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July 05, 2020

Suzuki to establish new car factory in Thilawa SEZ

Suzuki factory in Thilawa Industrial zone. Photo: Supplied
Suzuki factory in Thilawa Industrial zone. Photo: Supplied

Suzuki will expand its production with a new factory in Thilawa Special Economic Zone (SEZ), with an annual production of 40,000 cars, stated a press release by Suzuki Motor Corporation on 23 March.
Suzuki will set up its new assembly plant in keeping up with the growing automobile industry in Myanmar. The plant is slated to start running in September 2021. The annual production is estimated at 40,000 vehicles, the press release added.
Suzuki Motor Corporation is producing the cars under the Semi-Knocked Down (SKD) under the name of Suzuki Thilawa Motor Co., Ltd. It will open a new assembly plant including welding process, painting process and assembly process to locally produce the assembled completely knockdown (CKD) vehicles in the country. The company will construct the 42,000-square-metre plant in Thilawa SEZ, with the estimated capital of 12 billion yen.
At present, Suzuki has wholly invested US$35 million in the Thilawa SEZ, employing 224, as per data of the company in February.
Suzuki has entered Myanmar since 1998. It formed a joint venture with the government and started to produce assembled motorcycles and vehicles in 1999. Later, it stood as the wholly foreign-owned enterprises under Suzuki (Myanmar) Motor Co., Ltd, and Suzuki Thilawa Motor Co., Ltd, producing Carry, Ciaz, Ertiga and Swift brands at the automobile plants in South Dagon and Thilawa SEZ.
Suzuki produced 13,300 assembled cars in Myanmar in 2019. The production has ramped up to 125 per cent compared with the previous year. Suzuki grasped 60.3 per cent of the share of brand-new car sales in the country, selling 13,206 vehicles. The rate of sales is up by 128 per cent, according to the press statement. Establishing a new factory, Suzuki aims to fulfil the requirements of Myanmar’s automobile market and to expand its market in the country. (Translated by Ei Myat Mon)

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