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Industry players plan ASEAN cement expansion

Posted on : 13 Jun, 2013

Siam Cement, the second largest cement maker in the region, has announced a $900 million budget to build new cement plants in emerging nations Myanmar, Indonesia and Cambodia in 2013 to 2015, tapping on the countries’ construction boom.

 

With the highest cement demand amongst all 10 ASEAN nations, Myanmar, with an estimated potential growth at 20%, is set to become the industry focal point for the next few years as rapid expansions and increasing cement demands are to follow. In addition, cement demand in Thailand and Indonesia is expected to grow by 10%, spurring the industry giant to make plans for a possible raise in investment budget by more than 60% to $1.5 billion after 2015.

 

Rival company, PT Semen Indonesia also plans to seize this golden opportunity, announcing the building of a $200 million factory in Myanmar in 2014. The factory is expected to bring a 600,000 to 1 million ton annual capacity to the country, reducing Myanmar’s reliance on cement imports which currently stands at about 3 million tons, half of the country’s annual usage.

 

Major industry players will convene at CMT’s 15^th Asia CemenTrade in Yangon on September 24-25, 2013 to assess the market and also update on prospects and challenges of the cement market in Myanmar, Cambodia, Laos, Thailand, India, Indonesia, The Philippines and China.

 

For more information on the industry meet, contact Ms. Grace at grace@cmtsp.com.sg or Tel. +65 6346 9147.

 

 

Read more:

Thai Siam Cement mulls capex hike for ASEAN expansion

Indonesia’s top cement firm plans $200m Burma factory