Tokyo, September 2, 2013 — Fuji Electric Co., Ltd. (TSE: 6504) announced today that it has established a branch office in the city of Yangon, Republic of the Union of Myanmar.
Myanmar is presently in process of developing large-scale special economic zones, and the construction of public infrastructure along with capital investment by foreign corporations, including Japanese companies, is expected to pick up in the future. Fuji Electric has been supplying various products including Electric Substation Equipment to Myanmar since the 1980s. As recently announced in its Medium-Term Management Plan, Fuji Electric intends to boost sales by capitalizing on demand for social and industrial infrastructure in Asia, which it has positioned as a key market. By establishing this branch office in Myanmar, Fuji Electric is aiming to expand its business while contributing to the country’s economic development going forward.
2. Main Business Activities
- Collect and distribution of information on market trends, infrastructure investment plans, and other matters
- Build relationships with Japanese companies such as trading companies and manufacturers in Myanmar, as well as subcontractors, construction companies, and local customers
- Local support of sales promotion for Fuji Electric and its Asian subsidiaries
3. Overview of the Branch Office
Office name: Fuji Electric Co., Ltd. (Myanmar Branch Office)
Address: Room 403, Yuzana Hotel, 130 Shwe Gon Taing Road, Bahan Township, Yangon, Myanmar
Representative: Kenichi Okubo
Date of establishment: July 26, 2013 (date of registration completed)
Commencement of operations: September 1, 2013
Public Relations and Investor Relations Department
President's Office, Fuji Electric Co., Ltd.