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Siam Cement to Build $388Mln Plant in Burma

26 August 2013

Thailand’s Siam Cement Pcl plans to build a US$388 million fully integrated cement plant in Burma as part of its drive to tap strong demand for construction materials in Southeast Asia. The facility would be Siam Cement’s first in Burma and will have annual capacity of 1.8 million tons, the company said in a statement. The plant is expected to start production by mid-2016.Siam Cement, Southeast Asia’s second largest cement maker, is also building production facilities in Indonesia and Cambodia to feed growing demand from a region that is home to some of the world’s fastest growing economies and frontier markets.—Reuters