Manufacturers Interestsed in Myanmars Thilawa Economic Zone

Manufacturers Investing in Myanmar's Thilawa Economic Zone

Feb. 21, 2014
The project is a joint venture planned by the Burmese and the Japanese government, along with a consortium of Japanese companies and the federation.

An official from Myanmar has said that 40 foreign manufacturers are interested in setting up in the Thilawa economic zone, according to a report on Reuters. 

Production could begin in 2015 with companies producing clothing, foodstuff, electronic appliances, toiletries and car parts, according to Set Aung, vice-governor of Myanmar's central bank and chairman of the committee overseeing the economic zone.

Shares of Myanmar’s Thilawa Special Economic Zone will go on sale next month, in a bid to raise the $21 million necessary for funding the first phase of construction of the much-anticipated SEZ near Yangon, the financial center of Myanmar, according to the International Business Times.

The project is a joint venture planned by the Burmese and the Japanese government, along with a consortium of Japanese companies and the federation. The Burmese side owns 51% of the project, which will eventually include a deep sea port south of Yangon, Japanese factories and large housing projects

Myanmar Thilawa SEZ Holdings Public Ltd. Co., a consortium set up by nine Myanmar companies, owns 41% of the shares in the zone and the Thilawa SEZ Management Committee, a state entity chaired by Set Aung, has the remaining 10% held on the Myanmar side.

On the Japanese side, the MMS Thilawa Development Co. Ltd., a consortium grouping Mitsubishi Corp, Marubeni Corp and Sumitomo Corp, has 39% and the Japan International Cooperation Agency 10%.

About the Author

Adrienne Selko | Senior Editor

Focus: Workforce, Talent 

Follow Me on Twitter: @ASelkoIW

Bio: Adrienne Selko has written about many topics over the 17 years she has been with the publication and currently focuses on workforce development strategies. Previously Adrienne was in corporate communications at a medical manufacturing company as well as a large regional bank. She is the author of Do I Have to Wear Garlic Around My Neck? which made the Cleveland Plain Dealer's best sellers list. She is also a senior editor at Material Handling & Logistics and EHS Today

Editorial mission statement: Manufacturing is the enviable position of creating products, processes and policies that solve the world’s problems. When the industry stepped up to manufacture what was necessary to combat the pandemic, it revealed its true nature. My goal is to showcase the sector’s ability to address a broad range of workforce issues including technology, training, diversity & inclusion, with a goal of enticing future generations to join this amazing sector.

Why I find manufacturing interesting: On my first day working for a company that made medical equipment such as MRIs, I toured the plant floor. On every wall was a photo of a person, mostly children. I asked my supervisor why this was the case and he said that the work we do at this company has saved these people’s lives. “We never forget how important our work is and everyone’s contribution to that.” From that moment on I was hooked on manufacturing.

I have talked with many people in this field who have transformed their own career development to assist others. For example, companies are hiring those with disabilities, those previously incarcerated and other talent pools that have been underutilized. I have talked with leaders who have brought out the best in their workforce, as well as employees doing their best work while doing good for the world. 

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