HomeMMBIZ NewsGovernment Boosts Cement JVs in Myanmar

Government Boosts Cement JVs in Myanmar

The government has chosen 13 companies, including firms from Thailand and Germany, to establish joint ventures for state-owned cement plants, according to Myanmar’s Ministry of Industry.

The ministry had offered tenders to local and foreign firms to operate the plants. The winning firms comprise: Shwe Taung Cement Co Ltd; Max Myanmar Manufacturing; Asian Cement Public; Ultra Group of Companies; Shwe Khit Aung; Ferrostaal; Mother Industrial; Myint Investment Group; Myanmar Cement & Mineral Production; Global Star; Diadem (Myanmar) and Myanmar Jidong Cement.

The Myanmar Investment Commission has approved the construction of nine cement plants. On completion of these projects, the Ministry of Industry expects that almost 10.53 million tonnes per year (TPA) of cement will be produced.

The 15 existing plants, three state-owned and the rest privately-owned, can produce 4.02 million TPA of cement.

Thailand’s Siam Cement Company will invest $388 million for its first fully integrated plant in Myanmar. Semen Indonesia also plans to construct a plant worth $200 million and India-based Ramco Cement is said to be in discussions with the government over the possibility of building a new facility.

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