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Producing agricultural fertilizers locally in Myanmar

Staff writer |
Major Japanese trading houses are expanding their operations in Myanmar ahead of the incoming government lead by Aung San Suu Kyi at the end of this month.

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Mitsui & Co. and Marubeni Corp. both have launched projects to produce agricultural fertilizers locally, while Mitsubishi Corp., Itochu Corp. and Sumitomo Corp. are ramping up their automobile-related businesses.

The companies are betting democratization will foster in brisk growth in the Southeast Asian nation.

Earlier this month, Mitsui, in a joint venture with a major agricultural company in the country, set up Agri First Co., a fertilizer production and sales firm.

Meanwhile, Marubeni plans to begin fertilizer processing operations in April 2017 at a plant it is building with a local partner.

In auto-related sectors, Sumitomo last year started to offer repair and maintenance services for trucks manufactured by Hino Motors Ltd., while Itochu established a maintenance firm for Isuzu Motors Ltd. vehicles.

Mitsubishi also moved to expand its vehicle-related business, setting up a joint venture to import and sell vehicles and parts produced by Mitsubishi Motors Corp.

In Myanmar, farmers account for 60 percent of the country’s population, consuming some 1 million tons of fertilizer a year.

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