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Key people at SCG.
SCG (The Siam Cement Public Company Limited) is a diversified industrial conglomerate, developing and manufacturing products across its core Cement-Building Materials, Chemicals, and Packaging sectors. It provides integrated solutions and essential materials for construction, infrastructure, and industrial applications, from basic cement to advanced chemical derivatives, leveraging extensive operational capabilities.
The company was established in 1913 by Royal Decree of His Majesty King Rama VI, initially as Siam Cement Company. This founding aimed for national self-sufficiency by producing domestic cement, reducing import reliance, and cultivating local industrial expertise. This strategic initiative built Thailand's economic stability through vital infrastructure.
SCG serves diverse customers across construction, industrial, and consumer markets. Its long-term vision prioritizes sustainable growth, emphasizing innovation and environmental stewardship to create value for stakeholders and society. The company aims to foster inclusive green growth as a responsible industrial leader within the ASEAN region.
SCG, formerly Siam Cement Group, is Thailand's second-largest company and a leading ASEAN conglomerate founded in 1913 as the nation's first cement manufacturer.[1][2][5] It operates across three core businesses—cement-building materials, chemicals, and packaging—with consolidated revenue of approximately 511 billion THB (around USD 16 billion) in FY2024, employing over 50,000 people across 400+ subsidiaries and a regional footprint spanning Thailand (54% of sales), ASEAN (27%), and non-ASEAN markets (19%).[2][4] SCG emphasizes sustainable development, targeting Net Zero by 2050 through alternative energy, green innovations, and ESG initiatives like creating 20,000 jobs for communities and SMEs by 2025.[1][4]
The company drives innovation in high-value applications (HVAs) such as infrastructure, mobility, medical solutions, and energy, often via joint ventures with global partners like Dow Chemical and Mitsui Chemicals.[1][6] Its chemicals arm (SCGC) produces polymers for everyday products, while international trading via SCG International supports end-to-end supply chains in sectors like energy, automotive, and recycled materials, serving 2,000 customers in 50+ countries.[3][6]
SCG traces its roots to 1913, when King Rama VI issued a royal decree establishing it as Thailand's first cement producer to reduce import reliance and support national infrastructure development.[1][4][5] This marked the foundation of what became a cornerstone of Thailand's industrialization, evolving from a single cement operation into a diversified conglomerate over 112 years.[4][7]
In 1978, The Siam Cement Trading Co., Ltd. (SCT)—later SCG International—was launched to export SCG and Thai products, becoming Thailand's first BOI-promoted general trading firm amid government pushes for export growth.[3] By 2020, it expanded to 21 global offices, reflecting SCG's shift toward international supply chains.[3] Key pivots include consolidating into cement-building materials, chemicals, and packaging by the 2010s, with sustained focus on ASEAN expansion and sustainability.[4]
SCG rides the ASEAN green transition and circular economy wave, leveraging its industrial scale to deploy deep technologies in alternative energy, recycled materials, and sustainable packaging amid rising ESG demands.[1][4][6] Timing aligns with Thailand's low-carbon push—evidenced by SCG's 3,500+ representatives proposing policy reforms on green finance, tech upgrades, and SME support to government.[4] Market forces like ASEAN infrastructure booms, supply chain resilience needs post-disruptions, and global net-zero pressures favor its footprint, influencing the ecosystem through job creation, tech transfer via JVs, and innovations reducing environmental impact in high-growth sectors like mobility and energy.[1][3][7]
SCG is poised to deepen ASEAN dominance via sustainability tech scaling, targeting Net Zero 2050 with expanded alternative energy and green polymers amid global decarbonization mandates.[1][6] Trends like AI-driven supply chains, circular plastics, and regional green infrastructure will propel growth, potentially elevating its influence as a low-carbon industrial leader. As Thailand's infrastructure backbone evolves, SCG's century-old agility—from royal cement origins to ESG innovator—positions it to shape ASEAN's sustainable future.[4][5]
SCG has 1 tracked investment across 1 company. The latest tracked deal is $34.0M Series B in DMC Biotechnologies, Inc. in December 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 3, 2021 | DMC Biotechnologies, Inc. | $34.0M Series B | — | Boulder Ventures, Breakthrough Energy Ventures, Capricorn Venture Partners, Cibus Capital, Michelin, Sofinnova Partners, Solvay Ventures |
Key people at SCG.
