JFE commissions joint venture steel plant in Myanmar

JFE Engineering, a sister company of Japan’s JFE Steel, has recently concluded the construction of a joint venture steel plant in Myanmar and made its first shipment in the Southeast Asian nation.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

Named J&M Steel Solutions, the plant was officially inaugurated on July 20 in Thaketa Township, some 15km from the center of Yangon, Myanmar’s largest city, JFE Engineering announced recently.

The plant has capacity to fabricate 10,000 tpy of steel structures such as bridges, guardrails, harbor and coastal structures. JFE Engineering holds a 60% stake in the project, while the remainder is owned by Myanmar’s construction ministry.

“The main facilities of the new plant started operating in April 2014 by fabricating a steel bridge, and the first bridge block has just been shipped on July 20,” JFE Engineering said.

The block is part of a 200-tonne bridge that is being constructed in Myanmar’s neighboring country Laos.

J&M Steel Solutions has also been receiving orders from Myanmar’s construction ministry for the design, fabrication and planned construction of steel bridges across the country, the Japanese company noted.

“In addition to these orders, JFE Engineering subcontracts the fabrication work which it receives from countries other than Myanmar to J&M Steel Solutions, and as a result the company’s order backlog already amounts to as much as 7,000 tonnes of steel,” it said.

“Development of transportation infrastructure, such as roads and railways, as well as logistics infrastructure, including port terminals are vital for the economic growth that Myanmar aims to achieve,” JFE Engineering added.

Political and economic reforms over the past few years in Myanmar have opened the country to foreign investment, with several companies now looking to invest more in the Southeast Asian country.

Thailand’s Millcon Steel has also recently announced plans to build a steelworks in Myanmar for the production and distribution of structural steel.

What to read next
Any bolstering effect on US ferrous scrap exports from the up-month in February’s domestic trade will be tempered in the immediate aftermath of two earthquakes in Turkey — the country’s largest importing region — on Monday, February 6
Steel trading and production have come to a halt in the eastern Turkish region of Iskenderun following a devastating earthquake that hit the region on Monday February 6 and put mills in the area under force majeure, sources told Fastmarkets on Tuesday
A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas
Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed