Our company recognizes the rapid development in Myanmar, accompanied by the growing need for better building materials. We are excited to be part of that development by providing high quality coated steel to Myanmar’s fast expanding building and construction sector.
Meranti Singapore and Pre-Feasibility
Our journey in Myanmar began in 2015 with our CEO visiting Yangon. His initial impressions were of the city’s bustling atmosphere, its kind and warm inhabitants, a strong historic identity, and the great potential resulting thereof.
But he also saw how these promising features clashed with many weather worn residential, industrial, and commercial buildings. Together with his team he discovered one of the key reasons to be the lack of quality building materials available on the market. Most affordable options were of low quality and unworthy for the people of Myanmar.
He and his team made it their goal to help improve the conditions for residents and businesses in Myanmar by contributing to the development of its coated steel sector.
Start of Project Feasibility
Meranti Steel was incorporated in May 2016. After raising a round of seed funding, the project feasibility was launched. Thilawa SEZ was identified as a target location and an in-depth market study was undertaken by the team.
Meranti Steel launched work on the project scope and cost, together with potential equipment suppliers and general contractors.
The Meranti team started to work on cooperation concepts with local universities.
The Joint Venture
To achieve the goal of developing the coated steel sector, a new joint venture was formed, with the signing ceremony at the end of 2017.
This marked the beginning of our US$85 million project. Under the joint venture, JFE Steel, Meranti Steel, JFE Shoji, Marubeni-Itochu Steel, and HANWA are sharing resources to jointly design, construct, and operate a world-class steel galvanizing and colour coating line in the Thilawa Special Economic Zone, near Yangon city.
8 Mile Representative Office Opening
Established to be JFE Meranti’s first presence in Myanmar, our 8 Mile Representative Office is located at 8 Mile Business Centre, in Mayangone Township. We deliberately chose this location to be close to our customers within the large belt of industrial zones located around the north side of Yangon. By being close to our customers, we will be able to serve them more effectively and deliver on our promise of responsive service.
Groundbreaking of Factory Construction in the Thilawa SEZ, Thanlyin Township, Yangon
On March 1st 2018, JFE Meranti Myanmar Co., Ltd (JMM) celebrated the start of the construction of a factory for hot-dip galvanizing and colour coating of flat-steel products for the building and construction industry in the Thilawa Special Economic Zone.
The ceremony was attended by about 250 guests, including Myanmar Vice President U Henry Van Thio, Minister of Commerce U Than Myint, Vice Minister of Finance U Set Aung, other government officials, Japanese Ambassador Tateshi Higuchi, and many other distinguished guests.
Commissioning of the Colour Coating Line
Our colour coating line will meet the latest standards of sustainable quality production and will have a capacity of approximately 90,000 ton per annum. It will be supplied by a leading engineering company with extensive global track record and will be ISO certified.
Commissioning of the Dual Pot Galvanizing Line
Our galvanizing line will be designed with the newest zinc and zinc aluminium coating technologies, with a capacity of approximately 180,000 ton per annum. It will be supplied by a leading engineering company with extensive global track record and will be ISO certified.