- Criticisms hit mall’s construction near sacred pagoda
- Import cargo services to be privatized in Yangon International Airport
- Myanmar to form “trade facilitation” force
- Myanmar Microfinance Bank to be launched
- Myanmar-US Chamber of Commerce established during President’s US trip
- KIA opens first-ever showroom in Yangon
- Myanmar Oil & Gas Summit to be held in June
- Panasonic eyeing to open a branch in Yangon
- Thailand’s PTT plans to open filling stations in Myanmar
- Border trade resumes in Rakhine State after "Mahasen"
Published on Wednesday, 07 November 2012 17:54
A Norwegian paint company will set up a plant in Myanmar, according to officials of the firm.
Jotun Paint expects to complete construction of the US$20-million plant in five years, Peder Bohlin, Southeast Asia director of the company, said in Yangon on November 5.
“There are a lot of tech firms in Norway. They are interested to come here to invest. It’s a very interesting place,” he said.
Norway was the first European country to lift economic sanctions against Myanmar.
According to Jotun Paint’s president and chief executive officer, Morten Fon, the company holds 65 per cent of Norway’s paint market.