Singapore-listed HG Metal Manufacturing Ltd. (HG Metal) is expanding its steel business into Myanmar.
The company is a premier steel stockist and manufacturer in Southeast Asia with close to 800,000 sq ft of warehousing and processing facilities in Singapore. It carries more than 3,000 types of steel products, of various dimensions and for a wide range of industries and applications. It also offers customised steel solutions for diversified industries including energy, transportation, marine, electronics and other sectors.
In August 2018, HG Metal acquired 51.04pc of First Fortune International Co Ltd and subsequently entered into a joint venture with Fortune Peak Investments Pte. Ltd. and YNJ Engineering Co., Ltd. to establish and operate Myanmar’s first advanced steel rebar Cut & Bend and Fabrication facility in Yangon.Based in the East Dagon Industrial Zone of Yangon, the US$12 million facility is now fully operational and is ready to serve the steel fabrication needs of large civil engineering and infrastructure projects around Yangon region. The facility undertakes the business of processing, fabricating and trading of steel rebars and other steel products with an annual processing capacity of 50,000 tonnes.
Information Number : 09-954218873, 09-954258873, 09-954268873