Sumitomo Electric Industries, Ltd. announces sales partnering agreement for expanding the market of low and medium voltage cables in Myanmar.
July 20, 2016
Acknowledging the growth of electrical infrastructure market in Myanmar, Sumitomo Electric Industries in partnership with Wa Minn, a local company, has signed an agreement regarding the sales of low and medium voltage cables. Sumitomo Electric Industries is ready for the collaboration to expand its business in Mynmar.
After the formation of the new government in Mynmar, there has been a steady growth in foreign investment in the country. Furthermore, the development of roads, ports, railway, industries, electric power and communication, will lead to overall economic development. The demand for electric power is expected to grow at faster rate with growth in overall infrastructure.
