Posts in category: MANUFACTURING

Foreign direct investments of more than US$81.7 million were pumped into Myanmar’s manufacturing sector from 25 enterprises in the first half of the current financial year 2024-2025, beginning 1 April, as per the statistics released by the Directorate of Investment and Company Administration (DICA).
Chinese companies primarily made investments in the manufacturing sector. The manufacturing enterprises that need a large labour force are prioritized to create job opportunities for the locals.
The Myanmar Investment Commission gave the green light to 30 foreign projects from seven countries (China, Chinese (Taipei), Hong Kong SAR, India, Indonesia, Singapore and Thailand) to make investments of $223 million in the past six months, adding increased capital by the existing enterprises.
The Transport and Communication sector pulled $87.7 million with the capital expansion of $82.66 million this FY. The manufacturing sector drew $81.225 million, and the services sector received $44 million. The power sector brought in an FDI of $8.5 million, while investments of less than one million flowed into the agriculture sector respectively.
Singapore stood as the largest foreign investor in Myanmar, with $87.74 million of FDI in the H1 of the current FY, followed by Thailand and China.
Myanmar’s manufacturing sector is concentrated mainly in garment and textiles produced on a Cutting, Making, and Packaging basis, and it contributes to the country’s GDP to a certain extent.
Myanmar Garment Manufacturers Association (MGMA) is committed to accelerating its effort to keep improving Myanmar’s garment sector, joining hands with international brands and partners, as per the MGMA’s statement on its commitment released on 25 August 2023. MGMA also offers an HR management course, an occupational safety and health (OSH) course, and basic and advanced sewing machine operator training to enhance the capacity of the staff.
There are 548 active factories operated under the MGMA as of September 2024, comprising 323 from China, 56 from South Korea, 17 from Japan, 16 from other countries, 63 domestic factories and 25 joint ventures. Forty-eight are temporarily closed for now, according to the MGMA’s monthly Newsletter. 

Source: The Global New Light of Myanmar

Under the project to create small-scale manufacturing businesses and promote the income of rural families, 16 small-scale manufacturing businesses will be implemented in Yangon Region in the current financial year, according to the Small-Scale Industries Department under the Ministry of Cooperatives and Rural Development.
The project began with nine businesses in 151 villages in the 2023-2024 financial year and will expand to 221 villages in the 2024-2025 financial year.
This initiative aims to create job opportunities for local people, providing technical know-how and business-related equipment. 

Source: The Global New Light of Myanmar

The export value from the manufacturing sector crossed US$8.8 billion in the financial year 2023-2024, indicating a drop of $2.09 billion compared with that of the FY 2022-2023, the Ministry of Commerce’s statistics showed.
The finished industrial goods export amounted to $10.9 billion in the FY 2022-2023.
By two modes of transport (sea and land border), Myanmar delivers manufacturing goods to foreign markets.
Myanmar exports agricultural products, livestock products, fisheries, minerals, forest products, finished industrial goods, and other goods, while it imports capital goods, intermediate goods, raw materials from CMP garment factories, and consumer goods.
Myanmar has been implementing the National Export Strategy (NES) 2020-2025 in order to bolster exports. The priority sectors of the NES comprise agricultural production, garment and apparel, industrial and electronic device, fishery business, forest product, digital manufacturing and service, logistic service, quality management, trade information service, innovation and entrepreneurship sectors. 

Source: The Global New Light of Myanmar

The Ministry of Natural Resources and Environmental Conservation (MoNREC) has announced the approval for the production of essential raw mineral resources required for manufacturing cement.
Across regions and states, there are allocated plots for various minerals: 29 for limestone, 13 for quartz and gypsum, 103 for charcoal, two for clay, and two for cast iron and bauxite.
During a coordinating meeting held on 21 February in Nay Pyi Taw, Union Minister for MoNREC, U Khin Maung Yi, stated that the production of necessary raw mineral resources essential for cement manufacturing, such as limestone, charcoal, gypsum, quartz, cast iron, bauxite, and clay, has been authorized.
Currently, there are a total of 19 cement factories across states and regions, including Nay Pyi Taw. Twelve of these are operational, while the remaining seven are temporarily suspended.
Charcoal produced by charcoal factories serves not only the cement industry but also acts as an alternative energy source in metal recycling, brick, cigarette, beverage, tissue, and rubber manufacturing. Additionally, gypsum and quartz find applications in fertilizer production.
Efforts by the ministry and relevant departments are focused on fully operating cement factories, sourcing input materials domestically, ensuring the availability of high-quality input materials and machinery, and improving operational efficiency. These efforts aim to reduce reliance on imports.

Source: The Global New Light of Myanmar

The export value from the manufacturing sector amounted to US$8.28 billion as of 1 March of the current financial year 2023-2024, , the Ministry of Commerce’s statistics showed.
The export of finished industrial goods was valued at $10.255 billion in the corresponding period last year.
Therefore, the figures reflected a drop of $1.975 billion compared to that of the year-ago period.
Myanmar exports agricultural products, livestock products, fisheries, minerals, forest products, finished industrial goods, and other goods, while it imports capital goods, intermediate goods, raw materials from CMP garment factories, and consumer goods.
Myanmar has been implementing the National Export Strategy (NES) 2020-2025 in order to bolster exports. The priority sectors of the NES comprise agricultural production, garment and apparel, industrial and electronic device, fishery business, forest product, digital manufacturing and service, logistic service, quality management, trade information service, innovation and entrepreneurship sectors.

