Hitachi branch in Yangon starts operations

SINGAPORE--Hitachi Asia Ltd. on Nov. 26 said it has established a branch in the former capital of Myanmar to gather information and conduct market research in what is expected to be a growing economy.

Yangon Branch of Hitachi Asia (Thailand) Co., in the the city of Yangon, started operations on Nov. 26.

Hitachi has long contributed to the development of social infrastructure in Myanmar, supplying power generation equipment to local power plants since the 1950s.

Like many other companies around the world, Hitachi sees great potential in Myanmar, given its abundance of natural resources and its close proximity to China, India and fellow ASEAN member states. With a population of about 62 million, Myanmar also offers good prospects as a consumer market.

source: THE ASAHI SHIMBUN

http://ajw.asahi.com/article/economy/biz_briefs/AJ201211270066