Apr 10, 2014

US firm inks JV deal

US-based construction firm Holloman Corporation and Myanmar’s Young Investment Group have both invested US$200 million to set up the Young Holloman Corporation in Myanmar, the firms announced.

U Thiha Aung, chairman of the Young Investment Group, said that the joint-venture will establish a cement-batching plant before investing further in construction and oil and gas.

Source: Times of Myanmar