Jan 15, 2014

Marubeni Corporation plans to build fertilizer factory in Myanmar

Marubeni Corporation, one of Japan’s largest trading firms, has planned to expand its businesses in Myanmar including construction of a chemical fertilizer factory, sources say.
A team led by Tetsuro Terasaka, general manager at Marubeni’s representative office in Yangon, met separately with Win Tun, Union Minister for Environmental Conservation and Forestry, and Aung Naing Oo, director-general at the Directorate of Investment and Company Administration, in Nay Pyi Taw on January 8.

They discussed the country’s investment law, rules and regulations, and construction of the factory.
Established in 1858, Marubeni Corporation has more than 100 branches and representative offices in 65 countries. The firm mainly operates not only in the investment and management sector but also in foodstuffs, garments and mineral resources.

Japan will invest a 49-percent share in the Thilawa Special Economic Zone and spend more than US$ 380 million (Ks 380 billion) of the ODA’s loans from the Japan International Corporation Agency (JICA).

At present, the JICA is cooperating with the Ministry of Construction on the building of the Yangon-Thilawa bridge.

Source: Eleven Weekly Media