Jan 08, 2015. /Lesprom Network/. Oji Forest & Products Co., Ltd. established a corporate joint venture in Mon State in southern Myanmar, with Sumitomo Forestry (Singapore) Ltd. (“SF Singapore”), a subsidiary of Sumitomo Forestry Co., Ltd., and Moe Mya Chai Co., Ltd., a local furniture manufacturing company, to manufacture and sell timber and wood products using plantation rubber trees as a main source of raw material.
This will be the first joint venture as a Japanese investment in Myanmar to utilize plantation rubber tree to manufacture wooden laminae (raw materials for finger-joint lamination) which will be ultimately used for making counter boards, chairs and other furniture.
In addition, advantage of this joint venture is utilizing production control and marketing expertise of by Oji Forest & Products and SF Singapore, as well as advanced raw material procurement and factory management know-how of MMC as a local company. Also it is expected that this joint venture will contribute to create employment in non-urban areas in Myanmar.