Siam Ce­ment eyes build­ing ma­te­ri­als mar­ket

Mizzima Business Weekly - - CLOSER LOOK -

One of Thai­land's big­gest in­dus­trial con­glom­er­ates, Siam Ce­ment Group, is plan­ning to open shops in Myan­mar in a joint ven­ture with a Thai build­ing ma­te­ri­als re­tailer, the Bangkok Post re­ported on Jan­uary 17.

The English-lan­guage daily quoted an SCG source as say­ing it was plan­ning the joint ven­ture with Siam Global House Plc., and ex­pected to open two shops in Yan­gon and one in Man­dalay.

As well as build­ing ma­te­ri­als, Siam Global House also sells home im­prove­ment sup­plies.

“We're also look­ing at Cam­bo­dia, Laos and Viet­nam but [are] start­ing with Myan- mar, as we see strong de­mand for build­ing ma­te­ri­als and ware­houses there,” the Bangkok Post quoted the source as say­ing.

“Myan­mar is spend­ing a lot on in­fra­struc­ture and in­vest­ment projects,” the source said. [Mizzima]

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