Gold AYA Motors International Group in Myotha Industrial Park, Mandalay Region can manufacture 5,000 cars annually. They are to manufacture 10 models of 7 types of cars. They include SUV, MPV and Pickup trucks. The company said that they are going to penetrate ASEAN market.
The manufacturing was demonstrated and introduced at the factory in Myotha Industrial Park, and Regional Chief Minister of Mandalay Dr Zaw Myint Maung, officials and media attended the event.
Dr Zaw Myint Maung said “Foreign Direct Investment is mandatory in a developing country like Myanmar. Good environments are necessary for FDA to come in, so they must be created. Investment comes for profit. We will get benefits from the profit they make. Only one cannot win. We must use win-win method.”
Gold AYA Motors International Group Co, Ltd was established in Myanmar in 2017 by Shinning Star Group to implement The Belt and Road project. This assembling company has invested $30,000,000.
“We intend to manufacture 50,000 cars in 5 years’ time. We plan to reach above 10 per cent market share and above 40 per cent productivity in country. The cars are up to standard to be exported to ASEAN countries,” said Deputy General Manager Mr Jacky Yan.
The factory is located 100 kms from Mandalay. There are parking spaces for manufactured cars, warehouses for machines and parts and showrooms. The car assembling was 7,200 square meters wide.
The engine displacement of cars are 1.5L (Auto Gear) and the maximum speed is 160km/h. Each car weighs 13 tons. Fuel consumption is only 8 liters for 100 km.
“Car production is a foundation for the development of Myanmar’s economy and apart from manufacturing the whole car, there are other related work places which can employ 113 locals. Theory and practice will be exchanged. 82 per cent of workers are locals” said Mr Yan.
The company is working in coordination with BAIC CHANGHE, BAIC DODA and local Royal Ye Htut Moe Kaung International Co Ltd in car production and related businesses.—Khine Set Wai
(Translated by Alphonsus)