Japanese companies continue to invest in Myanmar. While Ryobi Holdings will invest $20 million in warehousing and logistics, JFE Engineering is developing a $16-million waste-to-energy plant.
Japan’s Ryobi gets nod to invest $20 m in logistics services
Japan’s Ryobi Holdings – with interests in local transportation, consumer goods and information technology – has got the state approval to invest $20 million in a bonded warehousing and logistics service project in Thilawa Special Economic Zone.
The project will offer warehousing, vendor-managed inventory, packing and processing, forwarding, custom clearance, domestic transportation and cold chain logistics services.
The Japanese project will operate under Ryobi Myanmar Distribution Services Co Ltd and will occupy 50,000 square meters in the zone. Ryobi Holdings had in 2014 invested $7 million in a warehouse project in Vietnam.
Some of the warehousing and logistics projects that have commenced in Thilawa Special Economic Zone include Singapore’s Yusen Logistics Co Ltd and Nittsu Logistics Myanmar Co Ltd; Japan’s Konoike Myanmar Co Ltd, Fujitrans Logistics Co Ltd, Dizen Myanmar Co Ltd and, Free Trade Integrated Logistics Co Ltd from Myanmar.
Japan’s JFE to complete waste-to-energy plant by year-end
The $16-million investment will see JFE Engineering contributing $8.2 million while the local entity YCDC adding up to the rest.
Mr Hiroyuki Ueda from JFE Engineering was quoted as saying that the company was looking at setting up similar plants in other cities once the factory starts operations.
There are a couple of more waste-to-energy project that are in the works in Myanmar. Zeya & Associates Co Ltd is mulling a $130-million investment on a project based on mass burning process. Also, there is a Korean company which is planning on a waste-to-energy project at Htein Pin garbage site.