Thai, Japanese firms to build car plants in Myanmar

car plantCar companies from Japan and Thailand are now planning to build car and spare part factories in Myanmar, according to the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).

“The Japanese and Thai firms discussed building of auto and spare parts factories in Myanmar. They are now looking for local companies that will make a joint venture with them,” Zaw Min Win, Vice-President of the UMFCCI, told Eleven Myanmar.

Suzuki is planning to start a factory to produce parts in the Thilawa Special Economic Zone.

Foreign car companies including Nissan, Mitsubishi, Suzuki, Toyota, Ford, Chevrolet, Mercedes-Benz, KIA and Hyundai have all opened show rooms and service shops in Myanmar. Jaguar, Land Rover, BMW and Mazda will also open centres soon.

APM Automotive Indochina Company and ETCM will operate the Nissan car factory on 100 acres of land located in Bago region. The investment will be expected to reach more than $ 200 million.

After the government opened up car imports in 2012, up to 10,000 cars a month are currently being imported to Myanmar.



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Car companies from Japan and Thailand are now planning to build car and spare part factories in Myanmar, according to the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). “The Japanese and Thai firms discussed building of auto and spare parts factories in Myanmar. They are now looking for local companies that will make a joint venture with them,” Zaw Min Win, Vice-President of the UMFCCI, told Eleven Myanmar. Suzuki is planning to start a factory to produce parts in the Thilawa Special Economic Zone. Foreign car companies including Nissan, Mitsubishi, Suzuki, Toyota, Ford, Chevrolet, Mercedes-Benz, KIA...

car plantCar companies from Japan and Thailand are now planning to build car and spare part factories in Myanmar, according to the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).

“The Japanese and Thai firms discussed building of auto and spare parts factories in Myanmar. They are now looking for local companies that will make a joint venture with them,” Zaw Min Win, Vice-President of the UMFCCI, told Eleven Myanmar.

Suzuki is planning to start a factory to produce parts in the Thilawa Special Economic Zone.

Foreign car companies including Nissan, Mitsubishi, Suzuki, Toyota, Ford, Chevrolet, Mercedes-Benz, KIA and Hyundai have all opened show rooms and service shops in Myanmar. Jaguar, Land Rover, BMW and Mazda will also open centres soon.

APM Automotive Indochina Company and ETCM will operate the Nissan car factory on 100 acres of land located in Bago region. The investment will be expected to reach more than $ 200 million.

After the government opened up car imports in 2012, up to 10,000 cars a month are currently being imported to Myanmar.



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.

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Donation Total: $10.00

 

 

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