Published on Monday, 26 November 2012 06:42
Workers are preparing plastic bags to be put into the paper box. (Photo-EMG)
Lucky Bag plastic enterprise of Myanmar will start exporting HDPE kind of thin, soft plastic to Japan at the end of this month, managing director Hla Win said.
The polyethylene will be exported to Japan, which will be used in making kitchen wares. Only the product, without the logo, will be exported to Japan.
The move came after an agreement between the Myanmar company and some Japanese companies a few months ago. Some Japanese companies discussed plastic exports with the Myanmar company about a year ago.
“Three to four Japanese companies had held discussions with us. Shopping bags and large bags will be exported to Japan later. We have sent samples three times and they liked it and agreed for it to be sent at the end of this month. Only plastic bags without logo will be sent and then Japan will stick its logo on them and they will be locally sold,” the managing director said.
The Lucky Bag company will start exporting 13 tonnes of plastic. Malaysia, China and Vietnam are now exporting plastic to Japan. Therefore, Myanmar’s plastic is likely to be competing with these countries.
“We aim to explore the export market. If plastic export is convenient, it can do good things for plastic businessmen and provide employment as well. We hope we will achieve success in our enterprise, but we have problems with regular power supply. The plastic quality depends a lot on power,” the managing director added.
The plastic will have to be exported to Japan and will not be permitted for local sales.
Business Latest News
- Myanmar seizes illegal goods worth Ks 3 billion
- Joint venture to invest Ks 32 billion in stock exchange
- Yangon Stock Exchange to open in two years - Deputy Minister
- Chinese companies to invest in various industrial projects
- Myanmar calls to end illegal timber trade with China
- Myanmar urges China to invest in Kyauk Phyu SEZ
- Six foreign companies receive approval for manufacturing and wood factories
- South Africa interests to invest in Myanmar
- Japan, South Korea propose to import transit buses
- Cambodian private bank has eyes on Myanmar