SCC to restart ROC plant on 17 September 2026 after securing non-Middle East feedstock

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Summary · why it matters

Siam Cement Public Company Limited, or SCC, has announced it will restart production at its ROC plant, which has an olefins capacity of 1.35 million tonnes per annum, from 17 September 2026, after securing sufficient feedstock outside the Middle East from Malaysia, Africa and other sources to sustain continuous production. The company is targeting an overall production rate, or u-rate, across the MOC plant, which has a capacity of 2.05 million tonnes per annum, of more than 80%, close to pre-war levels. Krungsri Securities views the restart of the ROC plant by the end of the third quarter of 2026, in line with the company's target, as positive, because it reflects the prospect of profitable operations even with volatile feedstock prices, and the lifting of force majeure may signal that the study of a joint venture in the olefins business with PTTGC has options that do not require cutting production runs at the plants. Krungsri Securities maintains a Buy recommendation with a target price of 315 baht for 2027 and lists the stock as one of its top picks, expecting average sales volume growth of 10% in 2026-2028 from the LSP plant and normalised profit growth of 110% CAGR in 2026-2028.

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