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Steel companies in Thilawa SEZ expand production

Two steel manufacturing companies in the Thilawa Special Economic Zone near Yangon are ramping up production and set to expand their markets and products. JFE Meranti Myanmar Co Ltd (JMM) announced last week that it is set to introduce its first locally produced coated-steel products under the brand ALZU this December. JMM says the products […]

Vehicles at the forefront of Myanmar’s drive for industrial growth

Toyota is developing an assembly plant in Myanmar,signaling strong growth prospects in the local market as the country looks to expand its manufacturing output. In late May the Japanese carmaker announced it will establish its first vehicle assembly plant in the country, in the Thilawa Special Economic Zone (SEZ) just outside of Yangon. Once it […]

Influx of Japanese car parts companies expected in Yangon

More Japanese car parts companies are expected to enter Myanmar to meet demand from existing automobile manufacturers with facilities in Thilawa Special Economic Zone, said Japanese Ambassador to Myanmar Mr Ichiro Maruyama. Japanese car maker Suzuki currently operates a car assembly plant in Thilawa, while Toyota will begin operations at the SEZ in 2021, Mr […]

A distant vision for Myanmar’s industrial future

Every morning hundreds of cars, trucks and other vehicles carrying factory workers squeeze into a two-lane bridge across Yangon’s Bago river. The buzz of industrial activity results in often nightmarish traffic jams, a rare phenomenon for Myanmar’s still nascent and in many ways hamstrung manufacturing sector. Initiated by then-president Thein Sein in 2013, the Japan-backed […]

Yakult bets on Myanmar market for further growth

Yakult, the Japan-headquartered probiotic drinks maker, has invested in a US$47 million factory in Myanmar’s Thilawa Special Economic Zone. Yakult, which has factories in 39 countries around the world, now wants to expand into Myanmar, said Yakult Myanmar Co Ltd’s managing director Mr Hideki Kawasaki at a press conference at Yakult’s new factory in Thilawa […]

Myanmar’s strategic coastline draws big Asian economies

YANGON — Asia’s biggest economies of China, Japan and India are aggressively backing new port projects in Myanmar, seeking to gain a foothold on the coastline of the geographically prized nation. Located between China, India and Southeast Asia, Myanmar features prominently in regional plans to boost logistical connectivity. Especially eager to expand its presence has […]

Toyota to build new plant in Myanmar

Toyota Motor Corporation will be building its first vehicle production company in Myanmar where it will locally produce the Hilux from February 2021. The announcement comes after other carmakers like Suzuki, Nissan and Ford established factories in the country. The automotive market in Myanmar has soared in accordance with the growth of the economy. The […]

Japan goes long on myanmar

Japan is playing a central role in assisting Myanmar’s ongoing financial reforms and attempts to achieve industrialisation. Japan is interested in Myanmar from both an industrial and a financial perspective, while Burmese officials see Japan as a natural partner for financial cooperation. Japan’s public–private assistance for financial development in Myanmar emerged in a Financial Services […]

Myanmar plant to assemble Toyota Hiluxes

The Japanese auto giant plans to establish its Myanmar unit for vehicle production Toyota Myanmar Co in June and construct a new plant in the Thilawa Special Economic Zone in the southern suburbs of Yangon at a cost of $52.6 million. Toyota will hire about 130 employees to build some 2,500 units of Hilux pickup […]

Nissin Electric shifting production to Myanmar from Thailand, Vietnam

Metal parts and equipment maker Nissin Electric Co of Japan will build a plant in Myanmar, relocating some production processes from its factories in Thailand and Vietnam to cut labour costs in its contract manufacturing business. The company said early this week it will form a joint venture with Hosoda Holdings Co, a Japanese trader […]