Japanese automaker Suzuki Motor has announced that its subsidiary in Myanmar, Suzuki Thilawa Motor, will build a new automobile plant in the country.
Estimated to cost nearly JPY12bn ($108m), the new plant will conduct operations such as welding, painting and assembly of automobiles, with an annual capacity to produce 40,000 units.
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The plant is expected to begin operations from next September and will be located in an industrial park in the Thilawa Special Economic Zone, southeast of Yangon.
While the allocated land area is about 200,000m², the building area is expected to be nearly 4,000m².
With the construction of the new plant, Suzuki expects to meet the automobile market needs in the country, which are project to expand further in the coming years.
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Suzuki has been operating in Myanmar since 1998 by establishing a joint venture and starting local production of motorcycles and automobiles from 1999. At present, there are two plants in the country producing a total of four models, Carry, Ciaz, Ertiga and Swift.
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By GlobalDataLast year, the company claims to have produced 13,300 units and sold 13,206 units with a market share of 60.3%.
In January 2019, Suzuki announced that its Indian subsidiary Suzuki Motor Gujarat had completed the construction of its Gujarat Plant No.2 and started producing its Swift model.
While the Plant No.1, which started production in February 2017, produces Baleno and Swift models, the plant No.2 produces Swift.
Both the plants have an annual capacity of 250,000 units each. Together with Maruti Suzuki’s production capacity of 1.5 million units, the two plants add to this capacity, taking its capacity in India to two million units.
The company also announced its plans to open Plant No.3 this year, to meet the demand for automobiles in India.
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Image: Suzuki’s Swift model. (Credit: Maruti Suzuki India Limited.)
