Myanmar Investment Commission
Myanmar Investment Commission representatives, headed by Myanmar Investment Commission chariman U ThaungTun, visited the Myanmar Pou Chen factory manufacturing Adidas shoes located in ShwePyiThar township, ThaGu Industrial Area on April 6th 2019. The main purpose for visiting the factory was to improve relations for smoother investments and to witness ease of doing business in Myanmar. The management and work flow of the factory is remarkable, setting an example for other investment initiatives.
Starting the Factory after earning the license
Myanmar Pou Chen factory obtained their operation license from Myanmar Investment Commission in 2014 and started their operations with 1200 employees at the end of 2014. The company took 9 months to build the 2 main factories and exported their first batch of 200,000 pairs of shoes.
Expanding the Business
During the time span of three years from 2016 and 2019, Myanmar Pou Chen received more investments and have skyrocketed their production. Currently, the factory employs 5000 people exporting up to 5 million pairs of shoes to the UK, Spain, Germany and Greek annually. The two main factories produce the bulk of the shoes with 8 more factories constructed for various purposes such as to treat waste water, handle electricity, warehouse, canteen, medical facility, fire emergency department, offices, and employee housing.
Programs for human resource development and improving worker conditions
There are lunch programs for employees as well as dinner and housing for night shift workers on overtime. There is a separate canteen building for lunch with 100 staff working on dining and keeping the canteen clean and sanitary. There are also celebrations for New Years and Myanmar Thingyan. As the Corporate Social Responsibility program, the employees are able to attend fire awareness campaigns, health programs, roundtables for staff and other training workshops.
Myanmar Pou Chen and the future of factories
Myanmar Pou Chen is currently working with multi-national corporations and internationally renowned brands such as Adidas. The factory serves as a great example for other investors on the responsible investment path. The factory is currently applyin got be a member of UN Global Compact group to abide by international human and worker rights along with environmental sustainability measures.
The company also visited other Bonded Warehouse systems to perfect the Deep Processing Transit (DPT) system. There are plans to expand the factory to not only invest in Yangon but other areas such as the Ayeyarwaddy and Pegu Regions where there is an abundance of labor. Myanmar Pou Chen factory serves as a guiding light to what it means to be a company that believes and practices responsible investment in Myanmar.
Hopefully, other potential and existing investments in Myanmar take example of the ways in investment in working towards the development of Myanmar’s Economy. (Translated by Myat Thu)