Mitsubishi Corportion Establishes Nay Pyi Taw Office, Myanmar
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Mitsubishi Corportion Establishes Nay Pyi Taw Office, Myanmar - JCN Newswire
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Mitsubishi Corportion Establishes Nay Pyi Taw Office, Myanmar

Tokyo, Aug 21, 2012 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce that it will establish a new office in Nay Pyi Daw, the capital city of Republic of the Union of Myanmar (Myanmar), on 1st September 2012.

Myanmar is rich in natural resources, and has the geographical advantage of sharing a border with China, India and other ASEAN countries. Its population of approximately 62 million forms a basis for further industrial development and carries high potential as a consumer market.

Democratization picked up pace in Myanmar during the course of last year and, since then, several countries have been removing existing economic sanctions. Consequently, rapid government-led infrastructural development, including power generation, telecommunications services, airports and road construction, is expected to take place on the basis of international support.

Since the establishment of an office in Yangon in 1954, MC has maintained a presence in Myanmar, thereby contributing to the local economy through the trading of a range of products such as fibers, food provisions, steel and machinery. By establishing the Nay Pyi Taw Office, MC will strengthen its information gathering function, together with the Yangon Office. With the two Offices, MC aims to further contribute to Myanmar's industrial development and sustainable growth, by focusing on infrastructure development projects, which will be funded through international yen loans and other sources.

Outline of Nay Pyi Taw Office

1. Official Name: Mitsubishi Corporation Nay Pyi Taw Office
2. Address: No. 129, Thiri Yadanar Shopping Complex, Nay Pyi Taw
NB: Operations will be carried out at the Aureum Place Hotel Office area until the end of September, 2012.
3. Representative: General Manager, Mitsuo Ido (concurrent; General Manager of Mitsubishi Corporation Yangon Office.)

About Mitsubishi Corporation

Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.

Contact:

Mitsubishi Corporation
Telephone: +81-3-3210-2171
Facsimile: +81-3-5252-7705
 


Aug 21, 2012
Source: Mitsubishi Corporation

Mitsubishi Corporation (TSE: 8058) (FTSE: MBC)

From the Japan Corporate News Network
http://www.japancorp.net
Topic: Establishment of New Branch
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