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Chinese Companies to Build Textile, Pulp Mills in Myanmar
Two Chinese companies have respectively reached contracts with the Myanmar government to build a textile mill and a pulp factory in the country.
According to Monday's official newspaper The New Light of Myanmar, the contract for building the Pwintbyu textile mill in Myanmar's central Magway division was signed here on Sunday between the Tianjin Machinery Import and Export Corporation (Group) of China and the Myanma Textile Industries of the Ministry of Industry-1.
The other contract for building the Thabaung pulp factory in the country's southwestern Ayeyawaddy division was signed on the same day between the China Metallurgical Construction (Group) and the Myanma Paper and Chemical Industries of the same ministry. The factory
In the wake of enhanced economic cooperation between China and Myanmar, Chinese companies have initiated a number of contracted projects in this country with some in the form of wholly Chinese investment or joint venture. So far, more than 10 Chinese enterprises have already been set up in Myanmar.
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