HG Metal commits to Myanmar joint venture
2018-09-10 11:37:55 / Myanmar MachTool
HG Metal Manufacturing will take a majority stake in and capitalize a joint venture in Myanmar, the steel products maker said yesterday.
Under the terms of the agreement, HG Metal will pay US$95,700 (S$131,000) to Singapore-incorporated holding company Fortune Peak Investments for a 51.04 per cent stake in First Fortune International Co, a company that will undertake cut and bend, and fabrication services in Myanmar.
HG Metal said that the joint venture will give it a modern facility to provide cut and bend, and fabrication services in the fast-growing Myanmar market. HG Metal provides those services through its facility in Singapore, and focuses only on sale and distribution in Myanmar.
Read the full article: https://www.straitstimes.com/business/companies-markets/hg-metal-commits-to-myanmar-joint-venture
A version of this article appeared in the print edition of The Straits Times on August 24, 2018, with the headline 'HG Metal commits to Myanmar joint venture'.
More News
- Beware of Fraud and Impersonation CPPP / 2026-07-17 15:53:07
- Chan Chao International and Vietnam Exposition Center (VEC) Officially Sign MOU Hanoi International Electronics and Smart Manufacturing Exhibition / 2026-07-07 09:32:00
- Chan Chao International and Vietnam Exposition Center (VEC) Officially Sign MOU Hanoi Print Pack / 2026-07-07 09:31:07
- Foreign Buyer Incentive Program Now Open — Apply NOW! Taipei Int'l Industrial Automation Exhibition / 2026-07-03 17:25:03
- Don't Miss the Highlights at the 2026 Asia Healthcare & Medical Cosmetology Expo Asia Healthcare & Medical Cosmetology Expo / 2026-07-01 15:39:44
- Industrial Trend Express Report | Discover What’s Driving the Industry Forward Asia Healthcare & Medical Cosmetology Expo / 2026-07-01 15:39:28
- [Agenda Revealed] Exhibitor Showcase at Asia’s Leading Biotech & Healthcare Event Asia Healthcare & Medical Cosmetology Expo / 2026-07-01 15:38:34
- Booth registration for ATLife 2027 opens now! Assistive Technology for Life / 2026-06-29 09:31:55
- BIO Asia–Taiwan Exhibition 2026_Foreign Buyer Incentive Program BIO Asia-Taiwan Exhibition / 2026-06-26 13:44:19
- Look At my P.P.P.I.C Hanoi International Electronics and Smart Manufacturing Exhibition / 2026-06-19 10:29:21
- Look At my P.P.P.I.C Hanoi Print Pack / 2026-06-19 10:10:14
- Intelligent Asia Hanoi 2026 | TAIWAN SELECT — Electronics & Smart Manufacturing Hanoi International Electronics and Smart Manufacturing Exhibition / 2026-06-15 15:19:13
- [Register Now] 2026 BIO Asia–Taiwan Exhibition | July 16–19 BIO Asia-Taiwan Exhibition / 2026-06-11 19:30:32
- [Register Now] 2026 Asia Healthcare & Medical Cosmetology Expo | July 16–19 Asia Healthcare & Medical Cosmetology Expo / 2026-06-03 17:13:51
- FREE SHUTTLE BUS SERVICE FOR GROUP VISITORS TO EXHIBITIONS IN HANOI Hanoi International Electronics and Smart Manufacturing Exhibition / 2026-05-12 09:59:54
- FREE SHUTTLE BUS SERVICE FOR GROUP VISITORS TO EXHIBITIONS IN HANOI Hanoi Print Pack / 2026-05-12 09:57:44
- Get Ready for BTKG 2026 – Event Schedule Revealed! Bangladesh International Textile, Knitting and Garment Industry Exhibition / 2026-05-08 17:02:16
- BTKG 2026 Pre-show Press Conference Bangladesh International Textile, Knitting and Garment Industry Exhibition / 2026-04-25 20:34:34
- On-Site Activity - Halls Hunter Bangladesh International Textile, Knitting and Garment Industry Exhibition / 2026-04-23 15:37:15
- On-Site Activity - Post & Pour Bangladesh International Textile, Knitting and Garment Industry Exhibition / 2026-04-15 15:17:18