(MENAFN) Japanese automaker Suzuki plans to invest tens of millions of dollars to build a second plant in Myanmar, aiming to make faster inroads in the country's growing market, The Peninsula Qatar reported.
The small-car market has already secured around 20-hectare (50-acre) plot at the Thilawa special economic zone southeast of Yangon for the new plant, the Nikkei business daily said.
Construction is predicted to start later this year, with the facility scheduled to come online by 2017. Suzuki is expected to invest some billion dollars and hire around 300 employees.
The firm resumed production there in 2013 after the democratization process began and now churns out some 150 of its Carry mini-trucks a month at the country's only car factory.
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