Siam Cement Group to lift capacity by 4.5Mta in two years

Siam Cement Group plans to spend US$1.5bn to expand cement production capacity in Southeast Asia by 4.5Mta over the next two years.

President and chief executive of Siam Cement Kan Trakhulhoon told the Bangkok Post that the US$400m cement plant in Indonesia is already under construction with Phase 1 expected to come on-stream by 2015. Meanwhile, the Myanmar cement factory is still awaiting approval, but Phase 1 is also slated to be operational by 2015 and involve a similar cost. The company has also earmarked US$170-180m for a new line at Siam Cement’s Cambodian works which currently has a 1Mta capacity.

"We're looking at a second phase for the Indonesian and Myanmar factories, both of which would require an additional US$600m," he said at a press conference.

The new projects would lift Siam Cement’s capacity by 4.5Mta by 2015, Mr Trakhulhoon noted.