Official invitation to visit Thilawa SEZ project area for Myanmar Manufacturing Summit 2014 participants
Posted on : 15 May, 2014
Loi Hein to partner with Japan based Asahi for a soft-drinks deal in Myanmar
Posted on : 07 May, 2014
Myanmar's Loi Hein - the beverage manufacturer, plans to partner with the Asahi group of Japan to start a major new soft-drinks company in Myanmar. The partnership has to be approved by the Myanmar Investment Commission, before the plans proceed.
12 Hong Kong garment manufacturers plan factory relocation to Thilawa SEZ in Myanmar
Posted on : 03 Apr, 2014
Myanmar's SEZ in Thilawa, in the outskirts of Yangon, is slated to be a major industrial hub.
In early March, The Financial Times reported that in a bid to tackle the challenges of rapidly rising wages, problems of hiring workers in China and a strong Chinese currency, a group of Hong Kong based garment manufacturers are in the process of relocating some portions of their operations from China to the Myanmar's Thilawa SEZ.
The report further states that as many as 12 such companies have already signed a letter of intent confirming their willingness to open factories in the SEZ.
The factories in question are medium-sized and are estimated to recruit approximately 2,000 workers each in Myanmar.
The final terms of the deal are yet to be completed. The 12 companies are in the process of getting a land lease in the SEZ at USD 300,000 per acre for a period of 50 years.
Given the lack of infrastructure development, the Thilawa SEZ has not progressed as expected.
But financial assistance from Japan is expected to boost the development process. Tokyo has already confirmed to lend USD 500 million in infrastructure loans, with investment focusing on building power networks, water supplies and logistics.
More on the 'DEVELOPMENT & PROGRESS OF THILAWA SPECIAL ECONOMIC ZONE' will be shared by Mr. Winston Set Aung, Deputy Governor of Central Bank of Myanmar and Chairman of Thilawa Special Economic Zone Management Committee at CMT's flagship event - Myanmar Manufacturing Summit in Yangon on 26-27 May 2014. Mr. Kazuto Yamazaki, Deputy Managing Director of Famoso Clothing Co., Ltd will also share insights on the CHALLENGES & OPPORTUNITIES OF OPERATING A GARMENT FACTORY IN MYANMAR.
For enquiries, please contact Ms. Grace at firstname.lastname@example.org or call + 65 6346 9147.
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Over 100 foreign manufacturing firms enter Myanmar in 2013, including – cigarette, beer, auto, medicine and more
Posted on : 14 Feb, 2014
Foreign investments in Myanmar has crossed over USD 44 billion by the end of November 2013, according to official statistics from Myanmar Investment Commission (MIC). Among the largest investors are countries like China, Thailand and Hong Kong.
The steep rise in foreign investment has been possible with MIC granting over 100 foreign firms to enter the Myanmar market, which includes manufacturers of beer, cigarettes, medicines, auto, appliances, bamboo fiber, auto servicing, consumer foods, IT services and decorated roof. MIC confirms that in the January to December 19, 2013 period, it allowed 118 foreign investment businesses and joint ventures to invest and operate in Myanmar.
Among some of the global brand names entering the economy are British American Tobacco that will manufacture and distribute cigarettes and Myanmar Carlsberg that will produce and distribute beer. Apart from this two, there are other beverage manufacturing and distribution companies such as APB Alliance Brewery Company and Beer Chang International Limited investing in the booming Myanmar economy.
Investments have flowed into the manufacturing sector in the country post the appointment of finance minister Win Shein as MIC's chairman.
CMT's maiden Myanmar Manufacturing conference coming to Yangon on 27-28 May, 2014 is a key event for latest updates on FDIs in the manufacturing sector, regulatory clarification, challenges & opportunities and more.
For enquiries about Myanmar Manufacturing, contact Ms. Grace at email@example.com or call + 65 6346 9147.