Siam Cement to invest $1.5b

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Thailand’s Siam Cement Group (SCG) plans to invest $1.5 billion in cement and power plants and logistics facilities in the region, especially Indonesia, Myanmar and Cambodia, the company said on April 24.

SCG president and chief executive officer Kan Trakulhoon said the move was in line with the group’s strategy to expand its cement and building-material business into the region to cash in on the coming ASEAN Economic Community, as well as to promote its investment flexibility.

The regional investment includes a $400-million cement plant in Indonesia with annual capacity of 1.8 million tonnes. Construction is scheduled for completion by the end of 2015.

The group will also invest another $400 million in cement and power plants and logistics systems in Myanmar. That project is awaiting approval of the Myanmar government.

Both the Indonesia and Myanmar ventures are greenfield projects, including the sourcing of land and construction.

Another investment project is the second phase of construction of a cement plant in Cambodia. The plant will have annual capacity of 900,000 tonnes, and the value of the investment is between $170 million and $180 million. Construction will be finished by 2015.

Kan said SCG was also considering the second-phase expansions of its cement plants in Indonesia and Myanmar, worth about $600 million in total, after the first phases are completed. The expansion is aimed at serving domestic demand in the two countries, which increases by about 10 per cent annually on average.

 

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Reading Time: 1 minute

Reading Time: 1 minute

Thailand’s Siam Cement Group (SCG) plans to invest $1.5 billion in cement and power plants and logistics facilities in the region, especially Indonesia, Myanmar and Cambodia, the company said on April 24.

SCG president and chief executive officer Kan Trakulhoon said the move was in line with the group’s strategy to expand its cement and building-material business into the region to cash in on the coming ASEAN Economic Community, as well as to promote its investment flexibility.

The regional investment includes a $400-million cement plant in Indonesia with annual capacity of 1.8 million tonnes. Construction is scheduled for completion by the end of 2015.

The group will also invest another $400 million in cement and power plants and logistics systems in Myanmar. That project is awaiting approval of the Myanmar government.

Both the Indonesia and Myanmar ventures are greenfield projects, including the sourcing of land and construction.

Another investment project is the second phase of construction of a cement plant in Cambodia. The plant will have annual capacity of 900,000 tonnes, and the value of the investment is between $170 million and $180 million. Construction will be finished by 2015.

Kan said SCG was also considering the second-phase expansions of its cement plants in Indonesia and Myanmar, worth about $600 million in total, after the first phases are completed. The expansion is aimed at serving domestic demand in the two countries, which increases by about 10 per cent annually on average.

 

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