Marubeni moves into Myanmar market

Tokyo — Marubeni Corp. said Jan. 15 that it will commence a manufacturing fertilizer and repackaging business with a local partner in the Myanmar Thilawa SEZ this month. Marubeni plans to sell 30,000 mt, primarily for the Yangon Delta area, in the first year of operations in 2017, and expects to expand this volume to 150,000 mt across Myanmar in 2020, while also increasing the number of products in accordance with domestic market growth.