Thursday, October 25, 2007

Rising energy costs hit Q3 profits of Thailand's biggest firm - Siam Cement

Thailand's biggest conglomerate, Siam Cement has posted 33% dip in Q3 operating profit, attributed mainly to higher production costs that have eroded margins at its petrochemicals unit. The spread between high-density polyethylene (HDPE), SCC's main petrochemical product, and feedstock naphtha slipped US$39/ton to US$692/ton in the quarter from a year ago levels.

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