Taiwan’s steelmaker Century Iron & Steel Industrial and Japan’s packaging firm Oji Holdings are making additional investments in their manufacturing plants in the Thilawa Special Economic Zone (SEZ).
Century Steel to invest $8m more in steel manufacturing
Taiwan-headquartered Century Iron & Steel Industrial Co Ltd will be putting in an additional $8 million for steel manufacturing in the Thilawa SEZ for the construction sector, according to an official from the Directorate of Investment and Company Administration.
The additional investment was approved in mid-2017. Century Iron & Steel Industrial has forged a joint venture, Myanmar Century Steel Structure Ltd, with Hsin Kaung Steel Co Ltd for manufacturing in the Thilawa.
Covering a space of about 100,500 square meters, Myanmar Century Steel Structure handles manufacturing of steel structures such as box column, H-beam, large truss and large steel pipes. It had earlier made a $12-million investment in 2015.
Thilawa SEZ also hosts other steel producers like British Virgin Island-registered PEB Steel Myanmar and Thailand’s Millcon Steel.
Japan’s packaging firm Oji Holdings to invest $6.93m in factory
Oji Holdings Corporation, a Japan-headquartered entity engaged in a number of businesses including manufacturing of packaging materials, has received approval for an add-on investment of $6.93 million in its corrugated container factory in Thailawa, said an official from the Directorate of Investment and Company Administration.
The firm’s packaging operations in Thilawa, run by subsidiary Oji Myanmar Packaging Co Ltd, began with an initial investment of $8 million in 2015 into the manufacturing of corrugated boxes and for the import, processing and wholesale of pulp/paper products, film products and packaging materials produced by Oji Group Companies.
Oji Holdings has also established a factory at Mingalardon Industrial Park in Mingalardon township.
Outside Myanmar, the group has 20 manufacturing plants in Southeast Asia.