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Suzuki invests $100m to raise Myanmar production capacity

Japanese automaker holds 60% share of nation's growing auto market

Although Japan's Suzuki holds a dominant share of Myanmar's automobile market, competition among manufacturers from other Asian countries looks set to intensify.

TOKYO -- Suzuki Motor announced on Monday that it will increase production at one of its factories in Myanmar. It will introduce a new line for four-wheeled vehicles at its plant in southeastern Yangon that will handle tasks like painting car bodies. Suzuki has two factories in the country.

The investment will cost about 12 billion yen ($108.91 million) and is expected to go online in September 2021. The new facility is expected to increase the factory's floor space tenfold and raise its production capacity by a factor of four. Suzuki expects its share of the Myanmar market to grow.

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