Myanmar Dealbook: Australia based TYTC’s $16.29m project; Japan’s Yanmar and Mitsui &Co JV

Photo: Yanmar Myanmar Co Ltd.

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

Japan’s diesel engine manufacturer, Yanmar has entered a joint venture agreement with  Mitsui & Co, a general trading company to provide agricultural solutions in Myanmar.

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.

Also Read:

Japan’s Mitsui injects $500m in US real assets firm CIM Group

Japan’s Mitsui & Co picks up minority stake in Singapore retailer Triple

Myanmar Dealbook: MAPCO invests in $12m in agri parks; Rakhine state to set up SEZs

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.