23.8 C
Cagayan de Oro
Thursday, June 30, 2022
spot_imgspot_img

Suzuki to Construct a New Automobile Plant in Myanmar

Suzuki Motor Corporation’s subsidiary for production and sales of automobiles in Myanmar, Suzuki Thilawa Motor Co., Ltd., will construct a new plant, which will conduct welding, painting, and assembly of automobiles.

In line with the expansion of market in Myanmar, the new plant, which is scheduled to start operating from 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 ability of 40,000 units.

Suzuki has a long history in Myanmar, which started back 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 that produce a total of four models: Carry, Ciaz, Ertiga, and Swift. In 2019, Suzuki produced 13,300 units (125% year-on-year) and sold 13,206 units (128% year-on-year) 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.

- Advertisement -spot_imgspot_img

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

5,250FansLike
449FollowersFollow
1,170SubscribersSubscribe
- Advertisement -spot_imgspot_img

Get the Latest News

Latest Articles

- Advertisement -spot_imgspot_img