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 […]
Toyota to build first Myanmar assembly plant in Thilawa
May 28, 2019 by
Japan’s Toyota Group will start building an assembly plant in Thilawa Special Economic Zone (SEZ) this year, according to a Myanmar Times source. Toyota Motor Corp, the automobile branch of Toyota, will invest several billion yen for the facility to manufacture pick-up trucks through semi-knockdown (SKD) production for the Myanmar market. An official announcement will […]
Japanese companies, DKSH enter Myanmar wholesale market
April 9, 2019 by
Three Japanese companies and a Swiss trading house have become the first foreign entities authorised to do retail and/ or wholesale business in Myanmar. Toyota Group’s trading arm Toyota Tsusho, pharmaceutical firm Otsuka and diaper manufacturer Mycare Unicharm are authorised to operate wholesale business as a 100% foreign-owned business, according to an announcement from the […]
Yangon chief minister calls for auto production efforts for global market
January 29, 2019 by
Myanmar must make efforts to manufacture a whole car and penetrate the international market, said Yangon Region chief minister Phyo Min Thein at the first international automobile show held in the Inya Lake Hotel compound on February 23. He laid out the government’s preparations for facilitating car imports as well as giving opportunities for domestic […]
New Toyota Innova model hits Myanmar market
November 5, 2018 by
Global car company Toyota officially launched its Innova eight-seater compact multi-purpose vehicle (MPV) in Myanmar last Wednesday. The Innova is the third model, after the Avanza and Rush, Toyota has introduce in Myanmar this year. The Innova specifically for the emerging markets in Asia including Myanmar. The new Innova comes with a powerful 2.0 liter […]
Myanmar auto portal on fast track amid surging demand
November 2, 2018 by
THOUGH the lack of stable automobile policies in Myanmar is holding back the potential for an auto boom, CarsDB.com, the nation’s largest automobile marketplace, is confident it will be able to maintain its annual two-fold growth in revenue, according to Wai Phyo Kyaw, co-founder and chief operating officer of the company. “Since the past three […]
Why Myanmar’s government needs to do more to maintain economic growth
January 15, 2018 by
Myanmar’s economy is growing. In particular, the manufacturing and retail sectors are booming. However, the government must address significant challenges to maximise Myanmar’s growth potential. The manufacturing industry grew dramatically The government set bold industralisation targets. It wanted to promote manufacturing exports and lessen the country’s reliance on oil and gas. Industry, including manufacturing, contributed […]
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