Myanmar Dealbook: Ryobi to invest $20m in logistics, JFE to complete WTE plant

JFE Engineering Corporation

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

Japan’s JFE Engineering Corporation and Yangon City Development Committee waste-to-energy project, coming up in Yangon, is likely to be completed by the year-end, the Mirror reported.

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.

Also Read:

Singapore’s SMI in JV with Japan’s Senko to provide logistics services in Myanmar

Myanmar: Yusen Logistics to invest $6.5m, China power firm to lease coal unit

Myanmar’s waste-to-energy space sees private interest, Japan’s JFE-backed power plant to come up in 2017

 

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.