September 20, 2017

Japanese groups to invest in wood-based industry in Myanmar

A wood parquet factory in Yangon being seen. Photo: Reuters
A wood parquet factory in Yangon being seen. Photo: Reuters

JAPANESE companies will establish two factories in Myanmar in the month of June to produce high-quality finished wood products and export them to European countries, according to the Myanmar Investment Commission.
The Japanese firms also plan to produce household electrical and electronic equipment with the aim of distributing the household appliances across Myanmar as well as other Asian countries.
The two groups of companies have been applying for permission to operate their production businesses in the country over the last few years. Currently, the investors are looking for suitable areas in selected regions to establish those factories, with plan to mainly distribute their finished wood products within European’s wood-based furniture market. —200

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