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Japan’s top business group sees growing opportunities in Myanmar

http://www.elevenmyanmar.com/business

Japan’s largest business lobby group, Keidanren, on Tuesday told President Thein Sein that it will provide money and expertise for Myanmar’s development, on the second day of a trip that is bringing about 100 executives to Myanmar and Cambodia this week.

The delegates, including the business federation’s chairman, Hiromasa Yonekura, began their visit on Monday by meeting with government officials and executives of domestic firms.

They will also visit Thilawa Special Economic Zone, which is being built with Japanese investment.

According to The Japan Times, Keidanren hopes to address problems blocking Japanese companies from doing business in Myanmar, including flaws in the legal system, at a time when business opportunities are growing.

The Japanese government has waived billions of dollars in Myanmar debt and will begin lending again by the end of this March.

The delegates are also expected to discuss human resources development, including creating scholarship systems and providing job-training opportunities in Japan.

The delegation includes the group’s vice chairmen and presidents from Japanese companies in industries ranging from railways to insurance.
 

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Suzuki gets approval for assembly plant in Thilawa Special Economic Zone

http://www.elevenmyanmar.com/busine...sembly-plant-in-thilawa-special-economic-zone

The Myanmar Investment Commission has approved a vehicle production permit for Japan-based Suzuki’s Myanmar unit, according to the Directorate of Investment and Companies.

Suzuki (Myanmar) Motor Co. Ltd. has received permission to produce vehicles and spare parts, officials said. They said Suzuki was expected to invest several billion yen in an assembly plant, which is tentatively scheduled for completion by 2015.

Suzuki (Myanmar) started here in 1998 by selling motor bikes and cars. It has a plant in the Industrial Zone (South Dagon) as well as show rooms.

Its new plant will be located in Thilawa Special Economic Zone.

Officials said vehicle makers were rushing into Myanmar and that they were being joined by heavy-machinery manufacturers.

Commerce Minister U Win Myint said numerous foreign car makers also wanted to export new models to Myanmar.
 

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Nippon Express’s liaison office to be opened in Myanmar

http://www.elevenmyanmar.com/business/2324-nippon-express-s-liaison-office-to-be-opened-in-myanmar

Japan’s biggest logistics services company, Nippon Express is planning to open its first liaison office in Yangon, Myanmar, according to Nippon Express (South Asia & Oceania) Pte Ltd.

Nippon Express Co., Ltd. is a worldwide leader in logistics services. Its head office is based in Tokyo, Japan. The company was established in 1937 as a semi-government transportation service provider.

Nippon Express annual revenues exceed US$14 billion. Nippon Express has a strong global network that spans over 80 countries, with company direct operations in 33 nations.

Nippon Express is also an operator of heavy machinery and construction equipments, expert at transporting heavy goods and handling installation and construction projects in Japan and many other countries.

The liaison office will be located in Sarkura Tower and the opening ceremony will be held at Sedona Hotel, Yangon on February 26.

The company is planning to offer air freight, marine transport and roadways logistics services and they will provide high quality services for local services.
Moreover Myanmar will be likely a logistics hub for China, India and Asean countries.

Nippon Express has opened its liaison offices at 216 towns in 37 countries. The rivals of Nippon Express are DHL Express, Nippon Yusen Kabu-shiki Kaisha and Yamato Holdings.

Germany based logistics DHL Express has entered Myanmar since 1982. DHL Express is a division of the German logistics company Deutsche Post providing international express mail services. Deutsche Post is the world's largest logistics company operating around the world. DHL is a world market leader in sea and air mail.
 

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Companies from Japan and England discuss with Myanmar on investment opportunities

http://www.elevenmyanmar.com/busine...cuss-with-myanmar-on-investment-opportunities

Companies from Japan and England recently held discussions on investment prospects with the Directorate of Myanmar Investment and Companies Administration.

The firms include Komatsu from Japan and Cargotec from the UK.

Komatsu is the world's second largest manufacturer of construction and mining equipment after Caterpillar. However, in some areas, such as Japan and China, Komatsu has a larger share than Caterpillar. It has manufacturing operations in Japan, Asia, Americas and Europe.

England-based Cargotec UK Co, Ltd is a company of manufacturing construction materials.
Komatsu is a company manufacturing weapons in the past and later turned to heavy machinery for construction and mining. The company discussed about investment prospects, the foreign investment law as well as rules and regulations with Myanmar officials from the Ministry of National Planning and Economic Development on January 25 in Nay Pyi Taw on January 25.

Similarly, Cargotec company talked about the manufacturing of heavy machinery for construction purpose with Myanmar officials in Nay Pyi Taw on January 23.

