Myanmar Dealbook: Europe’s Sioen Industries, Thai Siam Cement plan investments

Myanmar continues to see spurt in investments from overseas firms. While Sioen Myanmar, a subsidiary of European Sioen Industries Group, is investing $2.29 million in garment manufacturing, Thailand’s Siam Cement Group is putting in $5.8 million in new concrete production.

Thai Siam Cement to invest $5.8 m on concrete production

Thailand’s Siam Cement Group (SCG), a business conglomerate in ASEAN, is investing $5.8 million in a new concrete production business in Yangon.

The investment is in the production and marketing of concrete including readily mixed concrete, precast, reinforced and pre-stressed concrete as well as post-tensioned products of SCG brand, according to a spokesperson from the Directorate of Investment and Company Administration.

SCG Myanmar Concrete and Aggregate Co Ltd will carry out the project, whose construction is expected to finish by the end of 2016.

SCG currently is also expanding the construction of a cement plant in Mawlamyine, Mon state, that will be opened this year. The cement plant is said to have an investment of about $400 million with a capacity of nearly 2 million tonnes per year.

Also Read: Thailand’s SCG plans $6.2 billion ASEAN investment

SCG acquires two overseas cos for $19.2m

Sioen Industries Group to invest $2.29m in garment sector

Sioen Myanmar Ltd, a subsidiary of Europe-based Sioen Industries Group, is investing $2.29 million in the Myanmar’s garment manufacturing  sector.

Investment will be for the cutting, manufacturing and production (CMP) work of technical garments in the Hlaing Tharyar industrial zone. The construction of the project is expected to be finished in 2017, according to the Directorate of Investment and Company Administration.

Sioen Industry Group is involved in spinning, weaving, coating, production of chemicals (like varnishes and inks) and manages the industrial chain from yarn to finished product.

Sioen Myanmar will be investing in Myanmar over a 15-year period.

The majority export of garments from the country is to Japan since 2007 followed by Germany, Spain, South Korea, China and Britain. The garment manufacturing is mostly done in industrial zones in Yangon which house over 1000 garment industries.

Also Read:

 Myanmar: Manufacturing starts at Zone A of Thilawa SEZ; Muse Central Economic Zone 70% completed

Myanmar dealbook: ANZ to open branch in Yangon; Japan gives $700k for circular train; Wood-based industrial zone to come up

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.