The Siam Cement Group (SCG), Thailand's largest cement company, will build a plant next year in Myanmar's Taninthayi region, said country manager Soontornpol Veerapravati.
“SCG is planning to manufacture its main products in Myanmar and will open four retail stores in Yangon, Mandalay, Nay Pyi Taw and one other major city. It will also expand its outlets in other locations,” Soontornpol said.
SCG products entered Myanmar many years ago, though the plan to establish a cement factory there has just been decided.
Cement is currently in short supply in Myanmar, with only 15 factories operating, although the government is granting more permits for building cement plants.
SCG is also cooperating with other Asean countries including Vietnam, Laos, Malaysia and Singapore in the construction business.
At least 22 million tonnes of the elephant-logo cement from SCG is exported to regional countries including Myanmar every year.
Apart from cement, the company produces chemicals, paper and construction materials.