BUSINESS - Thai steel giant announces factory in Thilawa

Thai steel company Milcon Steel Plc (MILL) has announced a new steel factory at Thilawa Industrial Estate in Burma as a base for commercial grade production.MILL is reported to have bought a 2.3 hectare site for the factory along with Thai concrete manufacturer General Engineering Plc, according to the Bangkok Post. Earlier in June, MILL signed a joint venture agreement with Thiha group to set up construction operations in Burma.