Nissin Electrics of Japan are building a new plant in Myanmar, which will shift some of their production from factories in Vietnam and Thailand, in an effort to cut labour costs. Nissin Electrics manufacture gas insulated switchgears, capacitors, transformers, instrument transformers and medium-low voltage metal enclosed equipment. Bangkok Post reports that the company announced it will form a joint venture with Hosoda Holdings, a Japanese trader acting as Nissin’s sales agent for the Myanmar market, in the Thilawa Special Economic Zone on the outskirts of Yangon in June, with plant operations scheduled to start in March 2020.
Visit link:
Japan’s Nissin Electric moves production to Myanmar from Thailand
Keine Kommentare
There are currently no comments on Japan’s Nissin Electric moves production to Myanmar from Thailand. Perhaps you would like to add one of your own?