The SET-listed contractor Sino-Thai Engineering & Construction Plc (STEC) is looking to team up with Japanese partners to bid for construction projects in Myanmar, while speeding up expansion of power plant and factory construction at home.
Woraphant Chontong, a senior executive vice-president in STEC's financial and administration division, said several Japanese investors are interested in investing in Myanmar including the Mitsui Group and Marubeni Corporation. This has increased STEC's interest in securing construction projects in Myanmar, especially factories and power plants he said. Though the company and Japanese investors have yet to forge any official partnerships, it has strong connections with them, he said.
The company also claims to have created close links with the German conglomerate Siemens and an unnamed French power plant investor which are also studying investment opportunities in Myanmar.
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