Siam Cement Group to invest in greenfield cement plant in Myanmar

Siam Cement Group yesterday said it would invest Bt12.4 billion for its first integrated greenfield cement plant in Myanmar to serve the rising demand in that market. Kan Trakulhoon, president and chief executive of SCG, said the board of directors approved the investment to construct its first fully integrated cement plant in Myanmar under that country's Foreign Investment Law. Construction is expected to begin by mid-2016. The cement plant, with annual output capacity of 1.8 million tonnes, … [Read more...]