Home Insider SCG Reconfirms Commitment to Myanmar

SCG Reconfirms Commitment to Myanmar

SCG joined a business delegation led by Thailand’s Deputy Prime Minister Dr. Somkid Jatusripitak to meet with top Myanmar officials in Nay Pyi Taw and Yangon. The meetings were aimed at expanding bilateral trade and investment with neighbouring countries.

At the Thailand-Myanmar Business Corporation Conference, H.E. Dr. Somkid Jatusripiark, citing SCG’s commitment to Myanmar, said “Between neighbouring countries like Thailand and Myanmar, there are many similarities. We know foreign investment is a primary component of the development of a nation. We are glad Thailand can play a small part in Myanmar’s growth. SCG is one of the largest businesses in Thailand and, over the last 100 years, has played a crucial role in supporting the development of the country. SCG is a pioneer of Thai investment in Myanmar, and I am confident they are a trusted and dependable partner, paving the way for future investors.” H.E. Pisanu Suvanajata, Ambass

H.E. Pisanu Suvanajata, Ambassadorof Thailand to Myanmar added “At the Embassy and across our government departments, we encourage the Thai private sector to establish operations in Myanmar, have confidence in Myanmar’s business environment and follow the 4R’s: respect for local values, return on profit, re-invest in human resources and responsible investment. SCG has fulfilled each of these prospects. The Royal Thai Government is committed to strengthening our close ties with Myanmar, and supporting investments and activities that ensure a long-lasting friendship between the Thai and Myanmar people.”

Myanmar, and supporting investments and activities that ensure a long-lasting friendship between the Thai and Myanmar people.”

Since 2013, SCG has invested $400 million, beginning with its first integrated greenfield cement plant, Mawlamyine Cement, which is now ready to start commercial operations, delivering cement products in Myanmar. The group began importing cement to the country more than 20 years ago, and the establishment of the cement plant reflects the long-term commitment to drive economic and infrastructure development, as well as, supports the growth of the cement- building materials industry in Myanmar, according to SCG.

“SCG sees strong potential in the Myanmar market as the country is steadily developing and there is a need for basic infrastructure. While staying true to our Thai roots, we operate our business in Myanmar as a local company: we hire locally, develop local talent and use local suppliers. We pride ourselves on being an active member of society, taking into account the environment, through choice mining procedures; communities, through local CSR programs; and the economy, through the creation of approximately 500 jobs and $1.7 million (since 2014) contributed through taxes.”Bunn Kasemsup, Managing Director of SCG, said.

SCG has been doing business in Myanmar for more than 20 years. With total of 5 subsidiaries driven by approximately 500 employees, SCG offers variety of products and services to cement– building materials market. Over the years, SCG has contributed a variety of CSR activities toward the Myanmar people, including educational support for students, public health and medical programs and community-building activities