Joinment Investment Agreement-signing ceremony in Myanmar

LS Cable & System Asia (LSCS), which emerged as No. 1 cable manufacturer in Vietnam 20 years after foraying into the market, will set up a joint production facility in Myanmar with its subsidiary Gaon Cable. LSCS and Gaon Cable have decided to establish LS-Gaon Cable Myanmar (LSGM) to roll out low voltage cables and overhead wires with investment of US$18 million each. Payment of investment is set to take place on May 31, 2017 in view of Myanmar’s market conditions and other reasons.