HomeMMBIZ NewsLafarge Explores Cement Markets in Myanmar, Sri Lanka, Bangladesh

Lafarge Explores Cement Markets in Myanmar, Sri Lanka, Bangladesh

French cement and concrete maker Lafarge’s Malaysian subsidiary is considering exploring cement export markets in Myanmar, Sri Lanka, Bangladesh, Maldives, Mauritius and other countries around the Indian Ocean.

Its President and Chief Executive Officer Bradley Mulroney said Lafarge was selling cement to various countries but would like to emphasise on Peninsular Malaysia as the company has a commitment to the Malaysian government to ensure that it would not have a cement short-supply.

“We must not export and leave Malaysia with a short-supply,” he told reporters after the company’s annual general meeting, Bernama news agency reported.

Mulroney said Lafarge’s plans to venture into new markets were advantageous vis-a-vis other cement exporters as currently the company has 35 concrete plants nationwide. Three plants were opened in the last four months.

He said the company was investing between RM45 million and RM50 million ($14-15.5 million) this year in the cement business.

- Advertisment -spot_img

Must Read

KBZ allows cash withdrawal without limitation; but only for cash deposit

KBZ bank announced that its customers can now withdraw cash from their personal bank without any withdrawal amount limitation, but it only applies to...
spot_img