Yadana Sai Kaung Myat Kyaw Co to increase investment of $760 mln to upgrade cement plant in Thazi Tsp

A cement plant (Pyinaung) in Thazi Township, Mandalay Region, which is leased by Yangon City Development Committee (YCDC), will be upgraded with a capital expansion of US$760 million.
Yadana Sai Kaung Myat Kyaw Mining Company will upgrade cement production from a wet process to an efficient and advantageous new dry process. It expects to enhance cement production capacity to 6,000 tonnes per day, YCDC stated.
The company returned a plant and buildings after a lease ran out. Then, it signed a new agreement with YCDC on 6 January 2022 in order to upgrade the cement plant with a daily production capacity of 6,000 tonnes.
As a diversification, YCDC built a cement plant on 515 acres of the forest reserve owned by the Department of Forest near Pyinaung village, Thazi Township, Mandalay Region on 1 November 2008. YCDC signed a long-term lease with Yadana Sai Kaung Myat Kyaw Mining Company until 2043. The company makes quarterly payments with Myanmar currency which is equivalent to an annual lease payment of $1.08 million, according to the Yangon Region Hluttaw meeting held in March 2019. The cement plant was opened on 29 April 2010, with a daily production capacity of 500 tonnes. It was earlier leased to Max Myanmar Manufacturing Co., Ltd under a 45-year agreement. In 2016, it was transferred to Yadana Sai Kaung Myat Kyaw Mining Company without amending the contract. — Ko Naing(Bago)/GNLM