chemicals). SCG Logistics operates as an integrated in-house, third-party logistics platform handling SCG internal volume, external B2B freight, warehouse, distribution. Regional operations span Vietnam, Indonesia, Cambodia, Myanmar, Laos, Philippines.
Snapshot
Headline numbers a buyer checks first.
FY2024 revenue
~THB 500-550B
FY2024 consolidated
Ticker
SET: SCC
Listed parent
Founded
1913
Royal endorsement
Listed subs
SCGP, SCGC
Post-2022/2023 IPOs
What this company actually does
SCG operates three listed business lines through a holding-company architecture. SCG Cement, Building Materials: cement plants (Saraburi, Lampang, Khon Kaen, Vietnam, Cambodia, Indonesia), concrete, ready-mix, ceramic tiles (Cotto, Campana), gypsum board, structural steel. SCGP (SET: SCGP): Thailand, ASEAN's largest packaging operator β fibre packaging (containerboard, corrugated boxes for FMCG, e-commerce), flexible packaging (multi-layer films), rigid plastic packaging. SCGC (SET: SCGC): commodity olefins, polyolefins, performance chemicals, green polymer products. SCG Logistics: integrated in-house trucking, warehousing, freight forwarding for SCG internal, external B2B clients.[]
Crown Property Bureau parent linkage provides strategic-capital stability, long-duration ownership. Post-SCGP IPO 2020 and SCGC IPO 2023, the holding-company structure exposes listed-subsidiary economics separately from SCC parent earnings. For investors, SCC is exposure to a diversified industrial, construction, packaging, chemicals, logistics portfolio with regional, ASEAN footprint β unusual for pure-play sector comparisons. Logistics revenue sits inside 'other businesses, logistics' segment disclosure but the operational depth (trucking fleet, cement-logistics, packaging distribution) supports both internal, external freight demand.[]
Three listed business lines
Cement and building materials
SCC parent: ~50% Thai cement market share (duopoly with TPI Polene). Regional: Vietnam (Insee, Saraburi brands), Indonesia, Cambodia. Cotto ceramics, gypsum board, ready-mix concrete adjacent.
SCGP (packaging)
SET:SCGP, IPO 2020. Thailand's largest listed packaging operator. Fibre packaging (containerboard, corrugated for e-commerce, FMCG), flexible packaging (multi-layer films), rigid plastic. Regional ASEAN scale.
SCGC (chemicals)
SET:SCGC, IPO 2023. Commodity olefins, polyolefins, aromatics at Map Ta Phut Rayong complex. Specialty chemicals, performance polymers for high-margin niche. Net-zero 2050 via green polymer programme.
SCG Logistics
Integrated trucking, warehousing, freight forwarding β serves SCG internal volume plus third-party B2B clients. Not separately listed; within SCC parent reporting.
Crown Property Bureau link
Majority shareholder. Long-duration, patient capital; no activist-investor pressure. Strategic decisions span decades, not quarters. Crown provides institutional legitimacy across Thai government relationships.
ASEAN footprint
Vietnam (~22% of revenue), Indonesia, Cambodia, Myanmar, Laos, Philippines. Regional diversification provides counter-cyclical buffer vs Thai construction cycle.
SCG Group listed entities β scale overview
Revenue and focus for the three major listed companies within the Siam Cement Group.
Siam Cement Group (parent)
Ticker
SET:SCC
FY2024 revenue
~ $14.5-550B consolidated
Business focus
Cement, building materials holdco
Key geographies
Thailand, ASEAN
SCG Packaging
Ticker
SET:SCGP
FY2024 revenue
~ $3.48B
Business focus
Fibre, flexible, rigid packaging
Key geographies
Thailand, Vietnam, Indonesia, ASEAN
| Company | Ticker | FY2024 revenue | Business focus | Key geographies |
|---|---|---|---|---|
| Siam Cement Group (parent) | SET:SCC | ~ $14.5-550B consolidated | Cement, building materials holdco | Thailand, ASEAN |
| SCG Packaging | SET:SCGP | ~ $3.48B | Fibre, flexible, rigid packaging | Thailand, Vietnam, Indonesia, ASEAN |
| SCG Chemicals | SET:SCGC | ~ $4.64B | Olefins, polyolefins, specialty chemicals | Thailand (Map Ta Phut), global sales |
Watchpoints
SCGP, SCGC sub holdings
Listed-sub earnings contribution; each IPO unlocked independent market valuation for SCC.
ASEAN cement, construction cycle
Vietnam, Indonesia, Cambodia cement demand cycles drive regional volume.
SCG Logistics external revenue growth
Third-party freight, warehouse revenue vs SCG internal volume.
