TAUNGGYI, SHAN STATE : Just as cement businesses solidified in Thailand over the course of two decades, the same industry is expected to gel in Myanmar.
LV Technology Plc (LVT), the MAI-listed engineering consultancy and equipment provider to the cement market, said there are 14 cement plants in Myanmar with a combined capacity of 3.5 million tonnes per year. Demand is 6 million tonnes.
"There is massive potential for cement growth in Myanmar. The growth trends for the industry will be similar to Thailand, with more direct investments leading to higher demand," said Wisoot Anupunthumetha, an adviser for LVT.
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