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[Myanmar] Indonesian Cement Maker Plans $200 Million Plant In Burma


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Indonesia’s largest cement producer, PT Semen Indonesia Tbk, said it will build a US $200 million cement plant in Burma early next year as part of its expansion into the Southeast Asian market, according to a report by the Jakarta Post. The company plans to invest $70 million in the joint-venture project and is seeking a 40 percent share. The new plant, which will have a capacity of 1 million tons per year, will serve the Burmese market and neighboring countries like Thailand and Bangladesh. Construction of the plant is expected to be completed by 2017, the company said.



Source: Irrawaddy.org

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