Myanmar Sugar Development Co to Invest $20m in First Phase of Project
by Juliet Shwe Gaung (Deal Street Asia) Myanmar Sugar Development Public Co Ltd has secured state approval to invest $20 million in setting up a sugar mill in Kathar township, Sagaing Region, to produce sugar for local consumption and byproducts, power and ethanol. The first phase of the mill construction and cogeneration plant is expected to be completed in a year and a half followed by another $20 million investment for the second phase, said Win Htay, managing director, Myanmar Sugar Development Public Co Ltd.
The crushing capacity of the mill is targeted at 5,000 tonne sugarcane per day to produce 500 tonne per day of white sugar. READ MORE