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Thai Company to Invest in Cement in Burma

18 October 2012

Bangkok-based LV Technology (LVT), an engineering consulting firm that mainly provides equipment and expertise to the cement market, plans to partner with the Max Myanmar Group of Companies to invest in Burma. The company said it will issue 396.69 million new shares to raise funds for the new investment, which includes renovating two cement factories near Naypyidaw. The Bangkok Post quotes LVT Managing Director Hans-Jorgen Nielsen as saying that the investment “will put the company on a more solid footing and provide stable revenue in the long term.”