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07 Nov
13:44

Meranti targets $85m Myanmar galv plant

Meranti Singapore tells Kallanish it is planning to invest $85 million in a galvanizing plant in Myanmar’s Thilawa Special Economic Zone. The project will join several others in the same zone, all targeted at Myanmar’s small but rapidly expanding steel market. “There’s a strong market already in Myanmar and we see it growing at double digits year-on-year,” says Meranti ceo Sebastian Langedorf. The Posco Research Institute …
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