SCG Decore, or SCGD, expects its third-quarter 2026 performance to swing back to positive, after posting a net loss of 281 million baht in the second quarter, with no further extraordinary items and restructuring costs from consolidating production centers in Thailand, coupled with improving overseas demand. The company has set this year's investment budget at 2.4 to 2.5 billion baht to reduce costs through automation and enhance production efficiency, while pressing ahead with a plan to merge its four factories in Thailand into two by the end of next year, using an investment of 957 million baht. It expects to cut operating costs by 380 million baht per year, or around 16 to 20 percent. In addition, SCGD is using Vietnam as a production base for exports, with some shipments already going to the Philippines, driving sales growth of 162 percent, or nearly 1 million square meters, in the central and southern Philippines. Meanwhile, project sales in Vietnam grew 112 percent, or about 1.9 million square meters, and the company added four more distributors to support new production capacity. Most recently, its subsidiary Siam Sanitary Ware signed a joint venture with Axent Switzerland AG, a major Chinese sanitaryware components manufacturer, to establish a joint venture with registered capital of 80 million baht, in a 51 to 49 percent ratio, to produce and assemble smart sanitaryware. Commercial production is expected to begin by April 2027.
SCG Decor PCLImproving overseas demand, strong sales growth in Philippines and Vietnam, and new distributors added.