Myanmar: Hitachi, Soe Electric $45m JV plans to export transformers in 2017

Japan’s Hitachi company and a local transformer company Soe Electric & Machinery have formed a joint venture, Hitachi Soe Electric & Machinery company with an investment of $45 million investment.

The partnership aims to produce transformers for both the domestic and the export markets. The first export of made-in-Myanmar transformers is likely to happen after 2016, said Daw Mary Htwe, general manager of Soe Electric & Machinery Co Ltd.

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