Thai alliance in Myanmar venture | Bangkok Post: business

Business > News

Thai alliance in Myanmar venture

- +

Millcon Steel Plc (MILL), a SET-listed steelmaker, has formed a partnership with SET-listed General Engineering Plc (GEL) to develop a building materials factory in the Thilawa Special Economic Zone (SEZ) in Myanmar to cash in on growing demand in the neighbouring country. 

Millcon and General Engineering signed a memorandum of understanding on Wednesday with Myanmar Japan Thilawa Development Ltd, which operates the SEZ near Yangon, making the Thai alliance the first granted investment privileges under the new Myanmar SEZ law.

The Myanmar company will reserve a land plot in the SEZ and apply for investment privileges for the Thai company.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments