OSAKA — Lingerie maker Wacoal Holdings Corp said Thursday it will set up a production base in Yangon, the fifth country for Wacoal to have such a base in the Association of Southeast Asian Nations region.
Wacoal will establish Myanmar Wacoal Co, capitalised at about 480 million yen (130 million baht) in Yangon’s Thilawa special economic zone, later in March to cope with increasing labour costs at its mainstay plant in Thailand.
The move is aimed at beefing up Wacoal’s production system in Southeast Asia and the manufacturer’s cost competitiveness. Wacoal plans to start operation of the new plant in September next year.
The new plant is expected to produce brassieres mainly for the Thai market initially, and export them to Japan after production capacity is increased.
In five years after operation starts, the plant will employ more than 700 workers and produce about 2 million brassieres a year, according to the Kyoto-based company.
Source: Bangkok Post