Large cement makers move into Myanmar

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The  largest cement manufacturers of Thailand, Siam Cement Group (SCG), and Indonesia, PT Semen Gresik, have announced that they will set up cement plants in Myanmar to address increasing demand for the construction material as the country preps itself to host the forthcoming ASEAN summit and Southeast Asian games.

SCG will build a $314 million cement plant in 2013 in Myanmar’s Tanintharyi Region, pending approval from the Myanmar Investment Commission. The giant manufacturer responsible for exporting more than 220 million tonnes of cement throughout the region annually will also be expanding operations to manufacture paper and chemical products in Myanmar.

To help market and move these materials, SCG plans to open four retail stores in Yangon, Mandalay and Naypyidaw, the country’s capital, Thura Swiss, a Yangon-based consultancy reported.

Indonesia’s PT Semen Gresik, with an annual capacity of producing 17 million tonnes, will enter the Myanmar market through a joint venture with a local partner to construct a 0.6 to 1 million-tonne-per-year capacity cement plant worth an estimated $159 million.

Currently 14 domestic cement plants produce 3.5 million tonnes of the material annually, falling below the per year demand of 6 million, which requires the country to import the remainder.

As investment floods in propelling economic growth, this demand will ultimately skyrocket in Myanmar, keeping production lines of early-mover Southeast Asian manufacturers throbbing away.

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Reading Time: 1 minute

The  largest cement manufacturers of Thailand, Siam Cement Group (SCG), and Indonesia, PT Semen Gresik, have announced that they will set up cement plants in Myanmar to address increasing demand for the construction material as the country preps itself to host the forthcoming ASEAN summit and Southeast Asian games.

Reading Time: 1 minute

The  largest cement manufacturers of Thailand, Siam Cement Group (SCG), and Indonesia, PT Semen Gresik, have announced that they will set up cement plants in Myanmar to address increasing demand for the construction material as the country preps itself to host the forthcoming ASEAN summit and Southeast Asian games.

SCG will build a $314 million cement plant in 2013 in Myanmar’s Tanintharyi Region, pending approval from the Myanmar Investment Commission. The giant manufacturer responsible for exporting more than 220 million tonnes of cement throughout the region annually will also be expanding operations to manufacture paper and chemical products in Myanmar.

To help market and move these materials, SCG plans to open four retail stores in Yangon, Mandalay and Naypyidaw, the country’s capital, Thura Swiss, a Yangon-based consultancy reported.

Indonesia’s PT Semen Gresik, with an annual capacity of producing 17 million tonnes, will enter the Myanmar market through a joint venture with a local partner to construct a 0.6 to 1 million-tonne-per-year capacity cement plant worth an estimated $159 million.

Currently 14 domestic cement plants produce 3.5 million tonnes of the material annually, falling below the per year demand of 6 million, which requires the country to import the remainder.

As investment floods in propelling economic growth, this demand will ultimately skyrocket in Myanmar, keeping production lines of early-mover Southeast Asian manufacturers throbbing away.

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