TOKYO -- IHI will partner with the government of Myanmar to build a $15 million concrete factory there, developing the country's materials sector and helping meet surging demand for infrastructure.
The Japanese heavy equipment manufacturer will contribute 60% of the cost, with Myanmar's construction ministry putting forth the rest. The partners could break ground as soon as January in Yangon, the country's largest city. A start to operations is eyed for September or October, said Kyaw Linn, the ministry's permanent secretary. The midsize plant will be able to produce 77,000 tons of high-strength precast concrete annually.
The project marks the second factory established jointly by the ministry and a Japanese company since Myanmar returned to civilian rule in 2011. The first, involving JFE Engineering, produces material for steel bridges and other such structures. IHI's venture is expected to meet more diverse demand from the public and private sectors. (Courtesy of Nikkei Asian Review)
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