Toshiba Celebrates Opening of Yangon Branch Office in Myanmar
YANGON, Myanmar & TOKYO -- July 3, 2013
Toshiba Corporation (TOKYO:6502) today announced that its Singapore-based
subsidiary, Toshiba Asia Pacific Pte.,Ltd., has celebrated the opening of a
branch office in Yangon in the Republic of the Union of Myanmar, with an
opening ceremony attended by the Chief Minister of the Yangon Region
Government, Mr. Myint Swe, and other honored guests.
Separately, Toshiba Corporation today announced that it has, with KDDI
Corporation, won an order from Daiwa Institute of Research Ltd. to supply a
compact, energy-efficient modular data center for the securities exchange
system in Myanmar. The securities exchange will be opened by the Daiwa
Institute of Research and Central Bank of Myanmar in Yangon.
"Toshiba is delighted to make this new step forward in Myanmar" said Mr.
Hidejiro Shimomitsu, Corporate Senior Executive Vice President of Toshiba
Corporation. "We hope to contribute to Myanmar's development across our
product lines, from infrastructure solutions to home electronics. Our home
appliance business in Myanmar started since the 1980s via distributors and our
automatic washing machines are still the most popular brand in Myanmar.
Toshiba will fully leverage our technological progress and leading edge
product capabilities to offer people a better future."
"Toshiba can support providing stable power generation and transmission
solutions that provide the backbone for economic growth for Myanmar" said Mr.
Tetsuya Yoneda, the chief representative of the Yangon Branch Office.
"Currently, in Myanmar, the power distribution per population is still limited
to 25%, and this is planned to be expanded in the coming years. Toshiba has
supplied equipment for Sedawgyi hydropower plant in 1985, and we aim to
contribute more to the country infrastructure."
The Myanmar economy is expected to grow as the government promotes economic
deregulation and attracts inward direct investment. Ensuring sustained growth
will require broad investments in social infrastructure, including power
generation and distribution, and Toshiba's Yangon Branch Office will
investigate the market and promote business in social infrastructure and other
areas, such as consumer products.
The new office will allow Toshiba to establish a stronger presence in the
country and to support Myanmar's economic development.
Toshiba is a world-leading diversified manufacturer, solutions provider and
marketer of advanced electronic and electrical products and systems. Toshiba
Group brings innovation and imagination to a wide range of businesses: digital
products, including LCD TVs, notebook PCs, retail solutions and MFPs;
electronic devices, including semiconductors, storage products and materials;
industrial and social infrastructure systems, including power generation
systems, smart community solutions, medical systems and escalators &
elevators; and home appliances.
Toshiba was founded in 1875, and today operates a global network of more than
590 consolidated companies, with 206,000 employees worldwide and annual sales
surpassing 5.8 trillion yen (US$61 billion). Visit Toshiba's web site at
Corporate Communications Office
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