Siam Cement plans 1.8Mta plant in Myanmar

Siam Cement Pcl, Thailand, plans to build a 1.8Mta integrated cement plant in Myanmar, ready to start production in mid-2016. The THB12.4bn (US$388m) investment will position Siam Cement as one of the foremost producers in the country, where cement demand is forecast to increase by 10 per cent over the next five years, according to a Reuters report.

Last year, Siam Cement accounted for more than 40 per cent of the 4Mt of cement consumed in Myanmar. Siam Cement is 30 per cent owned by the Thai royal family's investment arm, the Crown Property Bureau.