"JFE Meranti Myanmar Co Ltd (JMM) announced last week that it is set to introduce its first locally produced coated-steel products under the brand ALZU this December. JMM says the products are intended for both local and export markets. The company is a joint venture between Japanese companies JFE Steel Corp, JFE Shoji Trade Corp, Marubeni-Itochu Steel Inc, and Hanwa Co Ltd, and Singapore-based Meranti Steel Pte Ltd. JMM. is a US$85 million subsidiary owned by a Singapore-based holding company whose largest stakeholder is Japan-based JFE Steel Corp. According to JMM, its ALZU brand will provide premium aluminum-zinc alloy-coated and colour-coated steel products. The products are designed and manufactured by JMM in Myanmar for use in roofing, walling, and other related applications for a variety of industrial, commercial, residential, and institutional projects. “Myanmar’s economy is evolving rapidly and has huge growth potential, but the country needs good infrastructure and building materials to support it,” said JMM CEO Sebastian Langendorf. “Many new buildings will need to be built, and old ones will need to be renovated or replaced. In order to play a key role in building the Myanmar of the future, JFE MERANTI is introducing ALZU, a durable coated-steel product that is suitable for the Myanmar climate, so developers can create buildings with long-lasting integrity.” “We believe that leading the way with coated steel in Myanmar will allow the industry to develop into a powerful force for the nation’s development. And we plan to help secure Myanmar’s bright economic and industrial future. For us, for the industry, and for Myanmar, the launch of ALZU is just the beginning,” Langendorf, said..."