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Commerce Ministry, Thailand Post to promote local products

The Commerce Ministry will join forces with Thailand Post Co to promote local community products at the latter’s 1,200 branches nationwide and at the latter’s partner outlets overseas.
The ministry will also promote these products on thailandpostmart.com website.

Unilever, EAC forge joint venture in Myanmar

As part of its longterm commitment to Southeast Asia and Myanmar, Unilever recently announced a joint venture with Europe & Asia Commercial Company (EAC) Ltd to build on its curฌrent operations in the country.
Unilever Myanmar and EAC will combine their respective personal care and home care businesses to form Unilever EAC Myanmar Co Ltd. The joint entity, with annual sales in excess of 100 milฌlion euros (Bt3.8 billion), will manufacture, market and distribute home and personal care products in Myanmar.
The companies will mutually benefit from a complementary portfolio, greater rural penetration and economies of scale. The joint venture will also create growth opportunities for Myanmar and its people through research and development, manufacturing investment, market development and nurturing local talent.
“We are excited about the synergies that both businesses can leverage. Unilever’s global expertise in R&D, supฌply chain and marketing, combined with our local manufacturing and distribution capabilities, makes this partnership attractive for us and strengthens our contribution to Myanmar,” said EAC chairman U Sein Myint.
EAC manufactures and distributes detergent products in Myanmar and along with another sister company – ELAN Co Ltd – manufactures and distributes other home care and some personฌal care products. – The Nation

Chinese trainmaker to build plant in Canada

China Railway Rolling Stock Corp (CRRC), the country’s railway vehicle and equipment manufacturer and exporter, announced on Thursday that it would build a plant in Canada to further expand its marketing channels in North America.
The trainmaker said in a statement that the new facility, located in Moncton in New Brunswick, will create more than 200 jobs in the first phase and generate more than US$1 million (Bt36 million) in tax revenue for the local government annually. The plant is capable of manufacturing heavy load, special railway vehicles and railway vehicle brakes.
The plant was jointly set up by Sichuan-based CRRC Meishan Co Ltd, a freight train maker under CRRC, Monctonbased ARS Canada Rolling Stock Inc, a local railcar manufacturer and service supplier, and a CRRC subฌsidiary in Hong Kong. They gained approval from the Canadian government in June 2016. CRRC said the establishment of this facility would enhance its market presence in North America. However, the company’s headquarters in Beijing did not disclose the total investment amount and designed manufacturing capacity.
The new company’s main business is to carry out sales of cargo trains, research and development work for freight trains that can be operated in North America, as well as manufacturing freight trains including opentop wagons, covered wagons, tankers and flat cars. The statement said CRRC’s longterm goal is to assemble freight trains and provide aftersale services to clients in Canada. – China Daily/ANN

Published : May 07, 2017

By : The Nation