Toyota, Suzuki and French auto parts manufacturer La Farge separately have bid to set up operations in Myanmar’s Thilawa special economic zone, according to the Myanmar Investment Commission (MIC).
The Thilawa industrial zone, located just outside the country’s commercial capital Yangon, is scheduled to be completed and available to manufacturing companies in 2015, according to an MIC spokesman.
Go deeper with GlobalData
Suzuki already has a wholly-owned assembly operation in Yangon, on a property leased from the government, but is known to want to move to the dedicated manufacturing hub.
The big news here is if Toyota also plans to set up an assembly facility in the country, having just announced the establishment of a dealer in Yangon.
Nissan announced last year that it plans to have an assembly plant in Myanmar by 2015 through its Malaysian partner Tan Chong Motor.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