Source: The Global New Light of Myanmar

Myanmar Garment Manufacturers Association announces that it will assist in the ease of import licences for necessary inputs for raising the CMP garment export sector.
Under the guidance of the CSS Taskforce secretary, MGMA submitted a letter requesting information to help facilitate the licensing process for importing necessary inputs for the CMP sector to all its member factories and companies on 14 February.
The letter says MGMA would assist in facilitating import licences for necessary inputs such as spare parts, lubricants and chemicals used in CMP garment factories in order to be efficient with the CMP export sector. MGMA members will need to fill out requirements, which are set according to factories, in an Excel sheet and submit a soft copy to mgma@myanmargarments.org by 4 pm, 16 February. MGMA has already sent an Excel file to its member factories’ respective Admin and HR mails.

Source: The Global New Light of Myanmar

The export value from the manufacturing sector reached US$7.6 billion in the past ten months of the current financial year 2023-2024, the Ministry of Commerce’s statistics showed.
Finished industrial goods exports earned $9.5 billion in the corresponding period last FY, indicating a significant drop of $1.9 billion this FY compared to the year-ago period.
Myanmar exports agricultural produce, livestock products, fisheries, minerals, forest products, finished industrial goods and other goods. At the same time, it imports capital goods, intermediate goods, raw materials by CMP garment factories and consumer goods.
Myanmar has been implementing the National Export Strategy (NES) 2020-2025 to bolster exports. The priority sectors of the NES comprise agricultural production, garment and apparel, industrial and electronic device, fishery business, forest product, digital manufacturing and service, logistic service, quality management, trade information service, innovation and entrepreneurship sectors. 

Source: The Global New Light of Myanmar

Thanks to locally made peanut shelling machines and corn combine harvester, the farmers can now save time, and the number of users is increasing, according to the Nan Ko Ko Peanut Sheller and Corn Harvester Manufacturing.
These machines are made of iron frame and powered by 22 horsepower engines.
“Farmers can save time. They are fast. After threshing and shelling with this machine, seeds can grow again. When the ears of corn are inserted, kernels are produced. And if you put in peanut pods, you get peanut kernels. These machines are being sold well in the market. The number of users has increased,” an official said.
When a peanut sheller runs for one hour, it produces 30 baskets of kernels while a corn combine harvester produces 70 baskets of corn kernels. Since these are time- and labour-saving agricultural machines, many farmers have chosen to use them. A corn combined harvester costs K4.5 million and a peanut sheller K7.5 million

Source: The Global New Light of Myanmar

The export value from the manufacturing sector crossed US$6.8 billion in the past nine months of the current financial year 2023-2024, the Ministry of Commerce’s statistics showed.
Industrial finished goods exports earned $8.569 billion in the corresponding FY period. The figures reflected a significant drop of $1.7 billion this FY compared to the year-ago period.
Myanmar exports agricultural produce, livestock products, fisheries, minerals, forest products, finished industrial goods and other goods. At the same time, it imports capital goods, intermediate goods, raw materials for CMP garment factories and consumer goods.
Myanmar has implemented the National Export Strategy (NES) 2020-2025 to bolster exports. The priority sectors of the NES comprise agricultural production, garment and apparel, industrial and electronic device, fishery business, forest product, digital manufacturing and service, logistic service, quality management, trade information service, innovation and entrepreneurship sectors.

Source: The Global New Light of Myanmar

The export value of garments processed on a Cutting-Making-and-Packaging basis amounted to over US$2.966 billion as of 1 December in the financial year 2023-2024 beginning 1 April, which is the highest among ten major export items, the Ministry of Commerce’s statistics showed.

The export values stood at $2.22 billion from natural gas export, $474.126 million from black gram, $378.64 million from rice and broken rice, $271.312 million from corn, $220.418 million from fish, $185.983 million from green gram, $123.691 million from natural rubber, $101.952 million from pigeon pea and $79.404 million from metal and ores.

Of top ten export countries of Myanmar, Thailand ranked first with $2.472 billion, followed by $1.93 billion by China, $784.703 million by Japan, $572.107 million by India, $412.675 million by the US, $356.301 million by Germany, $321.412 million by Spain, $316.806 million, $261.457 million by the Republic of Korea and $222.89 million by the UK.

Myanmar exports black gram, rice and broken rice, corn, green gram, rubber, pigeon pea, sesame, onion, turmeric, tamarind, dried ginger, konjac, castor oil seed, coffee bean, cashew nuts, cassava, watermelon, muskmelon, mango, tissue-culture banana, agricultural products, various fish, shrimp, crab and dried fish to external markets. Additionally, Myanmar has been exerting efforts to enhance manufacturing exports, and veneer and plywood, finished wood products, clothes, sugar and industrial products are also sent to foreign markets. In addition to the border, Myanmar exports goods by sea and air. 

Source: The Global New Light of Myanmar