Kubota Strengthens the Farm Machinery Business in Myanmar — Establishing a new company, to expand its dealer network and service systems
September 16, 2015
KUBOTA Corporation (Head Office: Naniwa-ku, Osaka-shi, Japan, President and Representative Director: Masatoshi Kimata; hereinafter “KUBOTA”) established “Kubota Myanmar Co., Ltd.” (Investment ratio: KUBOTA 80%, SIAM KUBOTA Corporation Co., Ltd. 20%).
Through this new company, Kubota will strengthen its dealer network and service systems, as well as expand its farm machinery business.
1. Background of new company establishment and the objective
- The total population and rice production volume of Myanmar are almost the same as those of Thailand; however, most of the farm work relies on human power and work cattle. In the future, mechanization of farm work will make progress.
- From 2011, SIAM KUBOTA Corporation Co., Ltd. (Investment ratio: KUBOTA 60%, Cementhai Holding Co., Ltd. 40%) has been selling farm machineries through distributors in Myanmar. To further expand the business, KUBOTA decided to establish a sales / services company in Myanmar.
- By having our sales / services company carry out business activities directly in Myanmar, we can take advantage of our sales know-how cultivated in other areas such as Japan and Asian countries. Kubota will reflect such experiences on this new company and further expand the machinery business by strengthening its dealer network and service systems.
2. Outline of New Company
|Company name||Kubota Myanmar Co., Ltd.|
|Establishment||September 8, 2015|
|Location||Thilawa Special Economic Zone, the Republic of the Union of Myanmar|
|Capital||23.8 million US dollars|
|Investment ratio||KUBOTA Corporation 80%,
SIAM KUBOTA Corporation Co., Ltd. 20%
|Business description||Sales and service of tractors, combine harvesters, rice-transplanters, power tillers, diesel engines, and construction machineries|