Limited Liability Partnership Set Up to Study Feasibility of Development at Thilawa Industrial Complex in Myanmar

May. 1. 2013
Marubeni Corporation
Mitsubishi Corporation
Sumitomo Corporation

Marubeni Corporation, Mitsubishi Corporation and Sumitomo Corporation have set up a limited liability partnership to carry out a feasibility study and an environmental impact assessment for the initial sector to be developed at the Thilawa Special Economic Zone in Myanmar. The three-company venture, registered on April 18 as MMST, has a paid-in capital of 294 million yen (equal sums contributed by each partner) and is headquartered in Tokyo’s Chiyoda district.

The area designated the Thilawa Special Economic Zone by the Myanmar government covers some 2,400 hectares of land and is located approximately 20 km south of Yangon. As part of plans to develop the area, the three companies started a joint feasibility study in the summer of 2012 to look into investing in the initial 420-hectare section of the property (Class A Area) slated for development. The partners therefore set up the limited liability partnership to serve as the business entity responsible for completing the feasibility study and conducting an environmental impact assessment - critical to the execution of proper feasibility evaluation. The environmental impact assessment is slated for completion during the autumn of this year.

Once developed, the industrial complex will serve as an entry point for Japanese and other foreign companies seeking to invest in Myanmar, thereby contributing to the country’s industrialization and economic development. Through the limited liability partnership, the three companies will keep a keen eye on developments in Myanmar and will base their investment decision on the likely impact of the complex on the local environment and the Myanmar government’s approach to the relocation of citizens currently occupying the property.

< Reference Information >

A. Location of the Thilawa Special Economic Zone

  • Location of the Thilawa Special Economic Zone

B. Company Outlines

1. Marubeni Corporation

(1) Headquarters : 1-4-2 Otemachi, Chiyoda-ku, Tokyo, 100-8088 Japan
(2) Business Activities : Through its local and international network, Marubeni Corporation provides products and services in a broad range of sectors, encompassing import and export as well as transactions in the Japanese market, related to food materials, food products, textiles, materials, pulp and paper, chemicals, energy, metals, machinery, finance logistics, information technology, infrastructure development and a range of other fields, including resources development and investments on a global level.
(3) Representative : Fumiya Kokubu, President and CEO, Director
(4) Founded : December 1, 1949
(5) No. of Employees : 32,445 (consolidated, as of September 30, 2012)

2. Mitsubishi Corporation

(1) Headquarters : 2-3-1 Marunouchi, Chiyoda-ku, Tokyo, 100-8086 Japan
(2) Business Activities : Mitsubishi Corporation has six Business Groups which develop operations in the diverse fields of Industrial Finance, Logistics & Development, Energy, Metals, Machinery, Chemicals and Living Essentials. In addition to these Business Groups, Mitsubishi Corporation has also recently established the Business Service Group and Global Environment & Infrastructure Business Development Group.
(3) Representative : Ken Kobayashi, President and CEO
(4) Founded : April 1, 1950
(5) No. of Employees : 65,289 (consolidated, as of September 30, 2012)

3. Sumitomo Corporation

(1) Headquarters : 1-8-11 Harumi, Chuo-ku, Tokyo, 104-8610 Japan
(2) Business Activities : Engage in multifaceted business activities benefitting from our Integrated Corporate Strength, selling a variety of domestic products and services, conducting import/ export and trilateral business transactions, providing domestic and international business investment, and participating in numerous other profitable activities facilitated by our global network and the relationships of trust built with corporate business partners and consumers in various industrial sectors around the world.
(3) Representative : Kuniharu Nakamura, President and CEO
(4) Founded : December 24, 1919
(5) No. of Employees : 71,087 (consolidated, as of September 30, 2012)

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