The last couple of days has been all about factory shutdowns due to the global pandemic and all kinds of bad news for the auto industry. Today, however, there's a bit of good news from Suzuki in South East Asia.
The Japanese automaker has just announced that they are building a new automobile factory in Myanmar to meet the growing demand there. The new factory will be built by the company's subsidiary, Suzuki Thilawa Motor Company, and will be tasked with the welding, painting, and final assembly of Suzuki automobile products.
Myanmar is a growing market that Suzuki has an extremely strong presence. They've been in Myanmar since 1998, and have produced cars and bikes there since 1999. The result is that the company has a commanding 60.3% market share with 13,206 units sold in 2019.
The new factory will occupy a 200,000 square meter lot in a special economic zone in Yangon and will have a production capacity of 40,000 units per year. The factory is expected to be operational by September 2021 and was designed to meet the growing needs of the Myanmar market.
Suzuki has two other factories in Myanmar for automobiles, and they produce the Carry, Ciaz, Ertiga, and Swift.
In the Philippines, Suzuki produces motorcycles only. All their automobiles are imported units from various factories in the ASEAN region, as well as Japan.
Suzuki hasn't built an automobile factory in the Philippines, despite local volume exceeding that of their counterpart in Myanmar. In 2019, Suzuki Philippines sold 23,919 units; almost 10,713 more than their Myanmar sales.