Economic opportunities in Rakhine State

Rakhine State is rich in natural resources. It has many rivers, lakes, ponds and is connected to the ocean. Good ports exist and as improvement to road links are being made, trade, local and foreign investments are increasing. The government is emphasizing on investment and trade in order to increase production in agriculture products as […]

Thai Exim Bank to open rep office in Yangon

The Export-Import Bank of Thailand will open a representative office in Yangon, Myanmar, in April to assist the start-up or expansion of Thai companies there. Bank president Pisit Serewiwattana said.the Exim Bank has been given a licence to open an office in the former capital city by the Central Bank of Myanmar. The next step […]

Loesche to supply mills to Myanmar

Loesche has received an order for two cement mills (cement/slag) from the South Korean company, Yojin Construction & Engineering Co. Ltd. The two vertical roller mills a modern and reliable, and will be used in the company’s new clinker grinding plant in Thilawa, Myanmar. They will produce around 75 tph of clinker cement, with a […]

Mizuho Bank and MAX Myanmar inked an MoU for business cooperation

Mizuho Bank and Max Myanmar Holdings signed a memorandum of understanding (MoU) for business cooperation with an aim at facilitating foreign direct investment (FDI) in Myanmar by Japanese companies. Mizuho Bank will be the first Japanese bank to sign an MoU with Max Myanmar. Mizuho has been supporting Japanese companies entering Myanmar. It opened a […]

Building Myanmar – LafargeHolcim’s Approach to Keeping Pace with the Growth of Myanmar

On July 15, 2015, the merger between the two major building material manufacturers, Lafarge and Holcim, had been finalised. The merger allows LafargeHolcim to obtain the global market leadership in its core business segments cement, concrete and aggregates and to gain presence in 90 countries. Myanmar Business Today takes this as an opportunity to hear […]

Semen Indonesia may drop Myanmar investment plan

State-run cement giant Semen Indonesia may cancel its plans to invest in Myanmar if the company and its local partner fail to reach an amicable agreement over the partnership deal, an executive has said. Semen Indonesia corporate secretary Agung Wiharto said that his company was facing another difficult round of discussions with its partner in […]

Lafarge Launches 20,000-MT Cement Repacking Plant in Thilawa

French cement giant Lafarge has opened a cement repacking and storing factory in Thilawa special economic zone (SEZ) in Myanmar. Lafarge, one of the world’s largest building materials firm with over €15 billion in revenues, and two local companies – Aung Myin Thu and My Associates – have built the factory with an estimated investment […]

Building code adheres to international standards, deputy minister says

The Ministry of Construction is preparing to enact the draft Myanmar Building Code, Soe Tint, deputy minister for construction told the Upper House on October 1. The ministry has been working on the code since 2011 and analysing the draft since last year. It has received technical assistance from UN Habitat to ensure the code […]

SCG to Pour in $400m in Mawlamyine Cement Plant

Thailand’s largest cement plant, Siam Cement Group (SCG), is investing $400 million to build its first “clean and green” cement plant in Myanmar’s Mawlamyine, 300 kilometres southeast of Yangon. The cement plant is expected to be operational in the mid-2016 with a production capacity of 1.8 million tonnes per year, the firm said. The company […]

Semen Indonesia Enters Myanmar Market

Jakarta. Semen Indonesia, the country’s largest cement maker, has agreed to buy a minority stake in a cement company based in Myanmar this year. The move is seen as part of the company’s efforts to expand its reach in the region ahead of the Asean Economic Community, which is scheduled to be implemented next year. […]