Aug 27, 2016

British Chamber of Commerce seeks to connect UK businesses to Myanmar

The British Chamber in Myanmar has launched a range of business services to assist UK companies with market entry in to Myanmar, according to a statement on 23 August. The Chamber will promote trade and investment opportunities to UK businesses and support these companies to access these opportunities and establish links in Myanmar.

There is growing interest in the Myanmar market in the UK, following landmark elections in Myanmar last year and signs that the new government will continue to encourage responsible inward foreign investment.

According to the statement, the British Chamber is uniquely positioned to offer companies practical market entry services and act as the ‘first point of call’ for British business looking to invest in Myanmar.

Key business services on offer to British companies include:

  • Partner identification and business matching
  • Market visits and trade missions
  • Bespoke events to showcase products or services

The British Chamber will continue to work with its network of Myanmar member companies and UMFCCI to identify areas for trade cooperation and companies for potential partnerships. Myanmar companies will benefit from introductions to British companies seeking local partners, clients, agents and distributors.

U Win Aung, Chairman, UMFCCI, said:

“The British Chamber plays a significant role in attracting trade and investment in Myanmar. There are already a number of successful partnerships between UK and Myanmar businesses. I am encouraged to hear that the British Chamber is now offering British companies market entry services. I believe that this will attract more British businesses to Myanmar and further enhance the existing bilateral economic cooperation between our two countries for mutual benefit.

There is huge enthusiasm to share our local market understanding with committed overseas companies, which, in turn, will be able to share their international experience and investment with our private sector businesses. We can learn a great deal from each other.”

Carl Emerson, Technical and Project Support Manager of British Mining Heavy Machinery Manufacturer, MMD said:

“We are eager to expand in to the Myanmar market and we have begun to research the market opportunity and potential agents, distributors and customers for our products. The Chamber provided us with an excellent, targeted market visit program which opened up opportunities for us which we would not have been able to access otherwise. The service was very good value for money and has informed our company's market entry strategy. British companies are fortunate to have these business services available to them in Myanmar.”

Source: Mizzima

Invitation for open tender of copper cathode (~400 metric tons and 203 metric tons)

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Aug 25, 2016

Plastic Industry Still Reliant on Imported Raw Materials

Myanmar’s plastic manufacturing industry still relies upon imported raw materials due to insufficient domestic supply, according to chairman of Myanmar Plastic Industries Association.

There are 4,000 plastic manufacturing factories in Myanmar producing plastic and related products, but there are no refineries to produce material for plastic manufacturing factories. Therefore, the factories have to use waste-plastic to produce finished products.

“We use waste plastic because of raw material shortages, but that is not enough to supply demand. We have to import raw materials from abroad. There may be potential to build factories for specific raw materials for plastic production in Myanmar,” the association’s chairperson U Tun said.

Plastic raw materials are being imported from Thailand, Singapore, Japan, Taiwan and Saudi Arabia. Plastic products such as plastic bag are being exported to Japan and rest are sold in the domestic market.

Producing plastic raw materials locally will reduce costs, U Tun said, as it will cut down shipping fees and global price fluctuations will then have minimal impact.

Plastic manufacturing factories are mostly located in Yangon, Mandalay and Taungyi. They produce plastic and its related products including plastic bags as well as furniture.

U Tun said the government should also consider providing loans for plastic producing small businesses with low interest.

The fifth Myanmar Plas Print Pack Exhibition was held from July 15 to 18 to foster Myanmar’s plastic and its related production industry. About 250 firms from Bangladesh, China, Germany, India, Italy, Japan, South Korea, Malaysia, Singapore, Taiwan, Thailand, United Kingdom, United States and Vietnam took part in the exhibition.

Source: Myanmar Business Today

Aug 24, 2016

Looking for reliable suppliers of palm oil

RBD palm olein (or vegetable palm oil) CP10

Packing: 25 litre Jerry Can

Quantity: 100mt

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Market Expert for Uninterruptible Power Supply (UPS) products can help you enter the market or expand business in Myanmar

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Market leader in light-weight industrial conveyor belting looking for Myanmar distributors and service partners

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Aug 22, 2016

Invitation for Expression of Interest (EOI) for JV cooperation in High Voltage Ceramic Insulator Factory

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