Ryobi Myanmar opened the biggest warehouse in Thilawa Special Economic Zone covering 36,000 square meters

Ryobi Myanmar, fully foreigner owed by a Japanese company, opened a warehouse with the land area of 36,000 square meters making it the largest warehouse in the country, at Zone A of Thilawa Special Economic Zone in Yangon on June 12.

The company that founded Ryobi Myanmar is operating a warehouse service and distribution service, and invested $29.7 billion was used for building the warehouse in Thilawa SEZ. 

“I believe opening the largest warehouse in Myanmar will help the economic development not only of Yangon Region but also of the whole country. To grow the economy, it is not enough only with production. It is also important to have a well-established storage and distribution system to store goods for distribution,’’ U Myint Thaung, Minister of Planning and Finance, said. 

The warehouse is equipped with machines which will maintain the required storage temperature. Moreover, to prevent any inadvertent losses, it includes a power backup system to provide electricity around the clock in case of power outages. 

“Via ODA loans, our Japanese government is helping Myanmar to have improved infrastructure which is necessary for the country’s economic development. ODA and Japanese companies invest here. When these investments are stronger, we believe they will help Myanmar’s economic development. We will encourage Japanese Businessmen to invest more,” Mr. Ichiro Maruyama, Japanese Ambassador to Myanmar, said. 

The two-story warehouse is big enough for 20 trucks unloading or loading at once. The construction process of the warehouse started in February 2017, and finish in early June this year. 

(Myanmar Business Today: https://www.mmbiztoday.com/articles/ryobi-myanmar-opens-biggest-warehouse-thilawa-sez )

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