Thai investors eye opportunities

Thai businesses are continuing to eye Myanmar opportunities, downplaying concerns the country’s political situation may slow investment here. Several Thai business delegations visited Yangon last week looking to expand in the fast-growing economy, though some experts added further reforms in Myanmar are required to attract investment. Thailand investment will reach US$100 billion in the next […]

Siam Cement Using Cash Pile to Grow in Indonesia & Myanmar

Siam Cement, Asia’s biggest cement producer by market value, plans to buy as many as five companies in Southeast Asia as rising incomes boost demand for homes and governments increase spending on infrastructure. Bangkok-based Siam Cement is in talks with companies including a building-materials producer in Vietnam, President Kan Trakulhoon said, without naming them. The […]

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 […]

Thailand SCG’s cement plant likely to get board nod from board

SIAM CEMENT GROUP’S board of directors is expected in August to approve a plan to invest US$420 million (Bt13.15 billion) in a new cement plant in Myanmar, indicating its confidence in the economic potential of Asean. “Despite concerns of lower economic growth in Asean, we’re still confident that it’s a promising region. In August, the […]