Myanmar is so far unable to manufacture heavy machinery and construction machinery. Myanmar annually imports heavy machineries and spare parts worth billions of US dollars.

Myanmar Kaido is a popular company importing and distributing heavy machinery and construction machinery in Myanmar for the time being.
 

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Nissan to build assembly plant in Myanmar

http://elevenmyanmar.com/business/2423-nissan-to-build-assembly-plant-in-myanmar

Nissan Motor, Japan's second-largest auto maker planned to build an assembly plant in Myanmar, according to its Myanmar partner E Garage Auto Service and Spare Parts.

"Nissan has opened its parts and service center last week by teaming up with us.

The service center is located in Kamayut Township, Yangon and providing services such as computerized auto repair, the country manager Aung Moe Than of E Garage Service and Spare Parts said.

E Garage is a joint venture between a private company of Myanmar and Malaysian based Tan Chong Group.

Tan Chong holds 90 percent of stakes in the E Garage and established the business in Myanmar on December 2011.

The auto distributor and manufacturer, Tan Chong is mainly working with Nissan Motor for assembling autos in Cambodia, Laos Malaysia, Thailand and Vietnam.

Many Japanese auto makers are in talk with Myanmar Investment Commission.
 

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Mitsubishi to open after-sales network in Myanmar

http://www.mizzima.com/business/8922-mitsubishi-to-open-after-sales-network-in-myanmar.html



Japanese auto giant Mitsubishi has announced that it has signed an agreement to open an after-sales service in Myanmar.

“Mitsubishi Motors Corporation (MMC), Mitsubishi Corporation (MC), Yoma Strategic Holdings Ltd. (YSH) and First Myanmar Investment Company Ltd (FMI) wish to jointly announce that they have signed a Memorandum of Understanding (MOU) concerning the after-sales service business for Mitsubishi Motors in the Republic of the Union of Myanmar (Myanmar),” the firm said in a statement published in the Japanese media on Monday.

“Since the recent deregulation of automobile importation in Myanmar, a number of Mitsubishi Motors vehicles have been distributed through the used car market. As MMC currently does not have any official after sales service network in Myanmar, it has been a priority to establish this as soon as possible,” it said.

“Under this MOU, MMC, MC, YSH and FMI are now planning to establish an official service center firstly in Yangon, followed by Mandalay and Nay Pyi Taw. Each official service center will provide well-trained and highly qualified service technicians with genuine parts to existing Mitsubishi Motors vehicle owners,” the statement said.

Mitsubishi is one of the main investors in the Thilawa Special Economic Zone, a mammoth industrial complex planned southeast of Yangon which is largely being financed by the Japanese government.

Yoma Strategic Holdings is a Singapore-based company with stakes in Myanmar’s auto market, the agriculture sector and real estate.
 

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Discussion Starter · #7 ·
Chinese Investments in Myanmar

Chinese firm to open auto plant in Yangon Region

http://elevenmyanmar.com/business/2513-chinese-firm-to-open-auto-plant-in-yangon-region

The Myanmar Investment Commission has given permission to a local company to open an automobile factory with a Chinese partner, the Directorate of Myanmar Investment and Companies Registration said last week.

China-based Khaing Khaing Sang Da Group Ltd. will operate the new auto plant with local partner Daw Lei Lei Khaing, the directorate said.

The plant will be located in Thardukan Industrial Zone in Yangon Region’s Shwepyitha Township.

Earlier this month Japan-based Suzuki said its local unit, Suzuki (Myanmar) Motor Co. Ltd., would open a plant here with a local partner to manufacture vehicles and spare parts.
 

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Toshiba Corp to open branch office in Myanmar

http://www.elevenmyanmar.com/business/2772-toshiba-corp-to-open-branch-office-in-myanmar

Japan’s Toshiba Corporation will be working to promote demand for their products in the local market and is looking to set up its operation in Myanmar in the near future, Representative Mr.Fumio Otan of Toshiba Corporation said.

The operation includes the setting up of a branch office in Myanmar.

Toshiba Corporation aims to promote the increased demand of portable personal computer and also strive to import health related materials. In local LCD market, the Toshiba won a 15 percent of market share.

Toshiba Corporation Company Ltd was founded in July, 1877, July. Now, the company is running with 209,784 employees and has got over 73 billion yen within 2012.

Lucky Bird and KMD as the representatives of Toshiba are importing and exporting computer materials.
 

