Sign up | Log in



Home  >>   Daily News  >>   Myanma  >>Investment  >> Thai steel company set for Thilawa
NEW UPDATES Asean Affairs  9 March  2015  

Thai steel company set for Thilawa

Thai stock exchange-listed steelmaker Millcon Plc (MILL) is expected to start its operations in Myanmar next year after being granted a licence to invest in the special economic zones recently, reports the Bangkok Post on March 5.

Company president and chief executive Mr Sittichai Leeswadtrakul said its factory was due to be ready by year-end and would start operating commercially early next year.

He said Millcon joined up with General Engineering Plc, a concrete materials maker, to build the factory to produce steel for construction and prefabricated concrete materials at Thilawa Industrial Estate.

Millcon owns 45 percent of the new asset, while General Engineering owns 45 percent and local partners 10 percent, said Mr Sittichai. Millcon invested US$7 million [K7 billion] and expects the project to break even within seven years.

He said the joint venture was the first partially owned Thai company to receive a Myanmar SEZ investment licence.

The construction materials factory is projected to earn 900 million baht [K30 billion] in revenue in 2016 and 1.2 billion by 2018, when it reaches full capacity. Millcon's total revenue is projected to reach 20 billion baht in 2016.

"Although steel demand in Myanmar is small, around 2 million tonnes last year compared with 18 million tonnes in Thailand, the demand in Myanmar doubles every year," said Mr Sittichai.

He said the factory in Myanmar would be a production base for several grades of commercial steel products.

"We will focus on downstream products because they require a smaller investment budget than upstream products and their prices are less volatile," said Mr Sittichai.

Millcon had a previous joint venture with Myanmar's Thiha Group to establish Mill Thiha, a trading company for steel and other construction materials. Mill Thiha is looking for opportunities to expand investment in construction materials and engineering services, which remains underdeveloped.

In addition, Millcon says it has an ambitious plan to invest in power generation and logistics businesses.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           March 9 , 2015 Subsribe Now !
• Property sector hopes to heal in 2015 Subcribe: Asean Affairs Global Magazine
• RI, Singapore, Malaysia SME players to develop partnership
• Ferrari's RI sales top Asean market
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Thai steel company set for Thilawa 
• Viet Nam draws attention from FDI firms
Asean Analysis                    March 6, 2015
• Asean Analysis March 6, 2015
Washington Prepares to Welcome New Indonesian President, with Some Caution
Advertise Your Brand

Asean Stock Watch  March 6,  2015
• Asean Stock Watch-March 6, 2015
The Biweekly Update
• The Biweekly Update March 6, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand