FOREIGN INVESTMENT
SCG's Myanmar plant seeks clarity on law
- Published: 10 Oct 2012 at 00.00
- Newspaper section: Business
Siam Cement Group (SCG), Thailand's top industrial conglomerate, is waiting for Myanmar to pass its controversial foreign investment law before proceeding with plans to build a cement plant in the neighbouring country.
"The proposed Myanmar factory is waiting for the authorities there to implement the new foreign investment law as well as for our project proposals to be approved," Pramote Techasupatkul, the president of SCG Cement, said yesterday.
SCG, Thailand's largest cement producer, plans to invest nearly 10 billion baht in the cement plant, which will have a daily capacity of 5,000 tonnes.
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