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 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.