Industrial zone planned close to Yangon

Dr. Sai Sam Htun, founder of Loi Hein Company, is a major domestic investor in Myanmar.

A Myanmar consumer goods company is planning a special industrial zone between Yangon and Bago to set up textile and garment factories, news portal Eleven Myanmar reported.

Dr. Sai Sam Htun, president of Loi Hein Company, a producer and trader of drinking water, soft drinks, beer and cigarettes, said he is eyeing foreign investors for the industrial zone planned to be built on 3,000 acres of land. Construction could start “in two to three months if the Myanmar Investment Commission grants them the permission,” Htun said.

The project will be an independent economic zone. Htun said at least two foreign companies have already shown interest, but did not reveal names.

Privately-owned Loi Hein Company has emerged into a major domestic investor in Myanmar. According to Htun, its current investments have reached $100 million, and it intends to increase its investments to $1 billion before 2025, mainly into property and real estate.

Loi Hein produces Alpine, the highest-selling purified drinking water brand in the country, as well as the Blue Mountain range of soft drinks, Shark energy drink and Mandalay Beer. It is competing with PepsiCo and Coca Cola on the domestic soft drink market.

The company’s sales target over the next three years are $100 million annually, Htun said. He also plans to bring Loi Hein public in an IPO in Myanmar by 2015.

 



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[caption id="attachment_5625" align="alignleft" width="200"] Dr. Sai Sam Htun, founder of Loi Hein Company, is a major domestic investor in Myanmar.[/caption] A Myanmar consumer goods company is planning a special industrial zone between Yangon and Bago to set up textile and garment factories, news portal Eleven Myanmar reported. Dr. Sai Sam Htun, president of Loi Hein Company, a producer and trader of drinking water, soft drinks, beer and cigarettes, said he is eyeing foreign investors for the industrial zone planned to be built on 3,000 acres of land. Construction could start "in two to three months if the Myanmar Investment Commission...

Dr. Sai Sam Htun, founder of Loi Hein Company, is a major domestic investor in Myanmar.

A Myanmar consumer goods company is planning a special industrial zone between Yangon and Bago to set up textile and garment factories, news portal Eleven Myanmar reported.

Dr. Sai Sam Htun, president of Loi Hein Company, a producer and trader of drinking water, soft drinks, beer and cigarettes, said he is eyeing foreign investors for the industrial zone planned to be built on 3,000 acres of land. Construction could start “in two to three months if the Myanmar Investment Commission grants them the permission,” Htun said.

The project will be an independent economic zone. Htun said at least two foreign companies have already shown interest, but did not reveal names.

Privately-owned Loi Hein Company has emerged into a major domestic investor in Myanmar. According to Htun, its current investments have reached $100 million, and it intends to increase its investments to $1 billion before 2025, mainly into property and real estate.

Loi Hein produces Alpine, the highest-selling purified drinking water brand in the country, as well as the Blue Mountain range of soft drinks, Shark energy drink and Mandalay Beer. It is competing with PepsiCo and Coca Cola on the domestic soft drink market.

The company’s sales target over the next three years are $100 million annually, Htun said. He also plans to bring Loi Hein public in an IPO in Myanmar by 2015.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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