On the occasion of the 50th anniversary of the Siam Cement Public Company Limited and the 25th anniversary of the Siam Fibre-Cement Co.,Ltd in 1963, Siam Cement established a fund from which the investment proceeds could be used to benefit society.  The initial endowment comprised a fund of 75,000 Baht from the Siam Cement Public Company Limited and an addition of 25,000 Danish Krones or 75,000 Baht (the exchange rate at that time) from F.L. Smidth & Co of Demark.  With limited initial endowment, the investment proceeds were not enough for ongoing arrangement of activities.

The fundation was officially proclaimed as a public charitable organization according to the declaration of the Ministry of Finance on Income Tax and VAT.

The Siam Cement Public Company Limited donated additional funds and stocks to the Foundation so that the investment proceeds could be used to fund the benevolent activities. It was also made a general practice that Siam Cement Public Company Limited will top up funds for the Foundation should the investment proceeds in any certain year be low. This will facilitate the continuous operation of the Foundation because providing assistance and contributing to society are commitments that must be ongoing.

SCG Foundation restructured the organization and work processes to expand its scope of philanthropic efforts.  Its activities and operations were streamlined to reflect the changing socio-economic circumstances.  The Foundation is managed by the Siam Cement Group (SCG) Committee, which comprises SCG top management. This attests to SCG’s unwavering commitment to “Concern for Social Responsibility”.