Nissan to produce cars in 'economic engine' Myanmar
Published on Sep 20, 2013 6:05 PM
YANGON (AFP) - Japan's Nissan Motor unveiled plans on Friday to launch production in Myanmar, as international auto makers compete for a share of the former junta-ruled country's fast-growing car market.
Japanese auto producers are ramping up production in South-east Asia to offset sluggish sales in their domestic market and in recovering Western economies.
Nissan said that its Malaysian partner Tan Chong Motors would build the largest automobile manufacturing site in Myanmar, which is emerging from decades of harsh military rule.
The new plant will open in the Bago region in 2015 producing Nissan Sunny cars. With 300 workers, it will have a capacity to assemble more than 10,000 vehicles a year.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!