December 18, 2019

TOKYO-MOL Logistics (Japan) Co., Ltd. (MLG; President: Shuhei Togo) today announced that its subsidiary in Myanmar, MOL Logistics (Myanmar) Co., Ltd. (MLG Myanmar) has been selected as a logistics partner of JFE Meranti Myanmar Co., Ltd. (JMM), which manufactures and markets hot-dipped galvanized and colored flat steel products for the building and construction sector in the Thilawa Special Economic Zone (SEZ) locate in the southern part of Yangon. MLG Myanmar concluded a subcontractor agreement for overall logistics services such as customs clearance of raw materials and products for the hot-dip galvanizing line and color coating line in the JMM’s plant, truck transport between the port and plant, vanning and devanning in the plant, and domestic delivery within Myanmar. MLG Myanmar’s services are already underway.

MLG Myanmar was established in March 2016, and launched its services in May of the same year. Since then, it has offered international air and sea forwarding, equipment and project cargo transport, export and import customs clearance, domestic truck transport, warehousing, and other related logistics services. In addition, the MLG Group has developed various logistics services through 126 locations in 26 countries. MOL Logistics (Vietnam) Inc. and MOL Logistics (India) Pvt. Ltd., and MOL Group Mitsui O.S.K. Lines (Thailand) Co., Ltd. have accumulated strong track records and knowledge in coil transport, which requires advanced cargo handling techniques. And now, MLG Myanmar has earned high marks for MLG and MOL Group collective capabilities including unparalleled knowledge and advanced transport techniques, which have been accumulated within the group, factors that led to its selection as a JMM partner.

Myanmar has shown rapid economic growth since its democratization in 2011, and demand is expanding rapidly in the construction sector for flat steel products used in roofs, walls, and structures. As JMM boosts its local production, MLG Myanmar will contribute to its ongoing success, and Myanmar’s economic growth, as a logistics partner offering unique solutions to support its supply chain.

The MOL Logistics Group is continually developing and expanding its global network and offering high-quality services in close partnership with its customers.

 

Outline of JFE Meranti Myanmar Co., Ltd.

Name	JEF Meranti Myanmar Co., Ltd.
Plant Location	Thilawa Special Economic Zone in southern Yangon, Myanmar
Ownership	Wholly owned by JFE Meranti Myanmar Holding
Representative	CEO Dr. Sebastian Langendorf
Business	Manufacture and sale of flat steel products
Facilities	Hot-dip galvanizing line (1 line: 180,000 tons annual capacity) Color coating line (1 line: 100,000 tons annual capacity)
Start of operation	January 2020
URL	https://www.jfemeranti.com/

 

Outline of JFE Meranti Myanmar Holding Pte. Ltd.

Headquarters	Singapore
Total investment	US$ 85 million
Ownership	JFE Steel: 35%, JFE Shoji: 15% Marubeni Itochu Steel: 15%, Hanwa: 15%, Meranti: 20%
Business	Holding Company

 

Outline of Meranti Steel Pte. Ltd.

Headquarters	Singapore
Establishment	2016
Representative	Dr. Sebastian Langendorf
Business	Development of flat steel products for building and construction sector

 

Outline of MOL Logistics (Myanmar) Co., Ltd.

Headquarters	No.62, Mahabandoola Housing, Complex (B), Room No.803-804, 8th Floor, Tawataintha Street, Pazuntaung Township, Yangon, Myanmar
Establishment	March 2016
Business	International air freight, international sea freight, warehousing, customs clearance, cargo pickup/delivery, etc.
Representative	Managing Director: Than Aung; Director: Masanari Koga
No. of Employees	20

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