Siam Cement Group has announced its intention to build a cement factory in Tanintharyi Region but is waiting for approval for the project from President U Thein Sein and the Myanmar Investment Commission, a company official said recently.
Mr Kan Trakulhoon, SCG president and chief executive officer, said the company is also analysing the impact of the enactment of the Foreign Investment Law on the project.
“We’ve already announced our plans to build our ‘Queen Fill Cement’ plant in Myanmar and have submitted our project proposal to the government,” Mr Kan Trakulhoon told The Myanmar Times following a press conference at Central World Hotel in Bangkok on Monday, November 5.
“But we still need permission from the president,” he added.
However, he did not reveal details about the possible production capacity of the plant.
He said senior SCG officials had discussed the project with President U Thein Sein during an official visit to Thailand in September and informed the company that he would make a decision on giving his approval to the project once he returned to Myanmar.
“We can see many SCG logos in Yangon, which means our products are being exported to Myanmar,” he said.
“Three years ago I was in Nay Pyi Taw to look at an investment project and back then there were few Thai companies talking about Myanmar.
“I brought our SCG management team to Myanmar to hold meetings for business and to get views on Myanmar because I wanted to educate them on what developments were taking place.”
Charoenchai Chaliewkriengkai, a senior engineer at SCG’s plant in Thailand’s Lampang province, said the company planned to build a hydropower dam to support its Tanintharyi Region cement factory.
“We are planning to build a dam in Myanmar next year as well as a cement factory. We are always looking for the latest and quickest ways to repair the environment that we work in,” he said.
“We have worked with many NGOs to explain the benefits of dam-building and we have already started work on this issue in Myanmar too.”
However, he said the company had not yet chosen the site to build its dam in Tanintharyi Region.
SCG operates a scholarship program for ASEAN countries and from 2013 the company will provide up to 200 grants for Myanmar students to study in Thailand.