Green, circular-economy positioning
SCG Green Polymer, circular packaging, low-carbon cement transition.
Related Market profiles
Peers, parents, partners, agencies, and other Logistics & Warehousing actors.
Competitor
Frasers Property Thailand
Warehouse, logistics property peer.
Open Market profile β
Sector peer
Amata Corporation
Chonburi-anchored industrial estate; Amata Nakorn, Amata City Rayong; Japanese-automotive client concentration.
Open Market profile β
Sector peer
Aramex Thailand
Thai operations of Aramex International, a Dubai-listed express courier with dominant reach in Middle East, South Asia, and Africa corridors.
Open Market profile β
Sector peer
DHL Express Thailand (DPDHL Group)
Thai operating unit of DHL Express, the world's largest international express network, serving B2B and e-commerce cross-border shipments via Suvarnabhumi gateway.
Open Market profile β
Sources + data provenance
Every filing, filing-adjacent register, or trusted industry source cited in this profile.
SCG Logistics β SCG Group Logistics Arm
| Source | Publisher | Grade | As of |
|---|---|---|---|
| SCG Logistics β SCG Group Logistics Arm | SCG Group (SET: SCC) | Primary | 2025-03-31 |
Reports featuring this profile
Thailand Cement Decarbonization & CBAM 2027 Market Intelligence
Thailand market leader; Net-Zero Cement strategy; Mae Tha and Lampang LC3 conversion
Open report β
Thailand Modular Construction & Prefab 2027 Market Intelligence
Thailand's largest building-materials and modular factory operator; SCG Mega-Build and SCG Living scaling 800-1200 modules per year capacity by 2026 across CPAC concrete and steel-frame product lines.
Open report β
Sits alongside 6 other Atlas profilesThailand EU CBAM & UK CBA Carbon Border Impact 2027 Market Intelligence
Cement EU export limited; CCUS partnership, low-carbon cement R&D lay CBAM-compliant foundation; SCGC polymers exposed under Phase 2
Open report β
Sits alongside 4 other Atlas profilesThailand Solar Rooftop & Net Metering 2027 Market Intelligence
Conglomerate-led rooftop bundle (panels, structure, inverter, monitoring) across SCG retail network
Open report β
Sits alongside 6 other Atlas profilesThailand Environmental & Carbon Credit Services Market Intelligence
Cement decarbonisation, CBAM exposure, SCG Cleanergy renewables
Open report β
Sits alongside 5 other Atlas profilesThailand Mining & Minerals Market Intelligence
Largest Thai limestone, cement integrated operator (SET: SCC)
Open report β
Sits alongside 6 other Atlas profilesThai Cement: SCG, TPI Polene, Siam City Cement, and the Construction-Materials Concentration
~50% market share; Crown Property Bureau-affiliated.
Open report β
Sits alongside 3 other Atlas profilesThailand Logistics & Warehousing Market Intelligence
SCG Logistics arm; cement, chemicals, packaging distribution; integrated third-party freight.
Open report β
Sits alongside 10 other Atlas profilesThailand Packaging Market Intelligence
SCGP (SET: SCGP) is Thailand's largest listed packaging operator under SCG.
Open report β
Sits alongside 3 other Atlas profilesThailand Ceramic & Construction Materials Market Intelligence
Siam Cement, Cotto ceramics, building materials integrated, regional ASEAN operations.
Open report β
Sits alongside 2 other Atlas profilesThailand Forestry & Timber Market Intelligence
SCG Paper operates eucalyptus plantations, pulp, paper manufacturing.
Open report β
Sits alongside 2 other Atlas profilesThailand Paper & Pulp Market Intelligence
SCG Paper integrated into SCGP packaging, eucalyptus plantation.
Open report β
Sits alongside 2 other Atlas profilesThailand Waste Management and Recycling Market Intelligence
SCGP circular economy, packaging recycling at industrial scale.
Open report β
Sits alongside 4 other Atlas profilesThailand Steel & Metal Products Market Intelligence
SCG long steel, metal products integrated into SCC building materials segment.
Open report β
Sits alongside 3 other Atlas profilesThailand Cement & Construction Materials Deep Dive
Siam Cement Group (SET: SCC) largest Thai cement, ASEAN scale.
Open report β
Sits alongside 3 other Atlas profilesThailand Carbon Credit & T-VER Deep Dive
Net-zero 2050, cement carbon transition, Type IL.
Open report β
Sits alongside 4 other Atlas profilesThailand Private Equity, Venture Capital Deep Dive
SCG AddVentures corporate venture, sustainability, circular-economy.
Open report β
Sits alongside 7 other Atlas profiles