(The news article direct from the NEW LIGHT of MYANMAR on 07 June
2014.)
Yangon, 6 June —A NYSE-listed large US
firm, Ball Corporation, has conducted first steps to build a one-line beverage
can manufacturing plant in Myanmar at the Class A Area of Thilawa Special
Economic Zone, which is located 25 km south of Yangon, with the signing of the
contract agreement between MJTD (Myanmar-Japan ThilawaDevelopment Company) and
US Ball Corp. on Friday to set up beverage can plant in Thilawa SEZ.
Mr. Scott Morrison, CEO of Ball Corporation, said the one-line plant is
expected to begin production in mid-2015 with the full investment set to be $
400 million. Meanwhile, Japanese Ambassador to Myanmar Mr. Tateshi Higuchi
announced that the signing of a contract with Koyo Radiator Co., Ltd, a
Japanese firm specializing in automobile parts, took place in Japan on the same
day.
Mr. Yanai Takashi, MJTD’s president and
CEO, said more than 45 companies from 11 countries are making a beeline to the
Thilawa industrial park’s Class A Area for setting up manufacturing plants and
industries. “Discussions are underway and Myanmar companies specializing in
plastic products, construction materials and steel are also among the MJTD
allows US Ball Corp... firms as well as a Swedish company that has submitted
proposal investments for the 400-hectare site”, he added.