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Toyota gains speed in Myanmar, appoints new dealer, launches JV

http://www.elevenmyanmar.com/busine...ed-in-myanmar-appoints-new-dealer-launches-jv

Toyota Motor Corporation has authorised Myanmar’s Aye and Sons Company to be a dealer here and formed a joint venture with it for auto sales and service, Myo Myint Thein, general manger of the new company, T.T.A.S. Co. Ltd., said.

“A Toyota authorised dealers’ showroom will be opened in front of Aye and Sons Company’s service centre,” Myo Myint Thein said.

The joint venture has already begun importing new Toyota models with 2013 Camry, Hilux, Land Cruiser, Prado and Coaster vehicles now on sale, he said.

A Toyota service centre has opened on Kabar Aye Pagoda Road in Yangon and two more will open later this year: another in Yangon and one in Mandalay.

The joint venture imports and sells new cars and spare parts, and service cars.

Toyota is expanding in Myanmar and, sources say, it is studying the feasibility of building a car manufacturing plant here.
 

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Myanma Port Authority to construct harbour in Thilawa
Eleven Myanmar
Sunday, 31 March 2013 02:33


Myanmar International Thilawa Terminal near Thilawa Special Economic Zone (Photo - EMG)

Myanma Port Authority will construct a harbor at Thilawa Special Economic Zone with financial assistance from Japan’s Official Development Assistance (ODA), MPA’s managing director Cho Than Maung said.

“MPA will expand a harbor in Thilawa Special Economic Zone. Official development assistance from Japan will be used for a loan and a MoU with MPA will be signed this month,” he said.

MPA will construct the harbor on five land plots in the zone. Japan is providing low-interest, long-term loans for the zone’s construction.
The zone is divided into off-site and on-site infrastructure. A harbour, roads and bridges will be included in off-site infrastructure and a water sanitation system and electric wiring will be in on-site infrastructure. Governments and businesspersons from both sides will form a joint venture developer company.
The joint venture is to be invested 51 per cent by local investors and 49 per cent by Japanese investors. The project is intended to finish in 2015.

The company will be established as a private company and governments and businesspersons from other countries have been allowed to join the joint venture. Thilawa special economic zone has about 5,000 acres and its land will be divided into class A and B. High technology industries will be constructed in Class A and labour intensive industries will be constructed in Class B.
 

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Huawei opens first showroom in Yangon

http://www.elevenmyanmar.com/business/3349-huawei-opens-first-showroom-in-yangon

Huawei , the Chinese technologies company has opened its first showroom in Yangon today (May 5, 2013).

The company planed to open more than 20 showrooms in Yangon soon and expected to open 100 stores countrywide, a spokesperson of the company said.

Huawei smart phones have been sold well in Myanmar Android market due to its low price compared to other brands.

The new showroom of Hauwei is located in Sanchaung Township, Yangon. Hauwei's Ascend D2 and Mate will be introduced as the official opening of the store.
 

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Mitsubishi to expand business in Myanmar

http://www.elevenmyanmar.com/business/3710-mitsubishi-to-expand-business-in-myanmar

Mitsubishi Motors Corporation (MMC) will soon open its after-sales service centers in Nay Pyi Taw, the current capital of Myanmar, and Mandalay, according to a statement of MMC released on May 27.

The opening ceremony of MMC’s first-ever After-Sales Service Center was held on Monday, in Yangon, the commercial hub of the country and began its operations on May 20 in Kamaryut Township.

The Yangon Service Center has six work stations and its operations are being supervised by a resident technical advisor from MMC, who also provides technical training to local technicians, MMC reported.

The center only uses genuine spare parts of Mitsubishi Motors for the general maintenance and repair services.

The two local companies, namely Yoma Strategic Holdings Limited and First Myanmar Investment Company are jointly operating the service center opened in Yangon.

Myanmar has economic potential to become one of the largest and most important markets in Asia and the ASEAN region and MMC would like to build and strengthen its brand image by establishing the after sales service network, according to the MMC reports.
 

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Toshiba Corp : Toshiba Celebrates Opening of Yangon Branch Office in Myanmar

http://www.4-traders.com/TOSHIBA-CO...-of-Yangon-Branch-Office-in-Myanmar-17065909/

Yangon, MYANMAR and Tokyo, JAPAN - Toshiba Corporation (Tokyo: 6502) today announced that its Singapore-based subsidiary, Toshiba Asia Pacific Pte.,Ltd., has celebrated the opening of a branch office in Yangon in the Republic of the Union of Myanmar, with an opening ceremony attended by the Chief Minister of the Yangon Region Government, Mr. Myint Swe, and other honored guests.

