Myanmar Yangon Automobile Industry

Toyota to build factory in Myanmar

Seeing the potential in Myanmar’s automobile market, Toyota Motor Corp has plans to establish a factory in the Thilawa Special Economic Zone. The Japanese corporation joins a growing number of automakers with factories in the country.

Analysts believe Myanmar’s demand for cars can match neighbouring Thailand’s, where about 1 million automobiles are sold annually. Sales of new units have also doubled in 2018 from 2017, among other signs which indicate a growing market for new vehicles.

Read more on this at The Japan Times by the Yomiuri Shimbun

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