Ministry of Industry (2) welcomes foreign investment for joint venture. The joint ventures with the industrial enterprises under the Ministry had been briefly mentioned under each of the respective enterprises. The detail description of these joint venture enterprises are as follows:-

1.    Myanmar Suzuki Motor Co., Ltd.

2.    Myanmar Ekarat Transformer Co., Ltd.

3.    Myanmar Matsushita Electric Works, Ltd.

4.    Myanmar Daewoo Electronics Co., Ltd.

5.    Myanmar Fritz Werner Industries Co., Ltd.

Economic Collaboration with Foreign Entrepreneurs

Myanmar Suzuki Motor Co., Ltd.

Myanmar Suzuki Motor Co., Ltd. was established in 1998 with joint venture agreement between Myanma Automobile and Diesel Engine Industries and Suzuki Motor Corporation of Japan. The factory is situated in South Dagon at the address below. The equity ratio is:-

    Suzuki Motor Corporation                                     :    70%

    Myanma Automobile Diesel Engine Industries    :    30%

It is now manufacturing the following vehicles on CKD basis:

    Wagon R+ Saloon Cars

    Carry Light Trucks

    Suzuki Motor Cycles

Address

    Myanmar Suzuki Motor Co., Ltd.

    Block No. 23, Plot No. 476C, Mogoke Street,

    Industrial Zone (1), Dagon Myo Thit (South)

    Yangon, Myanmar

    Telephone   :    059-1-951303 ~ 591305, 590529

    Fax             :    095-1-591302

    E-mail         :    msmc@mptmail.net.mm   

Myanmar Ekarat Transformer Co., Ltd

Myanmar Ekarat Transformer Co., Ltd. was established in 1999 under joint venture agreement between Myanma Machine Tools & Electrical Industries and Ekarat Engineering Public Co., Ltd, of Thailand. The equity ratio is:-

   Myanma Machine Tools & Electrical Industries      :    40%

   Ekarat Engineering Public Co., Ltd.                           :    60%

Its factory is now at the following address manufacturing transformers.

Address

   Myanmar Ekarat Transformer Co., Ltd.

   Industrial Zone (1), Dagon Myo Thit (South)

   Yangon, Myanmar

   Telephone    :    095-1-707073

Myanmar Matsushita Electric Works, Ltd.

Myanmar Matsushita Electric Works, Ltd. was established in 1999 with joint venture agreement between Myanma Machine Tools & Electrical Industries and Matsushita Electric Works, Ltd. and Kinsho Corporation of Japan. The equity ratio is as follow:-

    Matsushita Electric Works, Ltd. and Kinsho Corporation, Japan    :    70%

   Myanma Machine Tools & Electrical Industries                               :    30%

The factory is situated in the Myanma Machine Tools & Electrical Industries Compound, Hlaing Township and it has now started the production of wiring devices and other electrical construction materials. The joint venture company will also import and sell products, parts and softwares manufactured by Matsushita Electric Works., Ltd. or its affiliates. Part of the wiring devices will be exported.

Address

   Myanmar Matsushita Electric Works, Ltd.

   Parami Road , Hlaing Township, Yangon

   Telephone   :    095-1-651426

   Fax             :    095-1-662801

Myanmar Daewoo Electronics Co., Ltd.

Myanmar Daewoo Electronics Co., Ltd. was established in 1990 under joint venture agreement between Myanma Heavy Industries and Daewoo Electronics Co., Ltd. and Daewoo Corporation (Daewoo Group) of South Korea. The equity ratio is:-

   Daewoo Group                        :    55%

   Myanma Heavy Industries    :    45%

After the reorganization of the Ministry of Industry (2), Myanma Machine Tools & Electrical Industries (MTEI) became the partner company. Its factory is now at the following address manufacturing television sets, stereo radio cassettes, refrigerators, washing machines and other home appliances.

Address

   Myanmar Daewoo Electronics Co., Ltd.

   Block No. 23, Plot 476C, Mogoke Street,

   Industrial Zone No (1), Dagon Myo Thit (South)

   Yangon, Myanmar

   Telephone     :    095-1-706942, 706943, 706944,706945,706946,590958

   Fax               :    095-1-662870

   E-mail           :    mydeco@mptmail.net.mm

Myanmar Fritz Werner Industries Co., Ltd.

Myanmar Fritz Werner Industries Co., Ltd. was established in 1985 under the joint venture agreement between Myanma Heavy Industries and Fritz Werner Industrie -Ausrustungen GmbH of Germany. The equity ratio is :-

    Myanma Heavy Industries,  Ministry of Industry (2)    :    60%

    Fritz Werner Industrie- Ausrustungen GmbH                 :    40%

Myanma Agricultural Machinery Industries is now the partner enterprise in place of Myanma Heavy Industries.

Address

    Myanmar Fritz Werner Industries Co., Ltd.

    No. 6(b), Kaba Aye pagoda Road,

    Yankin Township, Yangon

    Telephone     :    095-1-662868, 662594

    Fax               :    095-1-665899