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SC AUTO, a Singapore company that designs and manufactures buses, said on Monday that it is setting up a S$30 million facility in Yangon, Myanmar.
The 16,000 square metre facility is slated to begin production in Q4 2018. It will enable SC Auto to increase its production by four times, and cater to demands of both Myanmar and the region.
This marks SC Auto's first foray overseas after focusing operations in Singapore for over 20 years.
It also makes the company the first foreign bus manufacturer in Myanmar, according to International Enterprise (IE) Singapore, which is supporting SC Auto's foray into Myanmar.