21 foreign companies sign contracts with Myanmar to develop SEZ

Yangon Business Center In Myanmar

A total of 21 foreign companies and one local’s have signed contracts with Myanmar to develop the country’s first biggest Thilawa Special Economic Zone (SEZ) project being implemented on the outskirts of Yangon by a Myanmar- Japan joint venture, sources with the SEZ administration said Wednesday.

The 21 foreign companies include nine from Japan, four from China’s Taiwan, three from Thailand and one each from Chinese mainland, China’s Hong Kong, Sweden, the United States and Australia as well as one from Myanmar.

Under contracts with the Myanmar-Japan Thilawa Development ( MJTD) Co Ltd, these foreign companies will respectively undertake works related to steel pipe, construction, aluminium, finished wood product, textile, beverage can manufacturing and plastic at the 400-hectare Class A Area of Thilawa SEZ in Thanlyin, 20 kilometers southeast of Yangon.

The 21 foreign companies were shortlisted from 51 which submitted intention of interest in the investment project.

MJTD was formed by two Myanmar companies and two Japanese companies sharing under an ownership ratio of 51 to 49.

The two Myanmar companies comprise the government’s Thilawa SEZ Management Committee and the Myanmar Thilawa SEZ Holdings Public Co Ltd (MTSH), while the two Japanese companies involve MMS Thilawa Development Co Ltd and Japan International Cooperation Agency (JICA).

MMS Thilawa is a consortium group of Mitsubishi, Marubeni and Sumitomo Corporations.

Myanmar has started the land lease procedure for Phase 1 of the Thilawa SEZ project Class A Area which has about 400 hectares divided into two phases out of nearly 2,400 hectares in total.

The project began implementation in November 2013 and the commercial run of the Thilawa SEZ is expected to start in mid-2015.

 

 

 

 

Source : China Daily | October 2, 2014

Thomas D’Innocenzi

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About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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