January 29, 2020


Rice export earnings exceed $250 in three months

Image result for Rice exportDuring three months of the current fiscal year, Myanmar earned over 250 million US dollars from the exports of around 900,000 tons of rice and broken rice, according to Myanmar Rice Federation.Till December 27 of 2019-20 FY, Myanmar exported 894,889.703 tons of rice and broken rice worth 256.452 million US dollars.

Myanmar exports rice to the EU and Africa via sea route and China via Muse border trade.During three months, Myanmar earned over 34 million US dollars from exports of over 130,000 tons of rice and broken rice via border trade. Border trade accounted for 15 per cent of the total rice export.Myanmar earned over 220 million US dollars from exports of over 760,000 tons of rice and broken rice via sea route. It made up over 85 per cent of the total rice export.

The MRF is taking necessary measures to deal with the declining rice price in the summer paddy harvest season and the farmers’ difficulties. It is found that the business is weak due to the difficulties in warehouse, paddy drying and transport.In the past, only 11 companies exported rice to China. Currently, more than 40 rice export companies have been chosen. They can export rice to China after the list is sent to China.

Source: Eleven Media

US$8.4 M worth Toyo Ink factory to start run in Myanmar

Image result for toyo ink myanmarThe grand opening ceremony of the Toyo Ink factory worth US$8.4 million is held at Thilawa SEZ in Thanlyin Township on November 30 and will be run starting from December 1. The company has been granted five-year tax exemption from the government as it made the investment in Thilawa SEZ. “They assumed that the business will be good as people from printing and food packaging sectors are taken interested in this business. It will be run in next month,” said the assistant manager.

At the present, the company will be run with 20 staffs and the company took about over a year to prepare for the factory. It will appoint local staffs later. The company is producing ink for printing industry and food packaging products and had investments in 23 countries including Thailand and Indonesia. The company is start established in 1986 and it is intended to expand its business in Myanmar.

A total of 99 per cent of 405 hectares in Zone A of Thilawad SEZ are sold and about 50 per cent of Zone B are already sold. Toyota is building automobile assembled plant on 21 hectares of land space at the Zone B and it is planning to start the production in 2021, according to Myanmar-Japan Thilawa Development Company Limited (MJTD). The MJTD has 2,400 hectares in Thilawad SEZ and Zone A has 405 hectares. Zone B  is being developed in 3 phases.  About 79 per cent of phase 1, 49 per cent of phase 2 and 62 per cent of phase 3 have been sold.

Source: Eleven Myanmar 

Construction of Toyota Myanmar plant kicks off in Thilawa

Related imageToyota Myanmar Co. Ltd held a groundbreaking ceremony at the construction site for its new manufacturing plant at the Thilawa Special Economic Zone on Friday, 1 November, 2019. The US$52.6 million plant is expected to be operating from February 2021 onwards. It will produce 2500 Toyota Hilux pickup trucks per year using the semi knock-down method. Around 130 jobs will be created. Toyota currently imports the Hilux, Vios, Rush and other vehicles for sale in Myanmar.

The company’s plan is to ride on rising demand for automobiles in Myanmar. In 2018, more than 18000 new vehicles were sold in the country, which is 2.1 times more than the previous year’s, according to available data. By 2020, automakers estimate that the number of vehicles driven in Myanmar will exceed 2 million. However, Toyota is likely to face strong competition by other car makers which already operate facilities in Myanmar when its plant opens for business in 2021.

Among the competition is Suzuki Myanmar Motor Co Ltd, which claims to now command 60 percent of the market for new cars in Myanmar, according to Keiichi Asano, managing director of the Suzuki Myanmar. The Japanese car maker this year produced 15,000 vehicles compared to 12,000 in 2018, representing a 25 percent increase in year-on-year production, the company said. Japan is now the tenth largest investor in Myanmar, with a total of 117 entities having channeled US$1.2 billion worth of capital into the country since 1988, according to DICA.

