- Japanese Prime Minister attends Myanmar-Japan Economic Forum
- ACE Group to open representative office in Yangon
- EU not allows Chinese grasshoppers exploiting GSP for Myanmar
- Service centre for BMW cars to be opened in Yangon
- Sumitomo, NEC, NTT to build telecom network in Myanmar
- Italian-Thai’s hydropower project in lower Myanmar allegedly stops
- Swiss Upper House Speaker paves the way for Swiss investments in Myanmar
- Myanmar spends US$300m annually for palm oil imports
- First Central Cooperatives Business Center to be opened in June
- Wood, finished-wood products export gets exemption from custom check
Published on Wednesday, 07 November 2012 17:54
A Norwegian paint company will set up a plant in Myanmar, according to officials of the firm.
Jotun Paint expects to complete construction of the US$20-million plant in five years, Peder Bohlin, Southeast Asia director of the company, said in Yangon on November 5.
“There are a lot of tech firms in Norway. They are interested to come here to invest. It’s a very interesting place,” he said.
Norway was the first European country to lift economic sanctions against Myanmar.
According to Jotun Paint’s president and chief executive officer, Morten Fon, the company holds 65 per cent of Norway’s paint market.