IFC considers equity injection for Shwe Taung Cement plant expansion in Myanmar

The International Finance Corp is considering an equity injection of up to US$15 million and a loan of up to US$20 million for the brownfield expansion of Shwe Taung Cement's plant in Pyi Nyaung village, Myanmar. The total project cost is estimated at US$110 million, and the expansion will increase clinker capacity to 5,500 tpd and cement grinding capacity to 7,200 tpd.

“The proposed IFC investment in STC comprises an investment in common equity for up to US$15m and providing an A Loan of up to US$20m.”cemnet.com

• 2 sources
• cemnet.comIFC considering equity injection in Myanmar cement plant expansion projectApr 10, 2017
• shwetaunggroup.comSummary of Investment Information (SII) - Shwe Taung GroupApr 16, 2017

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