September 21, 2013
Nissan on the Move in Myanmar
Sept. 20 – Nay Pyi Taw, Myanmar – Nissan Motor Company CEO Carlos Ghosn arrived in Myanmar on Friday, announcing plans for local production from 2015.
Ghosn met Myanmar Vice President U Nyan Tun at his office in capital city Nay Pyi Taw, a month after receiving state permission to build and distribute cars in the nation.
“I’m very proud to say Nissan is the first car manufacturer to have the agreement from the Myanmar government to build this facility in partnership with Tan Chong Motors,” said Ghosn.
“This is the first step. It’s a very important one. As you know, today the market in Myanmar is evaluated at 120,000 cars a year, practically all of them being used cars.”
At a press conference, Ghosn detailed plans for a 10,000-unit capacity plant in Bago, 80 kilometers (50 miles) northeast of Yangon, initially creating 300 jobs. The facility will be constructed and operated by Tan Chong.
“We’ve been working with Nissan for almost 56 years. We actually complement each other very, very well. We have shown our commitment and have met their expectations,” said Tan Chong’s Senior Regional Director Dato’ Dr. Ang Bon Beng.
“Myanmar should offer us another opportunity.”
Ghosn said the first made-in-Myanmar Nissan will be the popular Sunny sedan, a first step towards achieving a 30% share in one of the world’s newest auto markets.