Japanese firms in ASEAN investment drive

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Japanese companies are increasingly targeting emerging member nations of ASEAN to step up activity or to set up branches and production facilities.

One of the world’s largest trading companies, Japan’s Sumitomo Corporation, is readying to invest in a series of projects in Mynamar, according to The New Light of Myanmar. The Japanese want to become involved in electric power production, transport, communications, automobile production, agriculture and the industry sector, the paper reported.

Sumitomo Corporation is already running an office in Yangon and is operating businesses involving railway cars, construction machinery, automobiles and basic chemicals.

Japan has also offered to provide Myanmar a new loan of about $600 million for infrastructure development and the construction of Thilawa Port and deep seaports. Japan is Myanmar’s largest creditor and has announced in October 2012 that it will clear the country’s  overdue debt of  about $6 billion and will resume to offer new concessional loans to Myanmar starting from next year.

Car parts factory opens in Cambodia

A Tokyo-based auto supplier, Yazaki Corporation, has completed the construction of an automotive electronics and instrument plant in Cambodia that will launch production later this month, a company representative said on December 5.

The factory will be inaugurated on December 17 and Cambodia’s prime minister Hun Sen will preside over the inauguration ceremony. Yazaki said it also plans to produce solar system and agricultural appliance in Cambodia.

Cambodia has seen a remarkable increase in investments from Japan in recent years. In September 2012, AEON Mall,  Japan’s single- largest shopping mall developer and largest retailing operator, said that it would invest $200 million to build a four-storey shopping mall in Phnom Penh.

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Reading Time: 2 minutes

Japanese companies are increasingly targeting emerging member nations of ASEAN to step up activity or to set up branches and production facilities.

Reading Time: 2 minutes

Japanese companies are increasingly targeting emerging member nations of ASEAN to step up activity or to set up branches and production facilities.

One of the world’s largest trading companies, Japan’s Sumitomo Corporation, is readying to invest in a series of projects in Mynamar, according to The New Light of Myanmar. The Japanese want to become involved in electric power production, transport, communications, automobile production, agriculture and the industry sector, the paper reported.

Sumitomo Corporation is already running an office in Yangon and is operating businesses involving railway cars, construction machinery, automobiles and basic chemicals.

Japan has also offered to provide Myanmar a new loan of about $600 million for infrastructure development and the construction of Thilawa Port and deep seaports. Japan is Myanmar’s largest creditor and has announced in October 2012 that it will clear the country’s  overdue debt of  about $6 billion and will resume to offer new concessional loans to Myanmar starting from next year.

Car parts factory opens in Cambodia

A Tokyo-based auto supplier, Yazaki Corporation, has completed the construction of an automotive electronics and instrument plant in Cambodia that will launch production later this month, a company representative said on December 5.

The factory will be inaugurated on December 17 and Cambodia’s prime minister Hun Sen will preside over the inauguration ceremony. Yazaki said it also plans to produce solar system and agricultural appliance in Cambodia.

Cambodia has seen a remarkable increase in investments from Japan in recent years. In September 2012, AEON Mall,  Japan’s single- largest shopping mall developer and largest retailing operator, said that it would invest $200 million to build a four-storey shopping mall in Phnom Penh.

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