Loi Hein Company to build industrial zone

Published on Wednesday, 28 November 2012 21:34

A scene from Loi Hein's soft drink manufacturing factory (Photo - Marn Thu Shein/EMG)

A Myanmar company is eyeing foreign investors for an industrial zone on 3,000 acres of land between Yangon and Bago.

Dr. Sai San Htun, president of Loi Hein Company said they can start construction in two to three months if the Myanmar Investment Commission (MIC) grants them the permission.

The project will be an independent economic zone. San San Htun said at least two foreign companies have already shown interest.

The company, which is engaged in manufacturing, selling, distributing and marketing of products, will be focusing on the textile industry for the project.

“I don’t like to give job opportunities to my people in beer, cigarette or alcohol factories. I would like to make job opportunities in the textile industry,” he said.

The company also plans to invest real estate and property. Loihen’s current investments have reached US$100 million, and it intends to increase its investment to US$1 billion before 2025.

The company mainly produces soft drink, energy drink and purified drinking water. It changed the company’s strategy this year to compete with big foreign companies like Coca-Cola and Pepsi.