Nissan to build car factory in Myanmar
Japanese auto maker Nissan will invest more than $ 200 million for an auto factory construction project to be built on 100 acres of land in the Bago Region, according to Aye Tun, CEO of Nissan’s local partner United Diamond Motor Company (UDMC).
The subsidiary of Malaysia-based Tan Chong Group, which is manufacturing and distributing Nissan brands in Southeast Asia, had launched its service and spare part centers in February 2013 in Myanmar and appointed UDMC as a sale representative in July of the same year. The Tan Chong Group operates sales and service centers and automobile assembly factories throughout the region together with Japan’s Nissan Motor Group.
The Myanmar Investment Committee has already granted Nissan permission to operate the automobile industry in Bago Region as a foreign investment.
Nissan will invest in the Bago Region automobile industry after receiving permission for a 30-year land rental from the Ministry of Industry. Although it is expected that construction work will be finished in 2015, the project work has yet to begin.
Sales and service centers for Nissan, Mitsubishi, Suzuki, Ford, Chevrolet, Mercedes Benz, Kia and Hyundai are currently being launched in Myanmar.
Japanese auto maker Nissan will invest more than $ 200 million for an auto factory construction project to be built on 100 acres of land in the Bago Region, according to Aye Tun, CEO of Nissan's local partner United Diamond Motor Company (UDMC). The subsidiary of Malaysia-based Tan Chong Group, which is manufacturing and distributing Nissan brands in Southeast Asia, had launched its service and spare part centers in February 2013 in Myanmar and appointed UDMC as a sale representative in July of the same year. The Tan Chong Group operates sales and service centers and automobile assembly factories throughout...
Japanese auto maker Nissan will invest more than $ 200 million for an auto factory construction project to be built on 100 acres of land in the Bago Region, according to Aye Tun, CEO of Nissan’s local partner United Diamond Motor Company (UDMC).
The subsidiary of Malaysia-based Tan Chong Group, which is manufacturing and distributing Nissan brands in Southeast Asia, had launched its service and spare part centers in February 2013 in Myanmar and appointed UDMC as a sale representative in July of the same year. The Tan Chong Group operates sales and service centers and automobile assembly factories throughout the region together with Japan’s Nissan Motor Group.
The Myanmar Investment Committee has already granted Nissan permission to operate the automobile industry in Bago Region as a foreign investment.
Nissan will invest in the Bago Region automobile industry after receiving permission for a 30-year land rental from the Ministry of Industry. Although it is expected that construction work will be finished in 2015, the project work has yet to begin.
Sales and service centers for Nissan, Mitsubishi, Suzuki, Ford, Chevrolet, Mercedes Benz, Kia and Hyundai are currently being launched in Myanmar.
