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Kamigumi Establishes Operating Company for the Development and Operation of a Bulk Terminal in the Port of Thilawa in Myanmar
Dec. 11, 2017
Kamigumi Establishes Operating Company for the Development
and Operation of a Bulk Terminal in the Port of Thilawa in Myanmar
Kamigumi will establish a terminal operating company named International Bulk Terminal (Thilawa) Co., Ltd. (IBTT) mainly focusing on the handling of grain, feed and other bulk cargo at the Thilawa region of Yangon port in Myanmar as a joint venture with Lluvia Limited of Myanmar, which is a joint venture between Mitsubishi Corporation of Japan and Capital Diamond Star Group (CDSG), a conglomerate in Myanmar.
Myanmar continues to see robust economic growth underpinned by growing investments being made by foreign companies driven by the country's democratization and economic deregulation. Myanmar's per capita consumption is also increasing rapidly, and with the Westernization of diets and greater diversity of food choices, we continue to expect growth in the trading of food products and raw materials in the future.
Given this environment, Kamigumi will establish IBTT together with Lluvia by harnessing its track record in handling grain and feed at its owned and operated port facilities across Japan and by taking full advantage of its many years of know-how in the sector.
Lluvia is a food company with manufacturing and sales operations covering multiple sectors of the food industry, Lluvia is particularly renowned in its leading position in flour milling where it maintains the largest market share in Myanmar. By developing and operating a port facility through IBTT, Kamigumi will be able to secure an advantageous position in handling of bulk cargo such as wheat grain in Myanmar, and establish a solid foothold in the food logistics business, which is expected to see further growth going forward.
Furthermore, Kamigumi will seek to expand its logistics business in Myanmar and contribute to the development of logistics functions in the country through the synergies realized between IBTT and Kamigumi-EFR Logistics (Myanmar) Co., Ltd., a logistics company already established in Myanmar by Kamigumi.
For inquiries on this matter, please contact;Public Relations Department, Kamigumi Co., Ltd.
TEL: +81-78-271-5110
〔Map of IBTT's bulk terminal〕
〔Whole view of facility - image〕
・ Location ：Plot No.30 and 31,
・ Total area ： 80,000m2 (site area)
・ Jetty length ： 230m
・ Completion ： April 2019 (planned)
1. Corporate Profile of IBTT
(1) Head office : Plot No.30 and 31, Port of Thilawa
(2) Land area : 80,000m2
(3) Capital/Investment : 35 million USD / 65 million USD
(4) Investment ratio : Lluvia 75%、Kamigumi 25%
(5) Business lineup : Logistics business related to the operation of a dedicated terminal mainly for the
handling of grain as well as silos and warehouse
2. Corporate Profile of Lluvia
(1) Head office : Yangon, Myanmar
(2) Established : 2015
(3) Business lineup : Manufactures and markets foods with a focus on flour milling and instant
coffee.Lluvia is considering entering the agriculture business (fertilizers and
export of produce) and the retail business depending on future deregulation in
Myanmar.
(4) Employees : 2,391（as of March 2017）
(5) Representative : U Ko Ko Gyi, Managing Director
3. Corporate Profile of CDSG
(1) Head office : Yangon, Myanmar
(2) Established : 1960
(3) Business lineup : Operates a broad business portfolio that include foods, agriculture, retail,
real estate development and automobile importing
(4) Employees : Approx. 6,500 （as of March 2017）
(5) Representative : U Ko Ko Gyi, Managing Director
4. Corporate Profile of Mitsubishi Corporation (First Section Tokyo Stock Exchange, securities code: 8058)
(1) Head office : 3-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo
(2) Established : 1950
(3) Business lineup : Multifaceted operations covering a broad range of industrial sectors, including
Business Services along with the seven groups of Living Essentials, Global
Environmental and Infrastructure Business, Industrial Finance, Logistics &
Development, Energy Business, Metals, Machinery, and Chemicals
(4) Employees : 68,247（as of September 2016; consolidated）
(5) Representative : Takehiko Kakiuchi, President and CEO
5. Corporate Profile of Kamigumi (First Section Tokyo Stock Exchange, securities code: 9364)
(1) Head office : 4-1-11, Hamabe-dori, Chuo-ku, Kobe, Hyogo
(2) Estabilished : 1947
(3) Business lineup : International intermodal transport, harbor transportation, heavy cargo
transportation and installation, plant transportation, warehousing, customs
clearance, ground, sea and air freight cargo handling, marine transport agency,
and cargo vehicle transport, etc.
(4) Employees : 4,111（as of March 2017, consolidated）
(5) Representative : Yoshihiro Fukai, President & Representative Director