TAN CHONG MOTOR (MYANMAR) AND APM AUTO COMPONENTS MYANMAR SIGNS LAND LEASE AGREEMENTS WITH BAGO REGIONAL GOVERNMENT
BAGO, 17 February 2016 – This date marked another milestone for Tan Chong Motor Holdings Berhad and APM Automotive Holdings Berhad with the signing of a land lease agreements with the Bago Regional Government today.
This milestone will see Tan Chong Motor (Myanmar) (TCMM) and APM Auto Components Myanmar (APMAC) building and operating a vehicle assembly plant and auto components manufacturing plants in the Bago region respectively.
In his speech, TCMM’s Chairman, Y. Bhg. Dato’ Cheah Sam Kip said “With the assembly of vehicles and auto components manufacturing done locally, we are confident that it would facilitate the Myanmar Government’s efforts in enhancing its new automotive policy.”
“We are excited at the prospects that our plants in Bago will have in boosting the GDP growth of Myanmar and to see the uplifting of the local economy and the prosperity of its peoples. A stronger and more resilient economy will, in our view, attract more foreign direct investments (FDI) which will spur an economic growth with more industries choosing Myanmar as a new investment destination”, he added.
This momentous ceremony was attended by senior executives from Tan Chong, APM and Nissan Motor together with H.E. U Nyan Win, Chief Minister of Bago along with Bago Regional Government officials and H.E. Mr Mohd Haniff Abdul Rahman, Ambassador of Malaysia to the Republic of the Union of Myanmar.
Exchange of Agreements between Tan Chong Motor (Myanmar) Co. Ltd.’s Managing Director, Mr Choo Hong Chow and Bago Regional Government’s State Secretary, U Toe Win
“Nissan and Tan Chong, working together, will bring skills, training and knowledge-sharing to this region. When we start our production here, our partnership will be a metaphor for the opening up of Myanmar”, said Mr Kenji Naito, Senior Vice President of Nissan Motor Asia Pacific.
Exchange of Agreements between APM Auto Components Myanmar Co. Ltd.’s Director, Mr Tony Siow Tiang Sae and Bago Regional Government’s State Secretary, U Toe Win
In August 2013, Myanmar Investment Commission (MIC) had awarded licenses to both TCMM and APMAC to assemble and market Nissan vehicles; and to manufacture auto components in Myanmar respectively.
H.E. U Nyan Win presenting a token of appreciation to Dato’ Cheah Sam Kip, Chairman of Tan Chong Motor Myanmar Co. Ltd.,
In August 2013, Myanmar Investment Commission (MIC) had awarded licenses to both TCMM and APMAC to assemble and market Nissan vehicles; and to manufacture auto components in Myanmar respectively.
Group Photo after the Signing Ceremony.
From Left to Right:
- Mr. Tony Siow Tiang Sae, Director, APMAC
- Mr. Thambirajah Marimuthu, Deputy General Manager, TCMM
- Ms. Yoshie Motohiro, Deputy General Manager, NML
- Mr. Choo Hong Chow, Managing Director, TCMM
- Mr. Kenji Naito, Senior Vice President, NMAP
- Dato’ Dr. Ang Bon Beng, Senior Regional Director, ETCM Indochina
- H.E. Mr Mohd Haniff Abdul Rahman, Ambassador of Malaysia to the Republic of the Union of Myanmar.
- H.E. U Nyan Win, Chief Minister of Bago
- Dato’ Cheah Sam Kip, Chairman, TCMM
- Colonel Khin Maung Htay, Minister, Security and Progress of Border areas, Bago Regional Government
- U Kyaw Myint, Minister, National Planning and Economic Development, Bago Regional Government
- U Baby Ohn, Minister, Electric Power and Industry, Bago Regional Government
- U Kyaw Htay, Minister, Timber and Mineral Resources, Bago Regional Government
- U Saw Jubali San Hla, Minister, National Races Development Affairs, Bago Regional Government
- U Toe Win, State Secretary of Bago Regional Government
- U Myint Aung, Attorney General, Bago Regional Attorney General’s Office
TAN CHONG MOTOR (MYANMAR) AND APM AUTO COMPONENTS MYANMAR SIGNS LAND LEASE AGREEMENTS WITH BAGO REGIONAL GOVERNMENT
