India-based Tata International will export heavy construction equipment to Myanmar at the start of September, said the company’s country head for Myanmar, Sunil Seth.
Tata International, a trading arm of the Tata Group, has been exporting products to Myanmar for seven months, Mr Seth said on August 13. While it has previously focused on products such as metals, minerals, leather and agricultural products, it is now filling orders for construction equipment, which it sees as a growth market.
“We’re expecting that the demand [for construction machinery] in the future will be very positive because plenty of infrastructure development has to take place in Myanmar,” he said, noting the company anticipates particularly high demand for basic building materials such as steel and ready-mixed concrete (RMC).
The equipment to be imported includes cement batching machinery for RMC, line pumps, boom pumps and transit mixers.
Steel King was the first local company to buy concrete batching plants from Tata. “We’ve bought the ready-mixed concrete batching machinery for US$1.2 million and it will arrive in Yangon in a month,” Steel King director U Kyaw Soe said.
Steel King is building an RMC manufacturing factory at the Thaketa Industrial Zone, which is expected to be completed within three months. U Kyaw Soe said being able to produce RMC will allow the company to become a “one-stop service for the construction industry”.