Millcon Thiha GEL foresees advantages in being steel first-comer in Myanmar
MILLCON THIHA GEL is bullish that international development banks’ planned projects in Myanmar and demand from new factories to be constructed in Thilawa Special Economic Zone will keep its newly completed steel plant busy in the very near future. The company last week officially became the first manufacturer of industrial-grade steel products in Myanmar, being one of 20 factories in Thilawa SEZ which have started commercial operations, from a total of 78 companies having purchased land in the zone. “JICA, the World Bank and the ADB have a number of plans for Myanmar,” said Aye Thiha, president of the company, which is a 45:45:10 joint venture between Millcon Steel, General Engineering (GEL) and Yangon-based Thiha Group, respectively. “We also eye supplying our products to factories in the SEZ. If they all start construction work now, demand will be huge,” said Sittichai Leeswadtrakul, president and chief executive officer of Thailand’s Millcon Steel.
