HÀ NỘI — Thai conglomerate Siam Cement Group (SCG) reported first-quarter 2026 revenue in Việt Nam of VNĐ15.8 trillion (US$597 million), up 99 per cent year-on-year, driven mainly by the resumption of operations at its Long Sơn Petrochemicals (LSP) project.

Overall, SCG said total revenue from sales in the first quarter reached $3.9 billion, with a net profit of $197 million.

During the period, the company posted adjusted cash EBITDA of $472 million, up 17 per cent year-on-year.

CEO Thammasak Sethaudom said the company’s early strategic decisions helped it absorb the impact of volatility and manage risks amid global uncertainty, including tensions in the Middle East.

He said SCG has implemented a short-term daily "war room" system to closely monitor raw material and energy costs while maintaining supply chain support for customers.

For its 2026–27 strategy in Việt Nam, he said the group is focusing on strengthening long-term competitiveness through regional optimisation and advancing its LSP ethane enhancement project, which is about 50 per cent complete.

He added that during a period of feedstock supply constraints at the LSP complex, SCG carried out planned maintenance and accelerated the upgrade project.

Once completed by end-2027, the project is expected to improve feedstock flexibility and generate significant cost savings, supporting long-term business performance.

The group said it remains focused on operational discipline, business readiness and long-term value creation despite continued global uncertainty.

In Việt Nam, it sees ongoing opportunities in industrial development, infrastructure expansion, the green transition and efforts to attract higher-quality investment. — VNS