MYANMAR: Suzuki to restart Carry LCV assembly
By Tony Pugliese | 8 February 2013
Suzuki Motor plans to resume vehicle production in Myanmar, formerly known as Burma, in May.
The company said it is investing US$7m to refurbish its existing assembly facility in the country's commercial capital Yangon.
The facility operated as joint venture between Suzuki and Myanmar's government between 1998-2010, albeit with very patchy production. Operations ceased in 2010 after the two partners failed to extend their initial contract and the facility was subsequently closed down.
Initial production will amount to 100 Carry mini commercial vehicles per month, employing 90 staff, for sale domestically.
The Myanmar government's recent progress towards greater openness and democratisation has brought in a number of early-stage foreign investors, including a number of Japanese firms, attracted by the country's long-term growth potential.
Sectors: Commercial vehicles, Emerging markets, Vehicle manufacturers, Vehicle manufacturing
Companies: Suzuki
View next/previous articles
8 Feb 2013 -
Currently reading -
MYANMAR: Suzuki to restart Carry LCV assembly
Related company research
Suzuki Motor Corporation - SWOT, Strategy and Corporate Finance Report
Suzuki Motor Corporation - SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financials...
Maruti Suzuki India Limited - SWOT, Strategy and Corporate Finance Report
Maruti Suzuki India Limited - SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financi...
Suzuki Motor Corporation (7269) - Financial and Strategic SWOT Analysis Review
Suzuki Motor Corporation (Suzuki Motors) is an automobile company. It undertakes the designing and manufacturing of passenger cars, commercial vehicles, motorcycles, all terrain vehicles (ATVs), outboard motors, and other products. The company is int...
There are currently no comments on this article
Be the first to comment on this article