SET-listed Siam Cement Group (SCG), Thailand's largest cement maker and industrial conglomerate, expects to see its 2022 total revenue increase by more than 10% year-on-year from 530 billion baht last year due to a rise in its product prices.
The increase comes from higher prices of energy and raw materials, which are blamed for driving up production costs, said Roongrote Rangsiyopash, president and chief executive of SCG.
"The prices will continue to rise, mainly due to the impact of the Russia-Ukraine war," he said.
