26 Jun 2014
First Ever Investment in the Thilawa Special Economic Zone
Chester Toh and Alroy Chan from our Myanmar Practice, as well as Kenneth Lim and Thet Phone Htut from our Yangon office acted for Ball Corporation ("Ball") in the first ever investment in the Thilawa Special Economic Zone ("Thilawa SEZ"), a 2,400 hectare industrial development project near Yangon, Myanmar.
Ball intends to invest in a beverage can manufacturing plant in the Thilawa SEZ, to support the growing fast moving consumer goods sector in Myanmar. As a US Fortune 500 company listed on the New York Stock Exchange, Ball is the largest producer of recyclable beverage cans in the world.
Thilawa SEZ is the only special economic zone close to Myanmar's commercial capital of Yangon and this landmark investment is significant coming off the heels of the new SEZ Law enacted earlier this year.