Siam Cement Group invests in integrated greenfield plant in Myanmar

Thailand’s Siam Cement Group (SCG) has announced plans to invest in a 1.8 million t greenfield cement plant in Myanmar. The fully integrated cement plant will include a 40 MW power plant, which will use clean technology to help meet the plant’s power needs. A 9 MW waste-heat generator system will reduce electricity consumption.

The plant will be constructed in Mawlamyine, where it will have access via water to Yangon, in addition to nearby supplies of limestone. The plant is expected to begin operations by mid-2016. This is the company’s first integrated plant in Myanmar, carried out under the Foreign Investment Law.

“The Myanmar cement market is estimated at approximately 4 million t in FY2012, and is forecasted to grow annually at 10% over the next 5 years. This project is the company’s major investment to support growth of the cement-building materials business in Myanmar and ASEAN next to the recent announcement to construct cement plants in Indonesia, and Cambodia, and is in accordance with the company’s strategy to become an ASEAN sustainable business leader,” said Mr Kan Trakulhoon, President and CEO of SCG.

Adapted from press release by Louise Fordham

Read the article online at: https://www.worldcement.com/asia-pacific-rim/27082013/siam_cement_group_invests_in_integrated_greenfield_cement_plant_in_myanmar_128/