Myanmar Government names firms to run joint venture for state-owned cement plants

The government has chosen thirteen companies, including firms from Thailand and Germany, to establish a joint venture for state-owned cement plants, according to the Ministry of Industry.

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 Group, Max Myanmar Manufacturing, Asian Cement Public, Ultra Group of Companies, Shwe Khit Aung, Ferrostaal, Mother Industrial, Myint Investment Group, Myanmar Cement & Mineral Production, Global Star, Diadem (Myanmar) and Myanmar Jidong Cement.

The Myanmar Investment Commission has approved the construction of nine cement plants. Upon completion of those projects, the Ministry of Industry expects that nearly 10.53 million tons of cement can be produced per year.

The 15 existing factories—three state owned and the rest privately owned—can manufacture 4.02 million tons of cement per year.

Thailand-based Siam Cement Company will build a cement plant in Myanmar worth US$ 388 million (Ks 377.13 billion). Semen Indonesia Firm also plans to construct a cement factory here worth US$ 200 million, and India-based Ramco Company is currently in discussions with the government about building a cement factory in Myanmar.

Source: ELEVEN Myanmar

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here