Thursday, March 07, 2019
Daewoo Bus Myanmar is planning to produce 500 buses annually under a
semi knock down system starting from March 2019, said its managing
director Kyaw Kyaw Aung in a press conference held at UMFCCI on February
28.
The company invested about US$10 million on the project and will be sold domestically as well as export.
Zyle Daewoo Company from South Korea and Myanmar Trade Center Company
jointly founded the company in March 2017 and build a factory on 14
acres of land owned by Ministry of Industry in Htautekyant, Mingaladon
Township under build, operate and transfer system with 35-year lease.
The factory will be opened in March 2019 and will being to produce
buses.
At the present, the company plans to manufacture Daewoo City Bus BS106
and Lestar minibus and its service centers will be opened in
Htautekyant, Mandalay and Nay Pyi Taw.
“Daewoo City Bus BS106 and Lestar minibus are currently manufactured in
South Korea. The buses manufactured in Myanmar will be sold in Myanmar
as well as its neighbouring countries. We guarantee that the buses
manufactured in Myanmar will have the same qualities with those
manufactured in South Korea,” said the managing director.
The Daewoo City Bus BS106 and Lestar minibus are currently only
manufactured in South Korea and production lines of the factory are
installed with international standardizations.
Daewoo is manufacturing more than 15,000 cars under semi knock down
system in South Korea, China, Costa Rica, Vietnam, Kazakhstan, Pakistan
and Taiwan, with Myanmar being the eighth market.
“Although we can manufacture about 500 buses annually, it will also
depend on the demand from our customers. The prices are around US$85,000
for a City Bus and US$45,000 for a minibus. They will be registered in
Yangon and will be distributed in the market in April,” he said.
Although the buses are manufactured under semi knock down system, about
ten parts of the buses are manufactured under the system. The rest are
manufactured by complete knock down system, he said.
Source: Eleven Weekly Media
