May 8, 2013

Italian Iveco Truck enters Myanmar

Italy-based Iveco Trucks has entered Myanmar’s market this month, according to Iveco’s partner, Myanmar Synergy.

“The Iveco will be selling all kind of trucks in the country with hire purchase system. We will open service center with exeprienced teams at Hlaingthayar Industrial Zone,” said Ye Tun, Director of the company.

Myanmar Synergy is an authorized representative for Iveco since last year and it has opened the showroom in the beginning of this year.

The showroom is located on Pyay road in Mayangon Township.

Myanmar Synergy is now running businesses in trading, garment and distribution of imported diesel.

Iveco is one of the world’s renowned automobile companies and won the award for best truck of 2013.

The Iveco Company was established in 1975 and its headquarters is in Turin, Italy. The company’s revenue was close to five billion euro last year. It is owned by Fiat Industrial Group.

Commercial used vehicles has been in high demand by Myanmar consumers since last year. Sweden-based Scania Trucks and Buses and other branded truck companies are already in the Myanmar’s automarket.

Source: Eleven Weekly Media