Thi­lawa fac­to­ries fire up

Close to one-third of the fac­to­ries that re­ceive per­mits to op­er­ate in the Thi­lawa spe­cial eco­nomic zone have started pro­duc­tion.

The Myanmar Times - - Front Page - HTIN LINN AUNG htin­lyn­naung@mm­ – Trans­la­tion by Win Thaw Tar

TWENTY of the 68 fac­to­ries that have signed up to the first phase of Thi­lawa Spe­cial Eco­nomic Zone are now up and run­ning, of­fi­cials say.

U Than Than Thwe, joint sec­re­tary of the Thi­lawa SEZ Man­age­ment Com­mit­tee, said that 68 com­pa­nies from 17 coun­tries had re­ceived per­mits to in­vest in the project. On Novem­ber 8, CJ Foods, a Korean com­pany, staged an open­ing cer­e­mony in its com­pound in the SEZ, as the 20th fac­tory to start op­er­a­tions.

“As all fac­to­ries are still at an early stage of pro­duc­tion, it’s too early to say how much they are pro­duc­ing,” said U Than Than Thwe.

The 68 com­pa­nies have al­ready in­vested a to­tal of US$880 mil­lion so far, an­nounced Myan­mar-Ja­pan Thi­lawa De­vel­op­ment (MJTD).

They in­clude pro­duc­ers of con­struc­tion ma­te­ri­als, in­clud­ing steel and ce­ment, agri­cul­tural ma­chin­ery and chem­i­cal fer­tilis­ers, ve­hi­cles and parts, medicines and med­i­cal equip­ment, and oth­ers.

Myan­mar is es­tab­lish­ing new in­dus­trial zones to im­prove in­dus­trial pro­duc­tion and boost ex­ports and is en­cour­ag­ing in­vestors in­ter­ested in com­mod­ity pro­duc­tion.

In ad­di­tion to the ini­tial zone of 400 hectares in ex­tent, work is go­ing ahead to open the first 101-ha seg­ment of the 2000 hectare Zone B in the com­ing months. In Oc­to­ber, the govern­ment signed an agree­ment with Myan­mar-Ja­pan Thi­lawa De­vel­op­ment to kick off the process.

One of the fac­to­ries al­ready op­er­at­ing is Ball, an Amer­i­can com­pany that makes con­tain­ers for soft drinks and al­co­holic bev­er­ages.

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