Tokyo, September 02, 2013 - Fuji Electric Co., Ltd. (TSE:6504) announced today that it has established a branch office in the city of Yangon, Republic of the Union of Myanmar.
Myanmar is presently in the process of developing large-scale special economic zones, and the construction of public infrastructure along with capital investment by foreign corporations, including Japanese companies, is expected to pick up in the future. Fuji Electric has been supplying various products including Electric Substation Equipment to Myanmar since the 1980s. As recently announced in its Medium-Term Management Plan, Fuji Electric intends to boost sales by capitalizing on demand for social and industrial infrastructure in Asia, which it has positioned as a key market. By establishing this branch office in Myanmar, Fuji Electric is aiming to expand its business while contributing to the country's economic development going forward.
2. Main Business Activities
・Collect and distribute information on market trends, infrastructure investment plans, and other matters
3. Overview of the Branch Office