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Italcementi Eyes Myanmar Investment

Italian cement major Italcementi is studying the possibility of entering the Myanmar market in the next few years, its chief executive has said in a recent interview.

Speaking to The Nation about Italcementi’s growth potential in the ASEAN region, Carlo Pesenti said: “We are negotiating with a local partner in Myanmar and also studying the country’s Foreign Investment [Law].”

Italcementi is already active in Southeast Asia through its Jalaprathan Cement and Asia Cement operations in Thailand. Last year, Thailand proved to be a particular bright spot for Italcementi as turnover rose by 18.1 percent to €269.2 million and the EBITDA moved ahead by 58.8 percent to €51.5 million. Domestic cement shipments advanced by 13.8 percent as an additional kiln was brought back on-stream.

Italcementi Group is the fifth-largest cement producer in the world, operating in 22 countries on four continents, and has an industrial network of 53 cement plants, 10 grinding centres, seven terminals, 449 concrete-batching units and 115 aggregates quarries.

In 2012 Italcementi Group posted sales of about €4.5 billion.

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