At Delco we are dedicated to developing Myanmar's mining industry to international standards while maintaining abreast of incorporating sustainable development at the core of all our operations.
To build a world class mining business, Delco's core strategy is to own and operate long-life, low-cost, expandable projects with a focus on value and growth. This enables us to diversify and adapt to enhance our services resulting in robust financial performance. It also allows us to invest in and grow our business throughout various economic cycles thereby delivering greater longterm value to our stakeholders and communities in which we operate.
Technological deficiency has long been Myanmar's cross to bear, having resulted from many years of failed socialism, military rule and international sanctions. As the geopolitical cloud of isolation dissipates, we at Delco are hopeful that the tide is turning.
Delco will continue to invest in longterm projects, which will provide a much-needed boost to regional employment while generating demand for services and materials from both national and international suppliers. Although as a business we work for profitable returns on investment, we also do our utmost to ensure the benefits of our operations reach the local community and contribute towards the national economic development.
We believe that with a capital injection for improved technology and technical expertise it could increase our own productivity and profitability by 30-40%. This would make us a contender on the global stage.
Till date we have invested over US $ 106 million. Our investments range from building a new factory and installing new machinery, to building a hydro dam and installing hydroelectric power that supplies our sites and local communities. We have also committed towards the environmental protection programmes, social development work and employment of local residents.
Myanmar is our home and here at Delco we are proud to have the opportunity to make a significant contribution towards its economic prosperity.