- Buses remain least among 90,000 vehicles registered
- Korean firm to conduct feasibility study on water supplying projects in Yangon
- Credit Information Bureau to be formed
- ASEAN Economic Community Workshop held in Myanmar
- Vietnam-Myanmar economic seminar in Yangon
- Investment commission approves 33 companies in first quarter
- Gold price slumps in Myanmar
- US Dollar hikes but temporarily, Central Bank says
- Myanmar hardwoods to be exported to EU only in 2015
- Thai cement imported via Myawady Border
Published on Wednesday, 12 December 2012 14:05
Hydrotek, a small operator in the construction and environmental-engineering management business, plans to expand into Myanmar and Indonesia to embrace the upcoming Asean Economic Community, due to be launched in 2015.
Chief executive officer Slib Soongswang said the company planned to invest in a tap-water project, using the reverse-osmosis system, in Indonesia. "The company is now in talks with a local partner to form a joint venture to produce and supply tap water in Bandung," he said.
The company expects to start at least one project next year, Slib said.
The firm's planned wastewater-treatment project in an industrial estate in Myanmar is awaiting approval.
"If there is not any inquiry, we expect to receive approval by year-end," he said, adding that the project, which holds a 30-year concession, would have an investment value of Bt7 billion to Bt8 billion. The company will need to invest Bt300 million in the project initially.
The projects in Myanmar and Indonesia, if successful, should start generating returns for the company after 2014, he said.
Source: The Nation