ASEAN’s largest packaging firm to start Thilawa operations next year
ASEAN’s largest packaging firm to start Thilawa operations next year
Myanmar Times, 09 Oct 2017
URL: https://www.mmtimes.com/news/aseans-largest-packaging-firm-start-thilawa-operations-next-year.html
Kian Joo Group, the largest packaging business in ASEAN, is investing in a packaging plant in the Thilawa Special Economic Zone (SEZ). Construction of the plant is expected to be complete by the first quarter of next year.
Malaysia-based Kian Joo is one of the biggest can manufacturers within ASEAN, manufacturing a wide range of products and providing packaging services. The group has manufacturing facilities in Malaysia and Vietnam, with its international procurement and marketing centre in Singapore. Kian Joo first expanded into Thilawa in early 2015.
The company set up Kianjoo Can Myanmar (KJMM) and Boxpak Myanmar (BPMM) with an initial capital of US$16 million and $7.5 million respectively for the Thilawa project. The total investment cost is expected to amount to $75 million for KJMM and $38 million for BPMM.
At a time of rising demand and promising growth prospects in Myanmar, KJMM will manufacture tin cans, aluminum cans, carry out original equipment manufacturing and packing of beverages and milk powder, while BPMM will produce carton boxes.
Malaysia-based Kian Joo is one of the biggest can manufacturers within ASEAN, manufacturing a wide range of products and providing packaging services. The group has manufacturing facilities in Malaysia and Vietnam, with its international procurement and marketing centre in Singapore. Kian Joo first expanded into Thilawa in early 2015.
The company set up Kianjoo Can Myanmar (KJMM) and Boxpak Myanmar (BPMM) with an initial capital of US$16 million and $7.5 million respectively for the Thilawa project. The total investment cost is expected to amount to $75 million for KJMM and $38 million for BPMM.
At a time of rising demand and promising growth prospects in Myanmar, KJMM will manufacture tin cans, aluminum cans, carry out original equipment manufacturing and packing of beverages and milk powder, while BPMM will produce carton boxes.