Suzuki Motor Corporation's subsidiary in Myanmar, Suzuki Thilawa Motor, will construct a new plant to weld, paint and assemble automobiles.
In line with market expansion in Myanmar, the new plant, scheduled to start operating in September 2021, will be constructed in an industrial park located in the Thilawa Special Economic Zone, southeast of Yangon. It will have an annual production capacity of 40,000 units.
Suzuki has a long history in Myanmar, beginning in 1998 with the establishment of a joint venture, starting local production of motorcycles and automobiles from 1999.
There are currently two plants in Myanmar producing four models: Carry, Ciaz, Ertiga, and Swift.
In 2019, Suzuki produced 13,300 units (up 125% year on year) and sold 13,206 units (up 128%) with a market share of 60.3%.
"With the construction of the new plant, Suzuki will meet the automobile market needs in Myanmar, which is projected to make further expansion," the automaker said in a statement.