As part of investments from Europe, a ceremony to open a steel plant namely PEB Steel Myanmar which will have 3,000 tons of steel products per month of production capacity took place at Pullman Hotel in Yangon on 29 March evening, with investors and construction entrepreneurs in attendance.
The aforesaid plant, located on 30,000 square metres of land in Thilawa Special Economic Zone, was invested with US$25 million for its business. The plant facilitated with devices and machinery of modern technologies can manufacture products weighing 3,000 metric tons per month.
PEB steel manufacturing firm based in Europe has been operating its businesses for 25 years. It opened the first office of country representative in Yangon in 1998. During the period of more than 20 years, the firm has produced high quality products for 160 projects. Currently, the firm established a heavy plant in Thilawa Special Economic Zone depending on demand of business. Plans are underway to export its products to the Philippines and countries from West Asia, Africa and others.
As steel structures such as steel beams and trusses used at steel structure buildings, factories and industries are in high demand in Myanmar, number of iron and steel plants are on the rise year by year.
The above-mentioned steel plant is producing high quality products with the strength of 335 skilled workers under the supervision of experienced engineers and supervisors in order to meet the demand of construction tasks across the nation.
— Myint Maung Soe
(Translated by Than Tun Aung)