May 28, 2019
Kobelco Eco-Solutions Co., Ltd.
Joint Venture Company Established in Myanmar
Opening Ceremony held on 16th May 2019
KOBELCO ECO-SOLUTIONS CO., LTD. with its head office in Chuo-ku, Kobe, Japan and represented by Tsuyoshi Kasuya, President (“KES”), KOBELCO ECO-SOLUTIONS VIETNAM CO., LTD., a KES’s wholly owned subsidiary company with its head office in Ho Chi Minh, Vietnam (“KESV”), and SUPREME WATER DOCTOR CO., LTD., a Myanmar leading water treatment engineering company with its head office in Yangon, Myanmar (“SWDC”), have established together a joint venture company “KOBELCO SUPREME WATER ENGINEERING CO. LTD.” in Myanmar and held an opening ceremony on 16th May 2019. About 200 people from various business sectors of Myanmar, Japan and other countries attended the ceremony.
SWDC and the KES company group will contribute to the development of the Myanmar economy and to the improvement of living environment in Myanmar by bringing together the technologies and expertise accumulated respectively in Myanmar, Japan, and Viet Nam etc.
１．Background for Establishment
Myanmar is geographically located at the center of ASEAN, East Asia and South Asia, and is one of the important hubs for Asian economy. In addition, Myanmar is a promising country to which considerable investments from various countries are being made one after another. The Japanese Government has been supporting Myanmar in the various fields such as infrastructure development and financing.
We, Kobelco Eco-Solutions group have been firming up business relationship with SWDC for years, which lead to the joint delivery of a water purification plant for the Residential & Commercial Area of the Thilawa SEZ, Zone A in 2018. Now we have established this joint venture to more contribute to the development of the Myanmar economy and to the improvement of living environment in Myanmar that is experiencing a remarkably rapid economic growth.
２．Company Profile of Joint Venture
○Name ：KOBELCO SUPREME WATER ENGINEERING CO., LTD.
○Representative ：Managing Director Nyan Khaing Soe
○Location ：No. 19/C, Nawaday Garden Estate, Yangon-Pathein Road,
Hlaing Thar Yar Township, Yangon, Myanmar
○Establishment Date ：29thMay 2018
○Share Capital ：100,000 USD
○Share Ratio ：SUPREME WATER DOCTOR CO., LTD. 65.0%
KOBELCO ECO-SOLUTIONS CO., LTD. 17.5%
KOBELCO ECO-SOLUTIONS VIETNAM CO., LTD. 17.5%
○Business ：Engineering, Procurement and Construction of Water Treatment
and Wastewater Treatment Plants for Industrial and Public Sector
and other businesses incidental or related to it
３． Photograph: Opening Ceremony
４．Profile of Supreme Group
SWDC is a company in charge of water treatment business in the Supreme group.
The profile of the group is as follows:
○the ：Supreme Group of Companies
○Employee ：about 1,000
○Business ：Energy, Agriculture, Trading, Construction Business, etc.
Contact: Kobelco Eco-Solutions Co.,Ltd.