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LOTTE Confectionery to acquire Myanmar’s L&M Mayson

Korea’s leading snack maker LOTTE Confectionery announced on Oct. 24 that it has decided to acquire L&M Mayson, a top bakery firm in Myanmar. The Korean company will buy 80 percent stake in L&M Mayson for 76.9 billion won (US$68.08 million). Established in 1996, L&M Mayson produces bread, cookies and pies at three of its […]

Yamato ventures into Myanmar’s small-cargo delivery market

YANGON — In a move aimed at tapping into Myanmar’s small-cargo delivery market for homes and businesses, Japanese logistics company Yamato Holdings on Monday launched joint venture Yamato Global Logistics Myanmar in Yangon, the country’s biggest city. “In the near future, we want to offer small deliveries within Myanmar, one of our company’s strengths,” said […]

PetroChina’s Yunnan refinery exports first diesel cargo

PetroChina’s new 260,000 barrels per day (bpd) Yunnan refinery exported its first diesel cargo on April 29, the company said on Monday via its official newspaper. The cargo was due to be carried by truck from Anning city in southern Yunnan province to the Ruili port on the China-Myanmar border, the paper said. The cargo […]