30 Nov '15, 10am

Tan Chong Motor to pump in RM211 million into Myanmar business, to build new assembly plant

Tan Chong Motor to pump in RM211 million into Myanmar business, to build new assembly plant

Back in September 2013, it was reported that Tan Chong Motor Holdings (TCM) was set to construct an assembly plant in Myanmar to build small passenger cars and pickup trucks for the market. Two years on, the plant is finally due to be built, The Malaysian Reserve reports. The 50-acre facility will be located in Bago, Myanmar, and will assemble completely knocked-down (CKD) models of B-segment cars, presumably led by the Almera, when it begins operations in 2018 The assembly plant is part of TCM’s plans to expand its Myanmar business, in which it is due to to invest US$50 million (RM211 million) over the next three years. Edaran Tan Chong Motor executive director Datuk Dr Ang Bon Beng told the publication that the company was currently finalising the securing of the land with the government of Myanmar, with the deal expected to completed by Q1 next year. He added that the p...

Full article: http://paultan.org/2015/11/30/tan-chong-motor-to-pump-in-...

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