SCG Cement and Construction Company will join hands to develop US$1 billion worth Yangon Amata Smart and Eco City project, announced the Amata Corporation. Surachai Pornjindachote, Country Director of SCG Cement and Construction and Yasuo Tsutsui, MD of Yangon Amata Smart and Eco City signed the joint-venture agreement on January 24 at Kempinski Hotel in […]
Thai investors buoyed by CLMV investment climate
Following the strong economic growth in Asean, especially in CLMV countries (Cambodia, Laos, Vietnam, and Myanmar), Thai investors have expanded their regional investment by focusing on alternative energy, food and agriculture processing, tourism, and service business. According to a report by the Bank of Thailand, as of September 30, 2017 Thai investors showed outstanding direct […]
Myanmar likely to join Asean Power Grid
MYANMAR is likely to be the fifth Asean country to sign up for the Asean Power Grid formed by Laos, Thailand, Malaysia and Singapore, energy ministers have said. “We had long discussions with our Myanmar counterparts,” said Laos Vice Minister for Energy and Mines Viraphonh Vilavong. “They are keen to join. I expect that to […]
SCG to open Yangon showroom in May
Large Thai firm Siam Cement Group (SCG) will open its first Myanmar showroom at 10 Mile in May, according to its country director Chana Poomee. It aims to showcase products to its partners and dealers, while architects, developers and home owners will be able to explore a variety of building materials, he said at a […]
SCG eyeing Myanmar building materials chain
Industrial conglomerate Siam Cement Group is planning a joint venture with Siam Global House Plc, a building materials and home improvement retailer, says an SCG source. The source said the move was aimed at opening the first chain of Thai construction materials stores in Myanmar and gaining from the growing construction industry in the region. […]
Lafarge Launches 20,000-MT Cement Repacking Plant in Thilawa
French cement giant Lafarge has opened a cement repacking and storing factory in Thilawa special economic zone (SEZ) in Myanmar. Lafarge, one of the world’s largest building materials firm with over €15 billion in revenues, and two local companies – Aung Myin Thu and My Associates – have built the factory with an estimated investment […]