JFE Steel Corporation
JFE Steel JV JFE Meranti Mynmar Breaks Ground on
Hot-dip Galvanizing and Color Coating Plant in Myanmar
Tokyo --- JFE Steel Corporation announced today that its joint-venture company JFE Meranti Mynmar Co., Ltd (JMM) celebrated the start of construction on a plant for hot-dip galvanizing and color coating of flat-steel products for building and construction in the Thilawa Special Economic Zone near Yangon, Myanmar on March 1. JMM was jointly established by JFE Steel, JFE Shoji Trade Corporation, Marubeni-Itochu Steel Inc., Hanwa Co., Ltd. and Meranti Steel Pte. Ltd.
The ceremony was attended by some 250 guests, including JFE Steel President Koji Kakigi, JMM CEO Sebastian Langendorf, Myanmar Vice President Henry Van Thio and other government officials, Japanese Ambassador Tateshi Higuchi and Deputy Director-General for Infrastructure and System Export Trade and Economic Cooperation Bureau Yutaka Fujiwara and others.
The plant is expected to launch production in 2020.
JFE Steel President Koji Kakigi
JFE Meranti Myanmar Holding Pte. Ltd.
|Total investment:||85 million US dollars|
|Ownership:||JFE Steel 35%, Meranti 20%, JFE Shoji 15%, MISI 15% and Hanwa 15%|
JFE Meranti Myanmar Co., Ltd.
|Headquarters:||Thilawa Special Economic Zone, near Yangon, Myanmar|
|Ownership:||Wholly owned subsidiary of JFE 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)
Meranti Steel Pte. Ltd.
|Business:||Flat steel products for building and construction sector|
About JFE Steel
JFE 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. JFE 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 www.jfe-steel.co.jp/en.
# # #