SCG in the Philippines reported third quarter revenue from sales of P4 billion, down 21 percent from the same period in 2018 pulled down by the packaging operation and export from Thailand.
For the first nine months of 2019, SCG recorded P12.583 billion revenue from sales in the Philippines.
Jakkrit Suwansilp, SCG Philippines country director, assured continuous growth, with the cement-building materials business now shifting from a product-based business model to a solution-based one.
SCG started the operation of their own ready-mix plant in Bulacan to serve the increasing demand for concrete and plans to boost growth areas such as Iloilo and Pampanga. Unit Mariwasa Siam Ceramics Inc. has launched its own brand of sanitary wares and tile adhesive to cater to consumers’ surging home requirements.
SCG is also developing an omnichannel platform to provide customers with a convenient way to access information on construction materials.