Singapore bus maker SC Auto sets up S$30m factory in Myanmar
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
GM CEO Barra compensation fell 4% in 2023 to US$27.8 million
Boeing reports first revenue drop in 7 quarters as deliveries decline
Volkswagen to keep China market share stable as price war rages
COE quota for May-July up 2.7%; passenger car categories rise despite less cut-and-fill
Tesla profits tumble but shares rise on new vehicle plan
Volvo Cars see good demand this year after higher Q1 unit sales