SCG has announced its operating results for Q3/2023, which showed a slowdown in growth due to various factors such as a stagnant regional market, a petrochemical trough, shrinking exports, and high-interest rates. The company is adjusting its strategies to address potential impacts from conflicts in the Middle East and Russia-Ukraine tensions. SCG is focusing on three strategies: streamlining energy costs, reassessing business plans and investing in high-growth potentials, and accelerating green innovations. Despite the slowdown, SCG remains confident in its long-term growth and maintains robust financial stability. The company expects the ASEAN economy to improve in Q4, especially in Indonesia and Thailand. However, the global economic situation remains highly uncertain.
