gasworld’s Business Intelligence team provides you with an insight into the emerging industrial gas market in Myanmar.
Recently, Iwatani announced its plans to enter the Myanmar market, establishing a 100% owned local company to be incorporated in August (2015), with plans to begin preparations to start its business operations in March 2018.
Iwatani will first begin with the sale of welding equipment and materials, as well as supplying LPG. Depending upon the size of plants planned for the complex’s end-users, Iwatani will then gradually invest in the construction of filling stations and air separation plants. Ultimately, Iwatani aims to invest between ¥1.5bn to ¥2bn, including the installation and launch of at least one ASU, and has aimed for ¥1bn investment by 2020.
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