Source: Myanmar Times 

Korean cement plant to be built in Thilawa SEZ

The cement manufacturing plant’s opening ceremony was held at LOTTE Hotel on Pyay Toad on Friday evening. The ceremony was attended by officials from the Ministry of Construction, ambassador of the Republic of Korea to Myanmar Mr. Lee Sang Hwa and Kim Jong Sik, Managing Director of Yojin cement plant.

“The plant was built in Thilawa SEZ in 2016 with a US$ 60 million investment by Korea, and the plant started operating in 2018. The plant will manufacture slab cement for the first time for the Myanmar construction sector,” said Ko Aung Pyat Phone, manager of Yojin cement plant.

Slab cement is used in construction. It is made from mixing ordinary cement and powder derived from steel. Although Yojin cement plant can produce 3,000 tons of cement per day, it will produce only 1,500 to 2,000 tons of cement per day, based upon market demand. The plant can produce about one million tons of cement per year.

Source: The Global New Light of Myanmar

Singapore’s Wilmar opens facilities in Thilawa

Image result for wilmar flour mill YangonWilmar Myanmar and its partners, National Infrastructure Holdings Co, First Top Group and Riceland International, on Sunday announced the opening of a new flour mill and consumer pack edible oil processing plant in Thilawa Special Economic Zone, Yangon. The mill will have the capacity to produce 530 tonnes of wheat flour per day, while the processing plant will handle 460 tonnes of edible oil a day.

Wilmar Myanmar is a subsidiary of Singapore-listed Wilmar International, one of the largest agribusinesses in Asia. The company trades in palm oil, protein feeds, consumer pack edible oils, sugar, and other food products. Wilmar Myanmar produces the Meizan brand of edible oils and plans to introduce new sauces and food products in the local market.

The company also operates the Wilmar Myanmar Port Terminal in Thilawa under a 50-year build, operate and transfer agreement with the government. For the first six months of the year, Wilmar International reported revenues totalling US$20.2 billion, down by 7.6 percent over the same period last year, and earnings of US$427 million, which is down by around 20pc during the period. This was due to the outbreak of African swine flu in its key markets.

Source: Myanmar Times 

Separate plots planned to establish specialized textile and garment zones in Yangon, Mandalay

Image result for textile and garment industrySeparate land areas are being planned to establish special zones related to textile and garment in Yangon and Mandalay regions, according to the ministry of industry.

Union Minister for Industry Khin Maung Cho said plans were underway to adopt a national level textile policy with the help of Germany’s GIZ with the aim of developing Myanmar’s textile industry, boosting investment by inviting foreign trade partners, getting necessary infrastructure, boosting export market and reducing import.

He said national textile policy is part of National Export Strategy-NES. The minister made such remarks during the activities of his ministry in the third year of the government term. The commerce ministry is taking charge of implementing the NES with 11 sectors. Among those sectors, textile and clothing sector is being implemented by the No (3) Heavy Industries under the ministry of industry by forming a committee.

Source: Eleven Media

Legendary Chang Beer now Brewed & Served Fresh in Myanmar

 Fraser and Neave, Limited (“F&N”) celebrated the launch of commercial operations at Emerald Brewery Myanmar Limited (“Emerald Brewery”), a year after committing an investment of US$70 million in Myanmar. Photos: Emerald BreweryLocal production of Chang Beer begins at the new state-of-the-art brewery, with the launch of nationwide distribution seeing products hit the shelves this week. Bottling come in five formats – 330ml and 500ml cans, 320ml and 620ml bottles and a 30-litre keg.

Chang Beer is kicking off under the motto #TimeForAChange #TimeForChang #ChangBeer, a major commitment by Fraser and Neave Limited (F&N) launching commercial operations at Emerald Brewery Myanmar Limited, a year after committing an investment of a hefty US$70 million in Myanmar.

