SCG Vietnam sales down by 6 per cent in Q2

Thursday, Aug 13, 2020 10:37

SCG staffs before work. The Thai company has taken many measures at its Vietnamese operations to keep workers safe from COVID-19. — Photo courtesy of SCG Vietnam

Southeast Asian conglomerate SCG reported second quarter revenues of over VND6.9 trillion (US$299 million) in the Vietnamese market, a 6 per cent decline year-on-year.

First half sales for the Thai company amounted to VND13.1 trillion ($562 million), a 5 per cent decrease.

Roongrote Rangsiyopash, president and CEO of the company, said: "Amid the COVID-19 pandemic, while SCG is not in industries that have been severely affected, like tourism and airlines, it has constantly monitored and assessed the situations to stay atop in an environment of high uncertainty.”

To keep employees and their families safe, it has adopted a new way of working, ‘hybrid workplace’, that offers employees much greater flexibility.

It has sought to capture the untapped e-commerce, on-demand food delivery and health and wellness markets.

Its packaging business also has great upside potential following its acquisition of leading Indonesian packaging paper company Fajar Surya Wisesa Tbk and Visy Packaging (Thailand) Limited and the planned acquisition of Bien Hoa Packaging Joint Stock Company (SOVI) in Viet Nam.

The packaging business focuses on optimising the manufacturing process in Thailand and other regional countries like Viet Nam, Indonesia, the Philippines, and Malaysia to streamline processes and introduce new standards to ensure the safety of staff, customers and partners.

The packaging business also works closely with clients throughout the supply chain to ensure reliable raw material sourcing and logistics management and enforce strict hygiene practices in delivering packaging solutions.

Its chemicals business has executed its business continuity management to ensure maximum production capacity and seize business opportunities in a challenging market environment brought about by the COVID-19 pandemic.

The cement-building materials business also faces challenging market conditions.

It has taken an adaptive approach by focusing on offering products and services with total solutions, developing an active omni-channel to increase retail sales and innovation in construction that helps improve the convenience, precision and efficiency of construction. — VNS

Comments (0)