South Korean car maker opens first assembly plant in Myanmar
As the government is pushing for car companies to assemble their vehicles in Myanmar, more international companies are setting up assembly plants in the country.
Among the latest is South Korea’s Hyundai. The company launched its plant and its first semi-knocked-down (SKD) model on February.
The local arm of Hyundai, Shwe Daehan Motorcar Assembly Co, will be the entity responsible for assembling Hyundai vehicles locally. International KLM Co is the authorised importer and dealer for Hyundai and has been operating since 2014. Now, KLM will also distribute locally assembled Hyundai cars from the Shwe Daehan factory.
The factory is situated in the Thardukan industrial zone of Shwe Pyi Thar Township and employs nearly 200 local workers.
Source: Myanmar Times
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