Emerald Brewery follows the same approach taken at the Chang Beer brewery in Thailand, right down to the water treatment, recipe and ingredients used – ensuring the water’s high purity and adhering to WHO standards. Sustainability and innovation are grounded in the operations at Emerald Brewery in terms of solar, energy-saving, and wastewater treatment – everything a modern state-of-the-art brewery should be.

Source: Mizzima 

F&N gets back into Myanmar’s beer market after 4 years

Image result for chang beer myanmarFood and beverage giant Fraser & Neave (F&N) is re-entering Myanmar’s beer market after a four-year absence. The Singapore company has pumped in $70 million to set up Emerald Brewery in Yangon with local partner, Shwe Than Lwin. The two companies had secured a licence from the country’s investment commission to make and distribute beer.

The facility has started brewing and marketing beer under the Chang brand, one of Thailand’s most famous beers. The brewery is expected to produce 500,000 hectolitres of beer a year that will be packed into five formats – 330ml and 500ml cans, and 320ml and 620ml bottles, as well as 30 litre kegs.

F&N entered the Myanmar beer market in 1997 when it bought a 55 per cent stake in Asia Pacific Breweries. Asia Pacific Breweries had set up Myanmar Brewery with MEHL, a Myanmar army-linked organisation, in 1995 to make Myanmar Double Strong and Andaman Gold beer. F&N then left the Myanmar beer market in 2015 when contractual obligations required it to divest its 55 percent stake in Myanmar Brewery to its local partner.

Source: The Straits Times 

Changhe Q35 comes to Yangon

Gold AYA Motors International Co Ltd has introduced its very first compact crossover the Changhe Q35 SUV in Yangon. The launch event for this sporty car was held at the Grand Wyndham Hotel on August 2. The new Q35 is positioned as a mid-high end SUV, and appeals to those young drivers looking to impress on the roads. The sleek design and front wheel drive make it easy to maneuver in many of Myanmar’s urban and rural terrain.

The unique sports SUV is semi knocked-down (SKD) model, meaning that all the cars have been imported and reassembled in Gold Aya Motors International’s car plant in Mandalay. The company hopes to produce about 10,000 units each year. All parts of the Q35 are assembled in Mandalay, imported by Gold AYA imported from the Chinese BAIC Company, which also works with Mercedes and Hyundai. The official retail price for Changhe Q35 is US$21,800, which includes a three year or 60,000 kilometre warranty. The Shining Star Group of Kunming, China established Gold AYA Motors International Co Ltd, and has assembled automobiles in Myanmar since 2017.

Source: Myanmar Times 

Automobiles to roll off new assembly line in Mandalay

Related imageMyanmar has been importing car parts and assembling them for years, but now Chinese cars will be produced here for the first time, at Myotha industrial zone in Ngazun township, Mandalay Region.

Shining Star Group of Kunming, China, established Gold AYA Motor International Co Ltd to make automobiles in Myanmar in 2017. The plant on more than 20 acres of land in Myotha industrial zone will manufacture high quality vehicles to be sold at reasonable prices, according to the company, with the ultimate goal of labelling them “made in Myanmar.”

Phase 1 of the factory project includes an assembly line for Semi Knocked-Down vehicles, equipment, car parts, storage godowns, parking, test-drive tracks, a fuel warehouse, dump areas, toilets and offices. It will require a US$30 million investment by the company and produce ten models of luxury cars, commercial cars, pickups, SUVs, and MPVs.

Within 5 years, the firm expects to sell over 50,000 cars with 40pc local production. Later, it expects to double the production. The first car to be made by the firm will be Beijing Auto Industry Corp.’s Changhe Q35 SUV, which rolls into Yangon and Mandalay showrooms on Friday.

Source: Myanmar Times 



If you prefer to read previous version with PDF format, click here to go to our bulletin library .


MMRD helping clients unlock growth opportunities and shape tomorrow’s Myanmar.
MMRD Insight—Editor