Nov 9, 2013

Government names firms to run joint venture for state-owned cement plants

The government has chosen thirteen companies, including firms from Thailand and Germany, to establish a joint venture for state-owned cement plants, according to the Ministry of Industry.

The Ministry had offered tender to both local and foreign firms to operate the plants, which fall under the jurisdiction of the No. 3 Heavy Industries department of the Ministry of Industry.

The winning firms are: Shwe Taung Cement Co Ltd, Original Group, Max Myanmar Manufacturing, Asian Cement Public, Ultra Group of Companies, Shwe Khit Aung, Ferrostaal, Mother Industrial, Myint Investment Group, Myanmar Cement & Mineral Production, Global Star, Diadem (Myanmar) and Myanmar Jidong Cement.

The Myanmar Investment Commission has approved the construction of nine cement plants. Upon completion of those projects, the Ministry of Industry expects that nearly 10.53 million tons of cement can be produced per year.

The 15 existing factories—three state owned and the rest privately owned—can manufacture 4.02 million tons of cement per year.

Thailand-based Siam Cement Company will build a cement plant in Myanmar worth US$ 388 million (Ks 377.13 billion). Semen Indonesia Firm also plans to construct a cement factory here worth US$ 200 million, and India-based Ramco Company is currently in discussions with the government about building a cement factory in Myanmar.

Source: Eleven Weekly Media

 
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