Color-coating Line for Flat-steel Products Begins Operating in Myanmar

29 February 2020

JFE Steel Corporation, Meranti Steel Pte. Ltd, JFE Shoji Trade Corporation, Marubeni-Itochu Steel Inc. (MISI) and Hanwa Co., Ltd. announced today that a color-coating line has begun operating at the company’s joint-venture hot-dip galvanizing and color-coating plant for flat-steel construction materials in Myanmar. The plant is operated by JFE Meranti Myanmar Co. Ltd., which was established by the aforesaid parties. The overall hot-dip galvanizing plant, which is still undergoing construction, will enter production in mid-2020.

Economic development has progressed dramatically since Myanmar's democratization in 2011, resulting in rapid growth in demand for flat-steel construction products for roofs, walls and structural components. Most such materials are currently imported, but high-quality products produced locally with short lead times and supported with technical service will be in increasing demand as foreign companies continue to enter the country and build manufacturing plants. Demand will also be supported by rising local preferences for higher-end products. JFE Meranti Myanmar looks forward to meeting this need and contributing to local economic development by supplying basic materials for infrastructure.

JFE Meranti Myanmar Holding Pte. Ltd.

Headquarters:     Singapore
Ownership:         JFE Steel 35%, Meranti 20%, JFE Shoji 15%, MISI 15% and Hanwa 15%
Business:           Holding company
JFE Meranti Myanmar Co., Ltd.

Headquarters:    Thilawa Special Economic Zone, near Yangon
Ownership:        Wholly owned subsidiary of JFE Meranti Myanmar Holding Pte. Ltd.
Business:          Manufacture and sale of flat-steel construction products
Facilities:           Hot-dip galvanizing line (180,000 tons annual capacity)
Color-coating line (100,000 tons annual capacity)

Meranti Steel Pte. Ltd.

Headquarters:    Singapore
Established:    2016
CEO:    Sebastian Langendorf
Business:    Flat steel products for the building and construction sector

About JFE Steel Corporation

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 3,900 billion yen in 2018 and consolidated crude steel output of 27.88 million tons in the fiscal year ended March 2019.