Cement News tagged under: Myanmar
Semen Gresik new plant construction01 August 2012, Published under Cement NewsIndonesia state-owned producer PT Semen Gresik is expected to start construction of two new cement plants at home and away in the second half of 2012 and first half of 2013, respectively. Construction on Semen Gresik’s 2.3Mta Rembang plant in Indonesia will start at the end of this year, State-Owned Enterprise Minister Dahlan Iskan said on Tuesday. “The construction of the Rembang cement factory will start by the end of this year, after the establishment of Holding Cement Indonesia,” h... |
Siam Cement Group’s ASEAN focus09 July 2012, Published under Cement NewsSiam Cement Group (SCG) has said it would spend more than half of its THB200bn investment budget for 2012-16 in the ASEAN region. Speaking to the Bangkok Post, SCG president and CEO Kan Trakulhoon said: “A market with 601 million people and a need for infrastructure development is promising.’ The move reflects the shift of major investment to Asean after as much as 70-80 per cent of SCG's investment spending focused on Thailand from 2006-10. SCG is in talks in the region for petrochemi... |
Gresik sees regional expansion costing US$400m-500m29 June 2012, Published under Cement NewsIndonesia's largest cement producer, PT Semen Gresik, says its planned expansion into Vietnam and Myanmar can be realised by year-end. Semen Gresik president director Dwi Soetjipto said that expansion into the fellow ASEAN member nations would need US$400m to US$500m. “We will need about US$150m to set up a factory for Myanmar," Dwi said after the company¹s annual and extraordinary meeting of shareholders on Tuesday. According to him, Gresik has been assessing potential local partners ... |
PT Semen Gresik plans Myanmar plant, considers Vietnam investment27 June 2012, Published under Cement NewsIndonesian state producer, PT Semen Gresik, is planning to build a cement plant in Myanmar and is also looking to acquire a Vietnamese company, according to chief executive Dwi Soetjipto. "We're studying a plan to set up a JV in Myanmar, with Gresik as the majority owner. The plant capacity may be between 1.5-2Mta," Dwi Soetjipto told reporters after a shareholders' meeting. Mr Soetjipto also noted that while Vietnam is currently experiencing overcapacity, Gresik is currently looking a... |
Gresik to invest in new plants, Indonesia28 May 2012, Published under Cement NewsIndonesian cement producer, PT Semen Gresik, plans to build new cement plants in Sumatra and Java this year with an investment cost of IDR7trn (US$756m), according to reports in the Jakarta Globe. Dwi Soetjipto, president director of state-owned Gresik, said: “We will add the plants to directly support the production process, or the core business of the company.” Semen Gresik will seek a bank loan to finance the construction of the plants, he said, adding that another option was a bond... |
Myanmar plant to improve Gresik distribution network13 March 2012, Published under Cement NewsFollowing PT Semen Gresik’s announcement that it plans to construct a cement plant in Myanmar, a government official has said the new facility will be improve the company's distribution network, particularly in light of a new regional trade agreement. Earlier this week, local press reported that Gresik is to construct a 2.5Mta cement plant in Myanmar where supply is falling short of demand. This will be Semen Gresik’s first foray abroad. Sumaryanto Widayatin, a deputy state enterprise... |
Siam Cement steps up ASEAN investments12 March 2012, Published under Cement NewsSiam Cement Group (SCG), Thailand's largest industrial conglomerate by revenue, is stepping up its plans to build on its cement and building materials activities in Southeast Asia as it eyes new regional investments and acquisitions in the markets of Indonesia, Vietnam and Myanmar. Earlier this week, the company announced plans to construct a 5000tpd cement plant in Indonesia as the manufacturer looks to penetrate the market further. With an investment of US$300m, the cement works will be ... |
Siam raises stake in Philippine firm, mulling Myanmar plans29 February 2012, Published under Cement NewsThailand’s Siam Cement has reached a deal to raise its stake in a listed Philippine building materials firm from 40 per cent to 80 per cent in a deal valued at THB1bn (US$33m). However, the company has declined to name the firm, but it is thought to be Mariwasa Siam Holdings of which the company owns 40 per cent according to its latest annual report. Siam chief executive Kan Trakulhoon declined to confirm. Mr Trakulhoon said it would make a decision by the end of this year on weather i... |
Siam Cement Group sees revival in Myanmar demand24 January 2012, Published under Cement NewsSiam Cement Group (SCG), which provides cement exports to Myanmar, is anticipating strong sales in the Southeast Asian country following significant declines last year. Syamrath Suthanukul, marketing director of Thailand’s SCG told the Myanmar Times that last year sales fell approximately 20 per cent YoY as the transition to a democratic government in 2011 affected a number of construction projects and reduced cement sales. “In 2011, our cement exports to Myanmar were down by about 20 ... |
Siam Cement eyes Myanmar investment18 January 2012, Published under Cement NewsThailand’s Siam Cement Group (SCG) said it is studying the possibility of investing in a cement plant in Myanmar, company President and CEO, Kan Trakulhon said. Mr Trakulhoon was quoted by the Bangkok Post as saying that SCG has been studying options in the neighbouring country for almost two year years now. "Still, the investment depends on the Myanmar government's investment promotion policies and the policy on limestone mine ownership," Mr Kan said. SCG currently exports cement to Myan... |