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Myanmar garment industry draws fresh investment from Japan's Honeys

Fast-fashion chain aims to source over half of products from Southeast Asian nation

Low prices are a main selling point for Honeys, which operates 871 stores in Japan. (Photo courtesy of Honeys)

TOKYO -- Japanese apparel maker Honeys Holdings breaks ground on a third factory in Myanmar this month, aiming to make over half of its products in the low-cost Southeast Asian manufacturing hub.

The 16,000-square-meter plant will sit alongside one of the company's existing workshops in Mingaladon Industrial Park outside Yangon. Honeys plans to invest about 1.5 billion yen ($11.3 million) in the project over the two fiscal years through May 2024.

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