Siam Cement to lift capacity by 4.5 mta

Siam Cement Group plans to spend $1.5bn to expand cement production capacity in Southeast Asia by 4.5 mta over the next two years. President and Chief Executive of Siam Cement Kan Trakhulhoon said that that the $400 mn cement plant in Indonesia is already under construction with Phase 1 expected to come on-stream by 2015.

The Myanmar cement factory is still awaiting approval, but Phase 1 is also slated to be operational by 2015 and involve a similar cost.

The company has also earmarked $170-180 mn for a new line at Siam Cement’s Cambodian works which currently has a 1 mta capacity. The new projects would lift Siam Cement’s capacity by 4.5 mta by 2015, Trakhulhoon said.