# Shwe Taung Cement expands cement plant in Mandalay, Myanmar

Shwe Taung Cement Company Limited is undertaking a brownfield expansion of its cement plant in Pyi Nyaung Village, Thazi Township, Mandalay. The project involves a USD15 million equity investment and a USD20 million loan from IFC.

- Type: Expansion
- Announced: 2020-08-21
- Where: Pyi Nyaung Village, Thazi Township, Mandalay, Myanmar (Burma)
- Value: $35.0M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Shwe Taung Cement](https://endata.com/companies/23491.md)
- [IFC](https://endata.com/companies/49372.md) (investor)

## Sources

- [shwetaunggroup.com](https://www.shwetaunggroup.com/overview/building-materials/), 2020-08-21: "Shwe Taung Cement Company Limited, part of Shwe Taung Building Materials and managed by Kyaw Naing Soe, is undertaking a brownfield expansion of its cement plant in Pyi Nyaung Village, Thazi Township, Mandalay."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.