OREANDA-NEWS. Mitsui & Co., Ltd. is pleased to announce that it will start automobile service workshop business in Myanmar in collaboration with SCG Trading Co., Ltd. which is a 100% subsidiary of Siam Cement Group, one of the leading industrial groups in Thailand. Mitsui and SCGT established the investment company SCGT Automobile Co., Ltd. and SCA established a joint venture company Mingalar Motor Co., Ltd. with Oriental Apex Car Sales & Services. The new service shop will inaugurate and start operation in September 2014.

The number of registered vehicles in Myanmar is said to be about 400 thousand units. The vehicle market consists mainly of used vehicles, and the demand for high quality after service is increasing day by day. Additionally with an increase in population up to 60 Million, liberalization and rapid growth in the new car sales market are expected in the near future. In this context, Mitsui would like to get into this market through this project.

Mitsui began conducting business ahead of other companies in Myanmar. The number of investment projects being done by Mitsui in Myanmar in the1990's was the highest among Japanese companies. In 2012, Mitsui resumed exportation of rice from Myanmar. Mitsui will keep contributing to the development of Myanmar through valuable business, including this new automotive project.