Suzuki to build sec­ond Myan­mar plant: me­dia

The China Post - - BUSINESS -

Ja­panese au­tomaker Suzuki plans to in­vest tens of mil­lions of dol­lars to build a sec­ond plant in Myan­mar, seek­ing to make quick in­roads in the coun­try’s grow­ing mar­ket, a re­port said Satur­day.

The small-car maker has al­ready se­cured a roughly 20-hectare (50-acre) plot at the Thi­lawa spe­cial eco­nomic zone southeast of Yan­gon for the new plant, the Nikkei busi­ness daily said.

Con­struc­tion is ex­pected to start later this year, with the fa­cil­ity slated to come on­line in 2017, the news­pa­per added.

Suzuki is ex­pected to in­vest sev­eral bil­lion yen and hire about 300 staffers, aim­ing to in­crease Suzuki’s out­put in Myan­mar by more than five times, it said.

At the new plant, Suzuki plans to pro­duce some 10,000 cars a year, in­clud­ing the Er­tiga, a seven-seat com­pact, by as­sem­bling im­ported parts.

Suzuki ini­tially be­gan pro­duc­tion in the coun­try in 1999 through a lo­cal joint ven­ture but pulled out in 2010 due partly to its mil­i­tary regime.

The firm re­sumed pro­duc­tion there in 2013 af­ter the de­moc­ra­ti­za­tion process be­gan and now churns out some 150 of its Carry mini-trucks a month at the coun­try’s only car fac­tory.

Im­me­di­ate con­fir­ma­tion of the re­port was not avail­able.

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