Residents stage protest against coal-fired power plant built in MCL Cement Plant

Malamyine residents have staged a protest against the coal-fired power plant at MCL Cement Plant in Kyaikmayaw, Mon State, which may also have been constructed without permission. Aung Kyaw Thu, Chairman of Finance, Planning and Economic Affairs Assessment and Scrutiny Committee of Mon State Parliament, said: “Our committee raised a question to the Ministry of […]

Coal-Powered Cement Plant Starts Production Despite Local Opposition

MOULMEIN, Mon State — A 5000-ton cement factory has started commercial operations in Kyaikmayaw Township, Mon State, despite opposition from locals over the coal-fired plant that will fuel it. Mon State Chief Minister Dr. Aye Zan confirmed on Thursday the US$400 million project, run by Mawlamyine Cement Limited (MCL)—a joint venture between Thai firm Siam […]

Thai Cement Giant SCG Sees 2016 Profits Up Ahead of Myanmar Plant’s Imminent Opening

​​ Thai cement compa­ny SCG has posted a 24 percent year-on-year profit increase for the 2016 financial year driven by the perfor­mance of the company’s chemical business. SCG, which also produc­es packaging and indus­trial chemicals, posted a $1.6 billion profit for 2016 but saw a drop in revenue for the final quarter of the year, […]

Myanmar likely to join Asean Power Grid

MYANMAR is likely to be the fifth Asean country to sign up for the Asean Power Grid formed by Laos, Thailand, Malaysia and Singapore, energy ministers have said. “We had long discussions with our Myanmar counterparts,” said Laos Vice Minister for Energy and Mines Viraphonh Vilavong. “They are keen to join. I expect that to […]

SCG fosters a culture of earthquake safety

EARTHQUAKES have become more frequent in Myanmar, with the latest one hitting the country earlier this month. Hence, Siam Cement Group – driven by its commitment to contribute to communities – is using this opportunity to share knowledge on how to minimise damage to lives and property in the event of an earthquake. In collaboration […]

SCG to open Yangon showroom in May

Large Thai firm Siam Cement Group (SCG) will open its first Myanmar showroom at 10 Mile in May, according to its country director Chana Poomee. It aims to showcase products to its partners and dealers, while architects, developers and home owners will be able to explore a variety of building materials, he said at a […]

SCG eyeing Myanmar building materials chain

Industrial conglomerate Siam Cement Group is planning a joint venture with Siam Global House Plc, a building materials and home improvement retailer, says an SCG source. The source said the move was aimed at opening the first chain of Thai construction materials stores in Myanmar and gaining from the growing construction industry in the region. […]

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 […]

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 […]

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 […]