HMAWBI, MYANMAR – IHI Corp. held an opening ceremony Sunday for its heavy concrete factory in Myanmar, becoming the first Japanese plant producing pre-stressed concrete products in Southeast Asia's newest emerging market. The Tokyo-based heavy industry company, in partnership with Myanmar's Construction Ministry, opened the $12.2 million facility in the Myaungdagar Steel Industrial Zone in Hmawbi, located about 50 km northwest of the country's commercial capital, Yangon. The factory is operating under I&H Engineering Co., a joint venture between the ministry's Highways Department and IHI Asia-Pacific Pte. Ltd., the Japanese company's Singapore subsidiary. The facility, built on a 65,272-sq.-meter Speaking at the ceremony, IHI President Tsugio Mitsuoka said a steady supply of concrete is crucial for Myanmar as new infrastructure projects such as roads, bridges and buildings are indispensable for its future development.
America's infrastructure is crumbling around us. The American Society of Civil Engineers' latest Infrastructure Report Card, from 2017, rated the nation's roads, bridges, airports and water systems at a paltry D -- the same grade received four years prior when the report card was last issued. However, recent advances in a novel form of concrete could help us rebuild our roadways to be stronger and more resilient than ever before. It's called Engineered Cementitious Composite, ECC for short, or simply "bendable concrete." Originally developed in the early 1990s by Dr. Victor Li, a civil and environmental engineering professor at the University of Michigan, ECC is to normal concrete what the Six Million Dollar Man was to Steve Austin: better, stronger, and more expensive in every way.
Reimagining business for the digital age is the number-one priority for many of today's top executives. We offer practical advice and examples of how to do it right. Shake Shack, best known for its burgers, is revamping its technology infrastructure to give its customers more touch points, improve efficiency enough to offset higher labor costs and scale as it expands locations and into new venues such as food trucks. The company reported a fourth quarter net loss of $548 million on revenue of $124.3 million. For 2018, Shake Shack reported net income of $21.95 million on revenue of $459.3 million, up 28 percent from a year ago.