Siam Cement Group spends US$386m on first cement plant in Myanmar

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Myanmar: Siam Cement Group (SCG) has announced that it will build a 1.8Mt/yr greenfield cement plant costing US$386m in Mawlamyine, Myanmar. The plant will include a 40MW captive power plant, a 9MW waste heat recovery system, supporting port facilities and other infrastructures for future expansion.

"The Myanmar cement market is estimated at approximately 4Mt in the 2012 financial year and is forecasted to grow at 10%/yr over the next five years," said president and CEO of SCG, Kan Trakulhoon.

Built under Myanmar's Foreign Investment Law, the cement plant is expected to start in mid-2016.

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