Siam City Cement sets sights on Cambodia
Siam City Cement Plc (SCCC), Thailand’s second-largest cement maker, is ready to build a cement plant in Cambodia costing up to US$150m.
Managing director Philippe Arto said the company is in the final stage of a feasibility study for the one-million-tonne cement plant that will take a few months to complete.
The study has shown good potential with rich deposits of limestone, a raw material for cement production, he noted.
A final decision should be made around May. A plant will take two years to build, he said.
"Together with our partner, I think we are ready to invest in this project," Mr Arto said.
SCCC, one-third owned by Holcim, signed a memorandum of agreement with Cambodia’s Chip Mong Group in December for the study.
Cambodia is a major export market of SCCC, with 1Mt of cement being shipped annually from its Saraburi plant to serve strong demand in the neighbouring country.
Mr Arto said by 2012, SCCC also expects to start a cement plant in Burma, but it would be a cheaper investment than in Cambodia.
Published under Cement News
