TYTC Services from Australia is ready to establish a waste collection system in Yangon while Japan’s Yanmar and Mitsui & Co JV will provide agricultural solutions in Myanmar.
Australia based TYTC’s 16.29m waste collection scheme
Australia based TYTC Services Co will be investing $16.29 million for establishing a collection and transportation system for waste in Yangon.
TYTC Services together with Zeya & Associates in 2015, won the tender to systematically college garbage for the city’s 33 townships that comprises of over 700,000 households.
However, with the majority of residents not favoring the increase of garbage collection fees, the project was stalled since mid 2015.
For Zeya & Associates, there is no news yet to commence the investment.
The waste collection will be a joint venture with the Yangon City Development Committee (YCDC) and will use the latest technology to create a cleaner and healthier environment.
Japan’s Yanmar and Mitsui & Co JV for sales and service of agricultural products
The two will be investing $6 million for the delivering of “a comprehensive set up of outstanding facilities to Myanmar customers,” according the company announcement.
“Through our joint venture with Mitsui & Co, we have developed strong sales and marketing functions to provide high quality services to overcome some of the challenges in Myanmar’s agricultural sector. Additionally, we hope to make an active contribution to improving lives across the country,” said Takeshi Terada, managing director of Yanmar Myanmar Co Ltd.
Operating under the name Yanmar Myanmar Co Ltd, facilities will include a large warehouse, a dealer service, a training center, a showroom and hospitality facilities.
Mitsui & Co holds a 40 per cent stake in the JV and the rest is held by Yanmar.