Nissan to open its first plant in Myanmar
- Nissan has announced the forthcoming opening of its first vehicle assembly plant in Myanmar(In the region of Bago), in partnership with a Malaysian assembler Tan Chong Motor. Burma has previously attracted few automakers, but given the growth displayed throughout the Southeast Asian region, some now seem ready to reconsider the question. Nissan says that Burma is called to a rapid growth in auto demand, following recent political and economic reforms introduced in the country. The manufacturer plans an initial production of 10 000 vehicles per year (Nissan Sunny sedans).
- Myanmar is in full economic boom since the country opened up in 2011, after decades of isolation caused by a military junta, and is considered today as a country with great potential by investors.
- The neighbouring country Thailand already produces nearly two million vehicles each year for its own market (30% of production) and foreign markets (70% of production). But is now entangled in serious economic difficulties, with a military junta that came into power in 2014, and today is having difficulty in reassuring foreign investors.The current situation could therefore prompt some manufacturers already established in the region at a gradual transfer of part of the car production from Thailand to Burma.
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