Update Regarding Mitsubishi Motors Initiatives in Myanmar
Tokyo, Dec 12, 2013 - (JCN Newswire) - Mitsubishi Motors Corporation (MMC),
Mitsubishi Corporation (MC), Yoma Strategic Holdings Ltd (YSH) and First
Myanmar Investment Co., Ltd (FMI) have been working together on building a
service structure for inspection, maintenance, and repair of MMC brand vehicles
in the Republic of the Union of Myanmar (Myanmar), following Myanmar's
recent deregulation of automobile importation and in consideration of the many
MMC brand vehicles already on the road there, distributed mainly through the
country's used car market.
As a part of these efforts, a second After-Sales Service Center was
established on December 5 in Mandalay.
By establishing the second After-Sales Service Center located in Mandalay
following the one established in Yangon this May, services for almost 80% of
MMC-brand vehicles currently on the road in Myanmar will be covered. Expanding
the after-sales service structure using MMC know-how will contribute to
strengthening MMC's brand image prior to commencement of its new car
As part of initiatives towards the Myanmar market, MMC announced its intention
in October to commence new car sales in Myanmar. Now MMC, MC, YSH and FMI are
under discussions regarding establishment of a joint venture for new vehicle
sales and after-sales service in preparation for an expected rapid development
and growth of the economy as well as the automobile market in Myanmar.
In addition to the aforementioned new vehicle sales and after-sales service
business, MMC, MC, YSH and FMI are discussing additional possibilities for
mutual cooperation in Myanmar in the future, including local production.
About Mitsubishi Corporation
Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business
enterprise that develops and operates businesses across virtually every
industry including industrial finance, energy, metals, machinery, chemicals,
foods, and environmental business. MC's current activities are expanding
far beyond its traditional trading operations as its diverse business ranges
from natural resources development to investment in retail business,
infrastructure, financial products and manufacturing of industrial goods. With
over 200 bases of operations in approximately 80 countries worldwide and a
network of over 500 group companies, MC employs a multinational workforce of
nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.
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