Cement News tagged under: Myanmar
Semen Indonesia in joint venture talks24 January 2014, Published under Cement NewsSemen Indonesia is in early talks to establish joint ventures with three potential partners, the company’s president director, Dwi Soetjipto, has revealed. Speaking to local press, Dwi said that three investors have “declared their interest to create joint ventures with Semen Indonesia,” including investors from Indonesia and overseas. Indonesia’s leading cement producer is still reviewing the proposals and has yet to make a decision on whether the partnerships would be the right strat... |
Semen Indonesia eyes further Asian expansion15 January 2014, Published under Cement NewsFollowing the acquisition of a majority stake in Vietnam-based cement producer Thang Long Cement in 2012, Semen Indonesia is now setting its sights on expanding into Bangladesh as well as completing a deal in Myanmar this year. “We will probably acquire grinding mills in Bangladesh [...] but not this year,” Semen Indonesia corporate secretary Agung Wiharto told the Jakarta Post. Wiharto also said that Semen Indonesia is looking to acquire a cement company or establish a joint venture i... |
Chinese sign US$733m cement deals in Nigeria and Myanmar13 December 2013, Published under Cement NewsSinoma and CITIC Heavy Industries have agreed deals worth US$733m to construct cement plants in Nigeria and Myanmar, respectively. Sinoma International Engineering Co Ltd, part of China National Materials Co Ltd, signed a US$536m contract with Nigeria’s Dangote Cement Plc, according to a Reuters report. Sinoma and Dangote will build two clinker cement production lines in Nigeria, each with a cement capacity of 6000tpd. Meanwhile, CITIC Heavy Industries is collaborating in Myanmar with a... |
Myanmar: government names successful joint venture cement plant bids08 November 2013, Published under Cement NewsMyanmar's cement sector is set to expand with the prospect of several new state-led joint ventures coming into existence after the government gave the go-ahead to 13 companies to establish projects to boost the country's cement production. The Ministry had offered tender to both local and foreign firms to operate the plants, which fall under the jurisdiction of the No. 3 Heavy Industries Department of the Ministry of Industry. The winning firms are: Shwe Taung Cement Co Ltd, Original Gr... |
Siam City Cement shelves Cambodia plant plans29 August 2013, Published under Cement NewsThailand-based Siam City Cement (SCCC) has put its plans for a 1Mta cement plant in Cambodia on hold while it concentrates on meeting domestic market needs. Managing director of SCCC, Philippe Arto, told the Bangkok Post that the company's board has decided to put its plans for the US$150m Cambodia facility “on the shelf” after finishing a feasibility study. Construction had been expected to start at the end of this year. Mr Arto added that: “The board decided that the project is not a pr... |
Siam Cement Group to begin Myanmar plant construction in 2H1306 June 2013, Published under Cement NewsSiam Cement Group of Thailand plans to kick start construction of a greenfield cement plant in neighbouring Myanmar in the second half of this year, having received regulatory approval. The 1.7Mta cement factory has been given the go-ahead by the Myanmar Investment Commission (MIC), allowing the Thai conglomerate to begin construction as soon as the investment value is finalised by SCG's board, according to president and chief executive KanTrakulhoon. The investment value is expected to b... |
Lafarge Malayan Cement to finalise expansion plans by August27 May 2013, Published under Cement NewsLafarge Malayan Cement is expected to finalise plans for a new expansion project by the end of August this year, according to the company's chief executive Bradley Mulroney. "We are very close to finalising the option we want to adopt for our next phase in terms of expansion," Mr Mulroney told reporters, adding that a decision is likely to be made at the company's board meeting in August. Mr Mulroney expressed confidence in the growth potential for Malaysia's cement demand which will b... |
Siam Cement Group to lift capacity by 4.5Mta in two years25 April 2013, Published under Cement NewsSiam 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 compa... |
Semen Indonesia to begin Myanmar construction next year26 March 2013, Published under Cement NewsPT Semen Indonesia is set to start construction of a new plant in Myanmar next year as part of the country's regional expansion drive. Citing the company’s president director Dwi Soetjipto, the Jakarta Post reported that operations at the 1Mta would begin in 2017. The plant would mainly serve the growing market of Myanmar which is modernising its economy after decades of military rule. Domestic cement consumption, which in 2012 is expected to have increased by 16.7 per cent to 7Mt, is ... |
Siam Cement Group to lift exports to Myanmar11 December 2012, Published under Cement NewsSiam Cement Group (SCG) of Thailand plans to boost exports of its Elephant brand cement to Myanmar and expand its distribution network in the Southeast Asian country, according to an official of the company’s local subsidiary. Speaking to the Myanmar Times, Soontornpol Veerapravati, managing director of SCG Trading, which is SCG’s subsidiary in Myanmar, said the company would export 2Mt there in 2013. However, this is just a one per cent increase over the 1.9Mt likely to be exported this ye... |