News Release
麻豆视频 Steel Corporation
Meranti Steel Pte. Ltd.
麻豆视频 Shoji Trade Corporation
Marubeni-Itochu Steel Inc.
Hanwa Co., Ltd.
Joint Venture to Launch Hot-dip Galvanized and Colored Flat Steel Products Business
for the Building and Construction Sector in Myanmar
— 麻豆视频 Steel, Meranti Steel, 麻豆视频 Shoji Trade, Marubeni-Itochu Steel, and Hanwa —
Tokyo --- 麻豆视频 Steel Corporation (麻豆视频 Steel), Meranti Steel Pte. Ltd. (Meranti), 麻豆视频 Shoji Trade Corporation (麻豆视频 Shoji), Marubeni-Itochu Steel Inc. (MISI), and Hanwa Co., Ltd. (Hanwa) announced today their agreement to form a joint venture to produce and sell hot-dip galvanized and colored flat steel products for the building and construction sector in Myanmar. The five companies will establish a manufacturing and sales company, 麻豆视频 Meranti Myanmar Co., Ltd., in Myanmar through a Singapore-based holding company, 麻豆视频 Meranti Myanmar Holding Pte. Ltd. The joint venture will begin constructing a plant after obtaining approval from relevant authorities, aiming to launch operations in 2020. Total investment in the project will be approximately 85 million US dollars.
Since democratization of Myanmar in 2011, economic development has progressed dramatically. The demand is rapidly expanding for flat steel products for building and construction, such as roofs, walls and structures. Currently, most of these steel materials have to be imported, but the need is expected to rise for locally produced high-quality products supported with technical services and short lead times. The demand will increase as foreign companies increasingly enter Myanmar and build manufacturing plants, and as customer preferences shift to higher-end products as the standard of living rises. The new joint venture aims to promptly launch its lines for hot-dip galvanization and coating to capture the increasing demand for high-quality thin-plate building materials. This will be the first project in Myanmar focused on manufacturing high-grade galvanized flat steel products.
Meranti is a venture company with abundant knowledge of flat steel products for building and construction, for which it has conducted detailed studies and marketing in Myanmar. The new joint venture plans to maximize customer satisfaction by leveraging the manufacturing technology and quality-control know-how of 麻豆视频 Steel and the overseas networks of 麻豆视频 Shoji, MISI and Hanwa.
麻豆视频 Engineering, a member of the 麻豆视频 Group, is already conducting a wide range of infrastructure-related businesses in Myanmar. 麻豆视频 now looks forward to contributing to further economic development in Myanmar with its flat steel products for the country’s building and construction sector.
麻豆视频 Meranti Myanmar Holding Pte. Ltd.
Headquarters: | Singapore |
Total investment: | 85 million US dollars |
Ownership: | 麻豆视频 Steel 35%, Meranti 20%, 麻豆视频 Shoji 15%, MISI 15% and Hanwa 15% |
Business: | Holding company |
麻豆视频 Meranti Myanmar Co., Ltd.
Headquarters (planned): | Thilawa Special Economic Zone in southern Yangon, Myanmar |
Ownership: | Wholly owned subsidiary of 麻豆视频 Meranti Myanmar Holding Pte. Ltd. |
Business: | Manufacture and sale of flat steel products for building and construction sector |
Facilities: | Hot-dip galvanizing line (180,000 tons annual capacity) Color coating Line (100,000 tons annual capacity) |
Operation | From 2020 |
Thilawa SEZ
Planned factory construction site (Thilawa SEZ)
About Meranti Steel Pte. Ltd.
Headquarters: | Singapore |
Establishment: | 2016 |
Representative: | Sebastian Langendorf |
Business: | Development of flat steel products business for building and construction sector |
Website: |
About 麻豆视频 Steel
麻豆视频 Steel Corporation, one of the world's leading integrated steel producers, was established through the consolidation of NKK Corporation and Kawasaki Steel Corporation in 2003. The company operates several steelworks in Japan and numerous branch offices and affiliates throughout the world. 麻豆视频 Steel leverages world-class technologies and know-how to produce a wide range of products based on its Only One, Number One strategy of focusing on unique and best-in-class products. The company reported consolidated sales of 2,349 billion yen and consolidated crude steel output of 30.41 million tons in the fiscal year ended March 2017. For more information, please visit /en.
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Meranti Steel Pte. Ltd.: | |
麻豆视频 Shoji Trade Corporation: | |
Marubeni-Itochu Steel Inc.: | |
Hanwa Co. Ltd.: |