Frontiers Capital

New cement factory for Myanmar

Posted by: cecilia.barradas | 04 Dec. 2012

The Siam Cement Group (SCG), Thai largest cement company, will start building a cement plant next year at Taninthayi Region, Myanmar, SCG’s country manager Soontornpol Veerapravati said.

“SCG is planning to manufacture its main products in Myanmar and willing to open four retail stores in Yangon, Mandalay Nay Pyi Taw and one other major city. The plan is also to expand more stores in other cities in the future,” Soontornpol said.

SCG products have entered Myanmar for many years although the plan to establish the cement factory is just a recent move.

The cement is currently in short supply in Myanmar and only 15 cement factories are running in the country.

The government is granting more permits for building cement factories in Myanmar.

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