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PEB Steel invests in Myanmar

Released at: 15:27, 05/03/2016

PEB Steel invests in Myanmar

PEB Steel yesterday announced the imminent opening of a new steel fabrication facility in Myanmar later this year.

by Minh Tien

The $15 million facility, PEB’s first in Myanmar, is due to officially open in the third quarter of 2016 and is located in Thilawa Special Economic Zone (TSEZ) and occupies an area of approximately 30,000m2.

Advanced technology, formulated and developed by PEB, is a key feature of the construction which also makes use of innovative materials including PebHybrid for the joists and mezzanine beams, an improved ridge ventilation system (RV 3.0) and PebFoam insulation for improved energy efficiency.

After being established 21 years ago, PEB has become a leading player in the global steel fabrication industry. This extensive experience of fabrication and construction projects in combination with continuous research, development and technical improvements has helped to create pioneering products and buildings.

These innovative structures include the Taekwang Vina factory, used for production of Nike shoes which has achieved LEED certification at Tay Ninh. Other notable projects include the Jooco Dona factory in Dong Nai which has a clear span of 96 metres, the four-story Aeon Mall car parking lot in Cambodia and a 127m hangar for Lufthansa Airlines in the Philippines.

Speaking about PEB Steel’s strategic decision to invest in Myanmar the executive chairman, Mr. Sami Kteily stated: “We have been successful in Vietnam. Our commitment to continuous development and the application of the latest industry developments and standards in our practical operations has resulted in some remarkable projects being completed. Due to these factors, PEB Steel is absolutely confident of becoming a success in Myanmar”.

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