Nissan Motor Company CEO Carlos Ghosn met with Myanmar Vice President U Nyan Tun to express plans for local production starting in 2015. This meeting happened a month after receiving a state permit to build and distribute cars in the country.
According to Ghosn, the proposed plant will have a 10,000-unit capacity, and will be located in Bago, 80 km northeast of Yangon. The facility will be constructed and operated by Tan Chong Motors, and will initially create 300 jobs. The move of Nissan moving to Myanmar may replenish the automotive market in the country evaluated at 120,000 cars per year where most are used cars.
“We’ve been working with Nissan for almost 56 years. We actually complement each other very, very well. We have shown our commitment and have met their expectations,” said Tan Chong’s Senior Regional Director Dato’ Dr. Ang Bon Beng.
Carlos Ghosn added that the first Nissan that will be produced from the Bago Plant will be the Nissan Sunny sedan. This will be the first step in achieving a 30% share in Myanmar, one of the world’s newest automotive markets.