Thailand's second biggest cement producer, Siam City Cement (SCCC), intends to set up a factory in Myanmar and perhaps invest in Cambodia as well.
The company hopes that overseas expansion will offset the slow cement demand in the Thai market, which is expected to rise by 2%-3% only in 2014 following the ongoing political crisis.
In 2013, SCCC's local cement business expanded by 7%, whereas its other new businesses, including the waste managing unit Geocycle and wood replacement building materials unit Coonwood, recorded a combined growth of over 20%.
For 2014, SCCC will invest THB 100 million (€2.23 million) to expand Conwood's product range to tap on the growing demand.
By mid-2015, the fourth production line at Conwood's factory in Saraburi is due to come online.
