Feb 19, 2013

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.

Source: Eleven Weekly Media