Separately, Toshiba Corporation today announced that it has, with KDDI Corporation, won an order from Daiwa Institute of Research Ltd. to supply a compact, energy-efficient modular data center for the securities exchange system in Myanmar. The securities exchange will be opened by the Daiwa Institute of Research and Central Bank of Myanmar in Yangon.

"Toshiba is delighted to make this new step forward in Myanmar" said Mr. Hidejiro Shimomitsu, Corporate Senior Executive Vice President of Toshiba Corporation. "We hope to contribute to Myanmar's development across our product lines, from infrastructure solutions to home electronics. Our home appliance business in Myanmar started since the 1980s via distributors and our automatic washing machines are still the most popular brand in Myanmar. Toshiba will fully leverage our technological progress and leading edge product capabilities to offer people a better future."

"Toshiba can support providing stable power generation and transmission solutions that provide the backbone for economic growth for Myanmar" said Mr. Tetsuya Yoneda, the chief representative of the Yangon Branch Office. "Currently, in Myanmar, the power distribution per population is still limited to 25%, and this is planned to be expanded in the coming years. Toshiba has supplied equipment for Sedawgyi hydropower plant in 1985, and we aim to contribute more to the country infrastructure."

The Myanmar economy is expected to grow as the government promotes economic deregulation and attracts inward direct investment. Ensuring sustained growth will require broad investments in social infrastructure, including power generation and distribution, and Toshiba's Yangon Branch Office will investigate the market and promote business in social infrastructure and other areas, such as consumer products.
The new office will allow Toshiba to establish a stronger presence in the country and to support Myanmar's economic development.
 

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Mitsubishi & Nippon Koei eye to invest in Myanmar

http://www.elevenmyanmar.com/business/2737-mitsubishi-nippon-koei-eye-to-invest-in-myanmar



The Japan-based Mitsubishi Materials Corporation and Nippon Koei companies are discussing plans to invest in Myanmar according to official reports.

Executives from the two companies were meeting officials from Myanmar's Directorate of Investment and Companies Administration (DICA) who reported discussing matters relating to the rules and regulations of foreign investment.

Mitsubishi Materials Corporation is manufacturing and selling vehicles, spare parts, electronic devices, construction materials and metallic devices.

Mitsubishi Motor Company is planning to open service centres in joint venture with First Myanmar Investment Company Limited-FMI and Yoma Strategic Holdings Limited-YSH in major cities such as Yangon, Mandalay and Nay Pyi Taw.

Nippon Koei firm is a top engineering consultant group in Japan and operates seven business across 135 countries. The DICA has held discussions with officials from Japan, Singapore, South Korea, the US and Cambodia including Sun Pharmar Industries of Indian Pharmacy Company last month on issues regarding investment.

Japan has invested trade volume over US$270.283 million in Myanmar this year so far, and stands in 11th position among other foreign countries.
 

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Hyundai to open showroom and service centre in Yangon

http://www.elevenmyanmar.com/business/2725-hyundai-to-open-showroom-and-service-centre-in-yangon

The South Korean Hyundai Motor Company is planning to open showroom and service centre in Yangon in September of this year, according to Fortune International Ltd, one of Hyundai’s local partners.

Hyundai is the largest company in South Korea with enormous economic and political power in the country and it is also World’s fourth largest automobile manufacturer. The company was founded in 1967 and headquartered in Seoul, South Korea.

The company also owns shares in KIA Motor Company. Some local companies are officially importing and selling Hyundai vehicles.

Fortune International Limited, Hyundai’s sale representative, is importing and selling Korean’s products to Myanmar while also operating other businesses in construction, engineering, telecoms, livestock and fisheries, trading and rental estate.

The Company’s Chairman is Dr. Mya Han who is also vice president of Union of Myanmar Federation of Chamber of Commerce and Industry.
 

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Discussion Starter · #18 ·
Toyota to open further spare parts and service centers in Myanmar

http://www.elevenmyanmar.com/busine...er-spare-parts-and-service-centers-in-myanmar



Toyota service center in Yangon (Photo-EMG)

Toyota Motor Corporation, the eleventh-largest company in the world, will open more spare parts and service centers in Nay Pyi Taw, the capital of Myanmar, and Mandalay, second largest city, an official from Toyota Tsusho Asia Pacific (T.T.A.S) Company said.

“Toyota is planning to extend its market in Myanmar and open spare parts and service centers in Nay Pyi Taw and Mandalay in the next year,” Myo Myint Thein, General Manager of T.T.A.S also said.

The company is also preparing to expand its markets in developing countries such as Myanmar, Kingnyar and Cambodia and will carry out economic cooperation with Daihatsu Corporation in those markets, according to the Bloomberg.

