Thai industrial estate developer Amata to expand into Myanmar

Bangkok

AMATA Corp Pcl, Thailand's biggest developer of industrial estates, aims to expand into Myanmar by 2020 to capitalise on rising foreign investment in the country.

The company is counting on new markets after suffering a slowdown in its home market. It reported a 45 per cent drop in first-half revenue earlier this month as a slowing Thai economy dampened sales of industrial lands and factories, but said on Monday that it expected revenue to rebound in the second half.