Nippon
Japan’s largest forwarder Nippon Express Co has launched a new subsidiary operation in Yangon.
The new subsidiary, Nittsu Logistics Myanmar Co, will be located in Thilawa Special Economic Zone, which is backed by the Japanese government.
A total of 47 companies have set up shop in the Thilwa SEZ from 13 countries, 24 of the firms are Japan-based.
Nittsu Logistics Myanmar will provide integrated logistics services, such as sea- and airfreight forwarding, customs clearance, domestic transportation, warehousing and moving services, Nippon Express said.
The company plans to build a new 56,800-square-foot logistics warehouse on the site by 2017.
Nippon Express created its first subsidiary, Nippon Express (Myanmar) Co, in Yangon in December 2014.
Nippon Express said it has established a cross-border network between Myanmar and neighbouring Thailand in preparation for the new $2.3 trillion common market, the Association of Southeast Asian Nations (ASEAN) Economic Community (AEC), which will formally launch in 2016.
“The Nippon Express Group will further expand its logistics network linking Myanmar to other ASEAN member countries to meet demand for logistics services, which is expected to grow further after the creation of the AEC,” the company said.
From: Myanmar Business Today