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2 S.Korean Companies to Kick out o
- Subject: 2 S.Korean Companies to Kick out o
- From: Rangoonp@xxxxxxx
- Date: Wed, 26 May 1999 21:39:00
Subject: 2 S.Korean Companies to Kick out of Burma
S. Korean Company Opens Garment Factory in Myanmar
Xinhua
26-MAY-99
YANGON (May 26) XINHUA - The Yangon Pan-Pacific
International Co, a South Korean company, opened a
garment factory here Tuesday, The New Light of Myanmar
newspaper reported Wednesday.
The factory, located in Thingangyun township of Yangon,
is
established with an investment of 3.2 million U.S.
dollars.
The factory will manufacture jackets, pants, sportswear
and
knitwear with the capacity of 50,000 pieces per month,
the
report said.
Meanwhile, another S. Korean company, Jewoo, also signed
a contract with Myanmar earlier this month to set up
similar
factory in Thakayta township in the capital.