August 19, 2016

Myanmar firm partners with Hitachi to produce transformers


Myanmar’s Soe Electric & Machinery is teaming up with Japan’s Hitachi Industrial Equipment Systems Co., Ltd. to establish a joint-venture company to manufacture transformers for the domestic and ASEAN markets.
The firms will cooperate in design, production, sales, installation, maintenance and market research.
Soe Electric & Machinery Managing Director U Kyaw Min Tun said, “Thanks to cooperation with Hitachi Industrial Equipment Systems Co., Ltd., Myanmar technicians will have advanced technologies, experience and job opportunities.”
“At present, we manufacture transformers, accounting for 20 percent of local demand,” U Kyaw Min Tun said. “In cooperation with Hitachi, we can beef up production.”
The joint venture, Hitachi Soe Electric & Machinery Co., Ltd., will be established with US $45 million in capital and more than 400 technicians. The firms signed an agreement on supply of electricity, creation of designs for the products, manufacturing, sales, installation and maintenance at Sedona Hotel in Yangon on 7 July. The company plans to start operation next March. — Kyemon-001


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