YANGON — Japanese trading company Sumitomo Corp. is now bringing commercial vehicles made by Hino Motors into Myanmar, aiming to capitalize on growing demand for dump trucks and other products for infrastructure construction. Summit SPA Motors, a joint venture with the Serge Pun & Associates conglomerate, signed a deal with Hino in March to serve […]
YSH, Sumitomo to distribute Hino brand vehicles in Myanmar
December 20, 2013 by
YANGON—Singapore-listed Yoma Strategic Holdings (YSH) and Japan’s Sumitomo Corporation have entered into a proposed joint venture to distribute and service Hino brand trucks and buses in Myanmar. The joint venture, subject to approval by relevant authorities, is expected to be 60-percent owned by Sumitomo Corporation, 20-percent by Elite Matrix, a wholly-owned subsidiary of YSH, and […]
