Japan-backed special economic zone in Thilawa gets 1st investors

[DagonKhan]

Kyodo News International June 7, 2014 12:02am

Japan-backed special economic zone in Myanmar gets 1st investors

A Japan-funded special economic zone project in Myanmar received its first investors Friday as U.S. firm Ball Corp. and a Japanese auto-parts maker signed contracts to set up manufacturing plants.

In a ceremony at a hotel in Myanmar's commercial city Yangon, the U.S. beverage container maker Ball signed the first lease contract to set up businesses in the Thilawa Special Economic Zone, a Japanese-funded redevelopment project near Yangon.

Ball plans to invest $40 million in building a beverage can plant at Thilawa SEZ to supply Coca Cola Co.'s Myanmar joint venture firm Coca Cola Pinya Beverages and several other local, regional and multinational customers, according to the company.

Continues here:- http://www.globalpost.com/dispatch/news/kyodo-news-international/140606/japan-backed-special-economic-zone-myanmar-gets-1st-in