Myanmar: Loi Hein to invest $23.5m; Airport project award by 2017
Myanmar’s beverage manufacturer, Loi Hein – in a joint venture with Japan’s Toyo Seikan Co Ltd – has set up steel cans production unit in the country. Meanwhile, the concession agreement for the Hanthawaddy International Airport project is expected to be signed in December 2016. Loi Hein to start ops for $23.5 m can manufacturing Myanmar’s based beverage manufacturer, Loi Hein has received approval, in July, for a 23.5 million investment. The company will be set up a steel can manufacturing unit as a joint venture with Japan’s Toyo Seikan Co Ltd – a subsidiary of Toyo Seikan Group Holding. The new JV company named, Yangon Can Manufacturing Co Ltd plans to produce about 200 million steel cans per year, said Dr Sai Sam Htun, executive chairman of Loi Hein Co Ltd. The factory will be located in Thilawa SEZ.
