Jul 21, 2014

SCG invests US$ 400 million to build cement factory

Thailand’s Siam Cement Group is investing $ 400 million to construct the cement factory in Mawlamyine, Mon State.

The construction of the factory is expected to complete in the middle of 2016.

“The priority we are focusing this moment is to manufacture cement and later cement related products such as ready mixed concrete and precast concrete blocks,” saidKanTrakulhoon, SCG president and CEO.

“Myanmar seems developing progressively and infrastructures are needed so cement market will be good. The investments made in industry and housing construction sectors are increasing especially in major cities – Yangon, Mandalay and Nay Pyi Taw,” he said.

He added that the cement factory will be using Waste to Energy system – electricity or/and heat from incineration of waste and conservation of greenhouse effect. A total of 1.8 million volume of cement are expected to manufacture annually.

SCG has been in Myanmar for more than 20 years and its affiliate, the first ready mixed concrete company Myanmar CPAC Service was established in 1996.

Source: Eleven Weekly Media