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|Saturday, June 03, 2000, updated at 16:33(GMT+8)|
Myanmar, Chinese Company Sign Cement Plant AccordThe Myanmar Ceramics Industry authorities and a Chinese company signed an agreement Friday on building a cement plant project in Kyaukse, central Mandalay Division of the country.
The signing ceremony of the agreement between the state-run Myanmar Ceramics Industry (MCI) of the Ministry of Industry-1 and the China National Constructional and Agricultural Import and Export Corporation (CAMC) was attended by Myanmar Minister of Industry-1 U Aung Thaung and Economical and Commercial Counselor of the Chinese Embassy Jin Honggen.
Representing their respective parties, Managing Director of MCI U Than Shwe and Chairman of the CAMC Ren Honbin signed the agreement.
The plant, whose capacity is to be 500 tons a day, will have machinery and technology worth 16.5 million U.S. dollars. And it will be built within 22 months.
Myanmar produced a total of 338,007 tons of cement in 1999, a drop of 7.38 percent compared with 1998.
In recent years, Myanmar has sped up the pace of infrastructural construction of roads, bridges and dams, resulting in a shortage of cement day by day.
To meet the rising demand for cement, the Myanmar government has been trying to build more cement plants.
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