SIAM CITY CEMENT (VIETNAM) LIMITED

SIAM CITY CEMENT (VIETNAM) LIMITED (CÔNG TY TRÁCH NHIỆM HỮU HẠN SIAM CITY CEMENT (VIỆT NAM)), also known as SCC-VN, is a prominent foreign-invested enterprise operating in Vietnam’s building materials sector. Headquartered at No. 11, Doan Van Bo Street, Ward 13, District 4, Ho Chi Minh City, the company was officially registered on August 22, 2008, under the business ID and TIN 0300608568 by the Ho Chi Minh City Department of Planning and Investment. With more than 700 employees, SCC-VN has developed an expansive operational footprint across the southern region, including manufacturing facilities in Thu Duc City, Kien Giang, and Ba Ria - Vung Tau.

SCC-VN specializes in the manufacture and distribution of cement, mortar, tile adhesives, and related products, offering integrated and sustainable construction solutions under the INSEE Ecocycle brand. Beyond its manufacturing role, the company is also actively involved in waste collection and treatment, architectural consultancy, market research, and even web portal management, signaling its diversification into services that align with environmentally responsible industrial operations.

Despite its broad presence and high-profile partnerships—including ownership by SIAM CITY CEMENT PUBLIC COMPANY LIMITED of Thailand (65%) and Vietnam National Cement Corporation (35%)—the company experienced a significant downturn in financial performance in 2023. Sales revenues declined sharply to USD 147.58 million, down 38.55% from the previous year. Total assets contracted to USD 195.18 million, and equity dropped to USD 114.1 million, marking a 14.86% decrease. Most notably, the company reported a net loss of USD 10.09 million, a steep reversal from the positive profits of prior years, driven by a 178.96% year-over-year decline in profitability.

The General Director, Mr. Eamon John Ginley, a New Zealander, leads the firm’s strategic efforts. Under his management, the company faces the dual challenge of maintaining competitiveness in a saturated cement market and restoring profitability amid rising production costs and macroeconomic pressures.

Despite recent losses, SIAM CITY CEMENT (VIETNAM) LIMITED maintains a robust equity base and a long-term strategic vision anchored in sustainability and innovation. As part of the broader Siam City Cement Group, it remains an essential player in Vietnam’s construction materials industry. Businesses, partners, and investors interested in engaging with SCC-VN are encouraged to consult comprehensive due diligence resources. VANGUARD BUSINESS INFORMATION LLC (VBI) provides reliable and in-depth Company Reports, including insights into Company Financial Data, Risk Assessments, and Operational Analysis, ensuring all stakeholders can make confident and informed decisions.