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SCG’s Myanmar Revenue up 25pc

For the first 9 months of 2017, Thai cement giant Siam Cement Group (SCG) said its Myanmar unit recorded revenue from sales at $ 185 million (252,454 million Kyats) . Quarter three of 2017 revenue sales amounted to $54 million, a 25 percent rise year on year due to its operation of cement plant, having been started commercial run since last year. Operating results of the first 9 months of 2017, showed a slight decrease in profit compared to the same period of the previous year. The conglomerate announces its strategic focus is on collaborations from around the world to create innovations as well as investing in start-ups through world-class venture capital, utilizing technology to strengthen its business in response to digital transformation.

For the latest move in Myanmar, SCG launched nation-wide brand campaign for the second consecutive year to emphasize that SCG has been with Myanmar society for a long time thus people trust in premium quality products and sustainable business operation. Witnessed by Myanmar people, SCG has brought many social responsibility initiatives to help develop Myanmar alongside the communities. Recently, SCG continued its “SCG Sharing the Dream 2017” scholarship p r o g r a m , w h i c h a w a r d e d 3 0 0 scholarships to high schools students. This program has been running for 6 years and has already supported more than 1,300 students in Yangon Region and Mon State.