Steel mill in Taunggyi, Shan State, to start its operation in October

A stel mill using Romelt Process will be operational in October, said an official from the Ministry of Industry. This mill is established on 5,260.50 acres of land at Pin Pet region, 8 miles away from Taunggyi, Southern Shan State. The ministry already entered into agreement worth 137 million euros with Tyazhprom Export from Russia […]

Government to put 47 state-owned factories for lease

The Ministry of Industry has announced that the remaining 47 state-owned factories will be put up for lease for local and foreign private investors. According to Deputy Secretary Myo Zarni Win, those interested in leasing the factories can find details on locations and staff at the ministry’s website, while further details can be discussed at […]

Myanmar Pharmaceutical Factory to export snake venom

THE Ministry of Industry plans to export antivenom this year to countries in Asia, especially neighbouring countries that cannot produce antivenom. “We are ready to export our products. Currently, we are contacting embassies of the countries that we will target to export antivenom, and we are waiting to be checked by the WHO,” said U […]

Myanmar Government’s Heavy industries losing money

The Ministry of Industry will go on manufacturing despite the fact that the Ministry’s heavy industries are losing money, the Permanent Secretary said at a press conference on 19 May. “When there are fewer profitable industries, trade loss increases,” said U Thwin Myint Maung, Director General and Permanent Secretary of the Ministry. “Factories are manufacturing […]