Tier One player Taiyo Nippon Sanso Corporation (TNSC) is set to enter the Myanmar industrial gases market after announcing plans to establish an affiliate company in the country.
The wholly-owned company will be named Taiyo Nippon Sanso Myanmar Corporation and will be located in the Thilawa Special Economic Zone, situated around 20kms from the country’s largest city, Yangon.
The new affiliate will construct an air separation unit (ASU) in the same location, which is expected to start up in January 2018. TNSC has set the facility a first-year sales target of approximately 3.8bn kyats ($3m) once operations commence.
Taiyo Nippon Sanso Myanmar Corporation will hold a total of $11m in capital and will focus of the production, purchase and sales on industrial gases as well as the engineering and construction of machinery and piping.
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