In a couple of overseas investment proposals, Japan’s Taiyo Nippon Sanso has been approved by the government to invest $11.29 million to produce industrial gases in Myanmar while Buhler will be investing $5.2 million to import and assemble machines.
Japan’s Taiyo Nippon Sanso to invest $11.29m on gas production
Taiyo Nippon Sanso, that produces industrial gases, has secured the state approval to invest $11.29 million in Myanmar for the manufacturing and wholesale supply of gases.
Manufacturing of oxygen, nitrogen and argon will start in January 2018 under Taiyo Nippon Sanso Myanmar Co Ltd that will be done through Taiyo Nippon Sanso Holdings Singapore Pte Ltd, according to a company statement.
The facility will be located in Thilawa Special Economic Zone. Apart from the manufacturing, the company will handle the import processing and wholesale of products like liquid oxygen, liquid nitrogen, argon and carbon dioxide.
Buhler Myanmar to invest $5.2 m for service, trading of agri machinery
Buhler, that provides industry solutions and technology for commodity food, feed and renewable energy sectors, has got the permission to invest $5.2 million in Myanmar.
Approved in October, Buhler machinery will be imported, assembled and configured in Myanmar at the Thilawa Special Economic Zone which is where services like quality control, and wholesale of the machines will be done. Machinery used in milling plants for flour, rice, beans & pulses and feed industry will also be sold.