Industrial zone planned close to Yangon
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.
[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...
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.
