Yoma plans joint venture in Myanmar

YOMA Strategic Holdings has unveiled plans for a joint-venture company to build and operate a steel mesh products manufacturing plant in Yangon, Myanmar.

It has, through wholly owned Yoma Strategic Investment Ltd, entered into a new partnership with LCT Investment Holdings Pte Ltd and First Myanmar Investment Co Ltd to set up the Myanmar-incorporated joint venture.

"Submissions will be made to the relevant authorities in Myanmar for the purpose of the joint venture," said Yoma.