The first Toyota’s spare parts and service centers has been opened in Bahan Township in Yangon.

Although Toyota Company wishes to open Car Sale Centers in Myanmar, the foreign company will not carry out the trade according to the Myanmar’s economic and trading policy.

T.T.A.S is a joint venture between Toyota Tsusho Corporation (TTC) and Myanmar Company, Aye & Sons. Toyota holds 75 percent of the stakes in T.T.A.S and 25 percent in Aye & Sons.

TTC is one of the trading of Toyota Group and opens the branch office at Sedona Hotel in Yangon.

T.T.A.S is mainly operating the functions of import and selling of Toyota brand vehicles and spare parts.

At present, Toyota brands are Camry 2013 model, Hilux, Land Cruiser, Prado and Coaster imported through the T.T.A.S.

Other Japan-based Motor Companies such as Nissan, Honda and Suzuki are preparing to extend their markets in Myanmar.

The service centers of Toyota, Nissan, Honda, Suzuki and Marcede Motor Companies are already opened in Yangon and Mitsubishi is also planning to open the service center.
 

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More Japanese investments expected in manufacturing, transport and IT

http://elevenmyanmar.com/business/2...ts-expected-in-manufacturing-transport-and-it

A scene is seen in Thilawa Special Economic Zone (Photo/EMG)




Japanese investments are expected increase significantly in Myanmar’s manufacturing, transport and information technology sectors, according to the Directorate of Investment and Company Administration (DICA).

An official from DICA said there is an influx of Japanese businessmen visiting their office for information to open branch offices and to make investments in Myanmar.

Among them include machinery-manufacturer Kubota Corp, industrial and engineering corporation Hitachi Zozen, transport companies Nippon Express and Toyo Logistics.

Meanwhile, Japanese automakers Toyota, Nissan, Honda, Suzuki and Mitsubishi have opened service centres in Myanmar.

Among them, Nissan is soon to open its first car showroom in the country’s commercial city Yangon.

Japanese IT firms NTT Group, KDDI Corp and NEC Corp are also planning to invest in Myanmar, market observers said.

On the other hand, Myanmar needs to ensure steady and affordable electricity supply and improve transportation and information infrastructures to boost the investments and the economy, Japanese businessmen said.

Japan has invested over US$65 million in Myanmar within the last two years. Its total investments reached $270.28 million at the end of June.

Last February, an executive from Japanese largest economic organization Keidanren said at the bilateral business conference in Yangon that Japanese investments in Myanmar’s garment and consumer goods industries amount $43.6 million.

Japan is also developing the Thilawa Special Economic Zone in Thanhlyn-Kyauktan area of suburban Yangon. The multi-million project includes building a seaport, roads and other infrastructural development programs.

Japanese government has earlier pledged to offer Myanmar 0.01 percent interest loans on 40-year term for the Thilawa project.
 

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Dawei Special Economic Zone calls for Japan’s collaboration

http://elevenmyanmar.com/business/2904-dawei-special-economic-zone-calls-for-japan-s-collaboration

A place at Dawei Deep Seaport Project seen in May 2013 (Photo - Phyo Zin/EMG)





Efforts are being made to include Japan as a strategic partner for the Dawei Special Economic Zone Project with the purpose of obtaining clean coal technology to supply electricity, according to the Dawei Special Economic Zone Management Committee.

Dawei Special Economic Zone (SEZ) and deep sea port project was started in 2008 attracting criticism and objections from local communities and civic organisations. One of the focuses of this attention was the inclusion of coal plants as a means for supplying electricity.

"Our country need to construct coal plants to generate power to fulfil the needs of electricity. For that reason, Japan is needed to join the giant project as a strategic partner," said Thura Thaung Lwin, chairman of the Dawei Management Committee.

After initial concerns about the Dawei project, Japan is currently investing in the Thilawa Special Economic Zone Project at President Thein Sein's invitation.

An invitation letter signed by ministers from Myanmar and Thailand was officially sent to Japan on April 24 to encourage them to invest in the Dawei SEZ. A follow-up tripartite meeting including Myanmar, Thailand and Japan was held in Thailand on June 17.

"The next tripartite meeting will be organised by Thailand. Nothing is known yet. Our invitation to Japan is meant not for investment in the project but for a third country to be a strategic partner to manage the profit sharing," said deputy minister Hset Aung of National Planning and Economic Development.

The construction of two natural gas plants and a coal plant project is to be completed by 2015 to fulfil the electricity needs for the Dawei project.
 
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