SCG to include in Yangon Amata Smart and Eco City project

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 […]

Residents stage protest against coal-fired power plant built in MCL Cement Plant

Malamyine residents have staged a protest against the coal-fired power plant at MCL Cement Plant in Kyaikmayaw, Mon State, which may also have been constructed without permission. Aung Kyaw Thu, Chairman of Finance, Planning and Economic Affairs Assessment and Scrutiny Committee of Mon State Parliament, said: “Our committee raised a question to the Ministry of […]

Coal-Powered Cement Plant Starts Production Despite Local Opposition

MOULMEIN, Mon State — A 5000-ton cement factory has started commercial operations in Kyaikmayaw Township, Mon State, despite opposition from locals over the coal-fired plant that will fuel it. Mon State Chief Minister Dr. Aye Zan confirmed on Thursday the US$400 million project, run by Mawlamyine Cement Limited (MCL)—a joint venture between Thai firm Siam […]

Thai Cement Giant SCG Sees 2016 Profits Up Ahead of Myanmar Plant’s Imminent Opening

​​ Thai cement compa­ny SCG has posted a 24 percent year-on-year profit increase for the 2016 financial year driven by the perfor­mance of the company’s chemical business. SCG, which also produc­es packaging and indus­trial chemicals, posted a $1.6 billion profit for 2016 but saw a drop in revenue for the final quarter of the year, […]

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 fosters a culture of earthquake safety

EARTHQUAKES have become more frequent in Myanmar, with the latest one hitting the country earlier this month. Hence, Siam Cement Group – driven by its commitment to contribute to communities – is using this opportunity to share knowledge on how to minimise damage to lives and property in the event of an earthquake. In collaboration […]

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 […]