Friday, 21 December 2012

Suzuki plans to build car assembly plant in Myanmar

Japanese car firm Suzuki is preparing to invest in Myanmar by building a car assembly plant, officials from the Department of Investment and Company Administration said.

However, it has yet to register with the Myanmar Investment Commission despite plans to invest in the Thilawa Special Economic Zone.

Sources from the business sector, meanwhile, said Suzuki is eyeing partnership with a local company.

“I heard that they are going to work together with a local car assembly company. We don’t know exactly the name but I heard that it is assumed to be Ever Smile Group. I heard that they didn’t apply officially yet,” a businessman from the Myanmar Automobiles Production and Traders Association said.
 
source: Eleven Myanmar

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