Economy & Market

Siam Cement likely to stage comeback in the US market

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Positive signs of an economic revival in the US have prompted Siam Cement Group (Thailand) for staging its comeback in the country.The President and Chief Executive of the conglomerate Kan Trakulhoon stated that a team was in the process of evaluating the group’s re entry into the world’s largest economy following a surge in the US stock exchange and a 7 percent growth last month in US housing sales. Bulky products such as cement were exported to the US West Coast at competitive cost earlier. However, demand has plummeted sharply in the last few years and the country presently represents only 1 percent of shipments. However the future is not easy for the company as a 9 percent unemployment rate in the USA will take SCG to take at least four years to regain its 20 percent market share.

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