Nissan, Tan Chong to assemble vehicles in Myanmar

Nissan Motor Co., Ltd., and Tan Chong Group today jointly announced the approval of a license to manufacture and distribute Nissan vehicles in Myanmar. The application was approved by the Myanmar Investment Commission on 15 August 2013, and grants Tan Chong Motor (Myanmar) Co., Ltd, the rights to assemble and distribute Nissan vehicles locally. With this approval, the Tan Chong Group will embark on a three-year project to build a local manufacturing facility in the industrial area of the Bago region. With the capacity to produce over 10,000 units per year at full production, the new plant will initially employ 300 workers and start manufacturing the Nissan Sunny in 2015. “This approval represents a key milestone in our global growth plan and is a clear demonstration of our commitment to “Mobility for All\". We are confident that Myanmar will be an important economic engine for the region and are committed to help develop its automotive industry,\" said Carlos Ghosn, President and Chief Executive Officer of Nissan Motor Co., Ltd. “We are confident that Myanmar will be the next growth driver for the Indo-China region. Together with Nissan, our extensive experience in the manufacturing and distribution of Nissan vehicles will contribute towards the expansion of the Nissan brand in Myanmar. Moreover, the industry leading expertise and experience of both Nissan and the Tan Chong Group in the automotive sector will definitely assist the further growth of this country,\" said Tan Chong Group Executive Deputy Chairman, Dato\' Tan Heng Chew. The project, an 80 acre (324,000 m2) state-of-the-art industrial complex, will be the largest automobile manufacturing site in the country and the first in the Bago region. The plant will be constructed and operated by Tan Chong Motor (Myanmar) Co., Ltd. About Nissan Motor Co. Nissan Motor Co., Ltd., Japan\'s second-largest automotive company, is headquartered in Yokohama, Japan, and is part of the Renault-Nissan Alliance. Operating with approximately 236,000 employees globally, Nissan sold more than 4.9 million vehicles and generated revenue of 9.6 trillion yen (USD 116.16 billion) in fiscal 2012. Nissan delivers a comprehensive range of more than 60 models under the Nissan and Infiniti brands. In 2010, Nissan introduced the Nissan LEAF, and continues to lead in zero-emission mobility. The LEAF, the first mass-market, pure-electric vehicle launched globally, is now the best-selling EV in history. About the Tan Chong Group Tan Chong Group is principally involved in the assembly and distribution of motor vehicles, provision of after sales services and related financial services such as hire-purchase, leasing, and insurance agency. Tan Chong Group is the sole and exclusive distributor for NISSAN vehicles in Malaysia, Singapore, Vietnam, Cambodia, Laos and Myanmar. Source: Nissan