The groundbreaking ceremony took place at "Tirawa Economic Special Zone" near Myanmar's largest city Yangon, government officials from both Japan and Myanmar, including Myanmar vice president, also attended.

In Myanmar where high economic growth continues, demand for building materials is expanding along with the advance of factories, etc., and JFE Steel will spend about 9 billion yen together with 4 companies such as Itochu Marubeni Steel to new factories We are planning to begin construction of high-grade steel plates from the beginning of the year.
At a press conference, JFE Steel's Managing Executive Officer Yoshiyuki Nobuchi said, "We believe that infrastructure building materials will grow mainly in Southeast Asia. Myanmar's demand for building materials is not that big now, but from now on about 10% We can expect steady growth, "he said.

The Tirawa Economic Zone, where a new factory will be constructed, is the first full-fledged economic zone in Myanmar, where Japanese public and private sectors cooperate in development, and so far companies such as Japan, Thailand and Korea 91 enterprises advanced, of which 42 companies have already commenced operation, enterprises are accelerating their business as Myanmar's economic development.