Myanmar commissions country’s first tire plant

wasting time in myanmar, unproductive meetings, wrong prospects. business partner search service

Myanmar Economic Corp., an enterprise tied to Myanmar’s military complex, has commissioned production at the country’s first tire factory.

The plant, under construction in Yangon City since late 2010, will have capacity for radial passenger and truck/bus tires along with other miscellaneous bias tires, inner tubes, liners and bladders, according to Chinese tire machinery manufacturer Qingdao Mesnac Co. Ltd., which provided turnkey engineering assistance for the project.

The 1.5 million sq.-ft. plant, operating under the name Myanmar Economic Corp. Tyre Factory—known locally as Ywama Tyre Factory—will have an estimated annual capacity of 855,000 units, according to local news reports. Mesnac said the company will produce and sell under the Tristar brand.

Myanmar Commander-in-Chief Min Aung Hlaing attended the opening ceremony recently along with other military, government and industry representatives, Mesnac said.

Qingdao, China-based Mesnac designs and makes rubber and tire processing equipment at locations in China, Europe and the U.S.

Source: Rubber News

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here