Toyo, a business conglomerate from Japan, will invest and construct its plant for car radiators in Thilawa special economic zone, said Ichiro Maruyama, minister-counsellor at Japanese embassy.
“Japan’s leading manufacturer for motor parts is preparing to build its plant in Thilawa SEZ. Myanmar Japan Thilawa Development is in talks with the company. The plant would be established in Myanmar. Raw material would be imported from Japan for the production of vehicle spare parts,” he said.
In related development, another business deal was signed on Friday involving a US-based corporation to locate its plant at the Myanmar-Japan joint venture for special economic zone, according to Japanese ambassador Tateshi Higuchi.
Ball Corporation will construct its Thilawa plant to supply beverage cans. The corporation, established some 130 years ago, is the market leader for cans production.
Source: ELEVEN Myanmar