STG Cement Project table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }              Shwe Taung Cement Company Limited (STC or the Company) is part of the Shwe Taung Group (STG or the Group) of Myanmar. The Group has presence across diverse businesses including real estate, construction, retail and financial services.         STG expanded into the cement business in 2010 by setting up STC, to meet the rapidly growing demand of concrete and cement in Myanmar. STC is an integrated cement manufacturer with current clinker manufacturing capacity of 1,500 tons per day (TPD) and cement grinding capacity of 2,800 TPD. The Company distributes its cement all over Myanmar under the brand name Apache Portland Cement (Apache). Through its wholly owned subsidiary, Shwe Taung Mining (STM), STC has mining concessions providing captive sources for limestone and coal.         High Tech Concrete Company Limited (HTC), a subsidiary of STC, is one of the leading manufacturers of Ready Mix Concrete (RMC) in Myanmar. HTC has been in been in business for more than two decades and has a network of batching plants across the country.      The Project envisages brownfield expansion of STCs cement plant at Pyi Nyaung Village, Thazi through expansion of clinker capacity to 5,500 tpd and cement grinding capacity to 7,200 tpd. The Project also involves construction of a Waste Heat Recovery System (WHRS) and improvement in emission control systems. 1.	Private sector development in a FCS: IFC's proposed investment will contribute to private sector development and support increase in economic activity in Myanmar, an IDA and FCS country. 

2.	Increase local supply of cement: The Project will support Government of Myanmar's initiative of reducing import dependency, preserving foreign exchange and providing access to affordable construction materials by increasing the role of private sector in cement manufacturing. Improved supply of cement in turn, will provide a boost to the development of key sectors like infrastructure, housing etc.

3.	Employment generation and local economic activities: The Project is expected to create about 200-300 new direct jobs and about 500-700 indirect jobs. Besides, the Project will also create more than 1000 temporary jobs during the construction period. The Project will also create new business opportunities in the local economy due to increased demand for ancillary services. In particular, it will benefit those small and medium enterprises engaged in providing logistic, maintenance and general services to the Company. In addition, the communities close to the plant sites will benefit by the way of induced job creation effects as they will provide local services and supplies to the plant and its employees.

4.	Demonstration effect: IFC's investment in the sector will send a positive signal to other investors considering investments in the country and attract future capital flow into the sector. IFC's involvement with the client will also help showcase E&S best practices, resource efficiency and cleaner production norms alongside serving as a catalyst for other firms to raise their standards such areas.