Chinese firm JV with local firm to modify paper factory into garment factory in Bago

News Tags: Bago region, Chinese firm, garment factory, jobs, Lat War, Ministry of Industry in Yedashe Township, Myanmar Investment Commission, rental basis, Sumec Textile, Yaene paper factory

Bago
Chinese firm JV with local firm to modify paper factory into garment factory in
Summary: 
Sumec Textile & Light Co Ltd, the Chinese firm in cooperation with local firm Lat War to take the former Yaene paper factory on rental basis to set up a garment factory which will give jobs to thousands of people in Bago region.

Sumec Textile & Light Co Ltd, the Chinese firm in cooperation with local firm Lat War to take the former Yaene paper factory on rental basis to set up a garment factory which will give jobs to thousands of people in Bago region.
 
The paper factory will be taken on rent from the Ministry of Industry in Yedashe Township, Bago, Dr Khin Maung Aye, the managing director of Lat War Garment Company. This project will involve a total investment of around US$20 million (Ks 19.46 billion).
 

http://www.elevenmyanmar.com/index.php?option=com_content&view=article&id=7159:chinese-firm-and-local-company-to-build-garment-factory-in-bago&catid=33:business&Itemid=356
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