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News Italcementi considering Myanmar market move

Italcementi considering Myanmar market move

Written by Global Cement staff 12 March 2014
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Myanmar: Italcementi is considering entering the Myanmar market in the next few years, its chief executive has said. Carlo Pesenti said that the Italy–based international cement producer was negotiating with a local partner in Myanmar and studying the country's foreign investment law, in an interview with The Nation.

Italcementi is already active in Southeast Asia through its Jalaprathan Cement and Asia Cement subsidiaries in Thailand. In 2013 the country helped shore-up Italcementi's annual results with a rise in turnover of 18.1% year-on-year to Euro269m and earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 58.8% to Euro51.5m. Italcementi Thai cement shipments increased by 13.8% as an additional kiln was brought back on-stream.

Published in Global Cement News
Tagged under
  • Myanmar
  • Italcementi
  • Thailand
  • GCW141
  • Jalaprathan Cement
  • Asia Cement
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