Cement News tagged under: Myanmar
Myanmar cement firms prepare for building boom07 December 2012, Published under Cement NewsLV Technology Plc (LVT) expects Myanmar's cement market to exhibit similar growth trend to Thailand's development path. The equipment supplier said: "There is massive potential for cement growth in Myanmar. The growth trends for the industry will be similar to Thailand, with more direct investments leading to higher demand," said Wisoot Anupunthumetha, an adviser for LVT. Supervising LVT's business in Myanmar, Mr Wisoot said the first cement plant with production capacity of 200tpd was set... |
Thai firm secures plant deal in Myanmar06 December 2012, Published under Cement NewsThailand’s largest cement company is scheduled to begin construction of a cement plant in Myanmar’s southern Tenasserim, Taninthayi Division next year, according to a report in Eleven Media. “SCG [Siam Cement Group] is planning to manufacture its main products in Myanmar and willing to open four retail stores in Yangon, Mandalay Naypyitaw and one other major city,” said SCG’s country manager Soontornpol Veerapravati. “The plan is also to expand more stores in other cities in the future.” ... |
Siam Cement outlines Southeast Asian expansion plans26 October 2012, Published under Cement NewsThailand’s Siam Cement Group has outlined further details of plans to expand its cement presence in Southeast Asia. According to reports in The Nation, the group is to invest THB11bn to set up a cement plant in West Java, Indonesia with a capacity of 1.8Mta which is scheduled to commence operations in 2015. The board has also approved a THB5.5bn (US$ 357m) investment to increase capacity of the group’s Kampot Cement plant in Cambodia by about 0.9Mta, with the additional output expecte... |
LV Technology to raise funds for cement project in Myanmar18 October 2012, Published under Cement NewsLV Technology (LVT) will issue 396.69 million new shares to raise funds to invest in a cement business in Myanmar through a unit of the Max Myanmar Group of Companies, according to reports in the Bangkok Post. LVT is an engineering consulting firm that mainly provides equipment and expertise to the cement market. Hans-Jorgen Nielsen, LVT's founder and managing director, said setting up the new entity will give the company a 15 per cent stake in Max Manufacturing Co. "This investment is an... |
Siam Cement awaits Myanmar investment law to proceed with plant10 October 2012, Published under Cement NewsSiam Cement Group of Thailand is waiting for Myanmar to pass its foreign investment law before proceeding with plans to build a 5000tpd cement plant in the country. Speaking to the Bangkok Post, Pramote Techasupatkul, president of SCG Cement said: "The proposed Myanmar factory is waiting for the authorities there to implement the new foreign investment law as well as for our project proposals to be approved.” Myanmar recently delayed the implementation of the long-awaited foreign inve... |
Dangote sets sights beyond Africa24 September 2012, Published under Cement NewsDangote Cement is expanding out of Africa. While its chairman Aliko Dangote remains firmly committed to the continent and its 40Mta production capacity owned by the company, he has set his sights beyond its borders – starting with Iraq and Myanmar, where plant construction could start as early as next year. When asked why he is investing specifically in those locations, he gives the example of Myanmar. As the country opens up, the opportunity is currently there to invest but may disappear at... |
Siam Cement sees 10% rise in domestic demand, Thailand14 September 2012, Published under Cement NewsSiam Cement Group (SCG) expects domestic cement consumption to be double than its earlier forecasts for 2012 as demand is on the path of recovery. Kan Trakulhoon, the president and chief executive, said capacity utilisation at SCG, the country's largest cement maker, this year will be on a par with last year at 18Mt or 78 per cent of its overall production level. He said the company aims to achieve maximum cement production capacity of 23Mt within the next three years thanks to recover... |
Gresik sets aside US$300m for regional expansion31 August 2012, Published under Cement NewsIndonesia’s largest cement maker, PT Semen Gresik, has US$300m to expand its business to the regional markets of Myanmar, Cambodia and Vietnam, the company’s chief executive Dwi Soetjipto has said. Speaking to the Jakarta Globe, he said: “Expansion overseas is still in the process.” Previously, Dwi indicated that the company was looking at acquiring stakes in cement producers in Malaysia, Myanmar, Vietnam and Thailand as it seeks to extend its regional reach. He also told the Investor ... |
Thang Long Cement plans to increase exports, Vietnam29 August 2012, Published under Cement NewsVietnam-based producer Thang Long Cement JSC plans to double monthly cement exports to Cambodia from its Hiep Phuoc grinding plant to 10,000 due to increased demand in the neighbouring market. Since the start of this year, the company has shipped around 5000t and 2000t of cement to Cambodia and Indonesia, respectively from the grinding facility, according to the company’s director Mai Anh Tai. Thang Long Cement plans to export around a further 150,000t of cement to these two markets betwe... |
Semen Gresik plans name change to raise its profile, Indonesia03 August 2012, Published under Cement NewsState Enterprises Minister Dahlan Iskan said Indonesian state-owned Semen Gresik is set to change its name to Semen Indonesia in a bid to raise the company’s international profile. The change is subject to approval by shareholders expected October or November this year, the minister said on Tuesday. Once the change becomes official, Dwi Doetjipto, president director of Semen Gresik, will become chief executive of Semen Indonesia. Dahlan said President Susilo Bambang Yudhoyono of Indone... |