Dec 14, 2012

Japan invests glove factory in Bago

A Japanese glove factory is currently under construction just outside the Bago city, which is located 60km north from Yangon, sources reported.

Being next to a large Korean garment factory ‘Myanstar’, the factory is on the Nyaung Inn Junction of busy Yangon-Mandalay road and Nyaung Inn-Tike Kyi road.

It is a full percent foreign investment, and its construction started in the summer (around April), a local said.

He also added that a group of Chinese businessmen recently visited the land beside the factory, in order to invest a food stuff manufacturing company.

Source: Eleven Media