January 31, 2014 00:00 By Khine Kyaw Myanmar Eleven Ya 3,337 Viewed
Unithai has agreed with Chin Corp Myanmar to establish Unithai Chin Corp Logistics (Myanmar), or Unichin, a joint venture that will provide the entire range of shipping and freight-forwarding services in Myanmar.
“This venture will enable Unithai and Chin Corp to strengthen their cooperation and collaboration to share experience, expertise and networks to develop shipping and logistics solutions in response to Myanmar’s rapid growth in the economy and industrialisation,” said Arthit Pathumsuwan, managing director of Unithai Group.
“The benefits and opportunities to be gained will enhance the further growth of Unichin in shipping and related business activities in this region.” Chin Corp is a leading Myanmar conglomerate. Its strong partnerships and ventures with major international firms in Myanmar have enabled it to diversify into various businesses.
“The broad expertise of Unithai in shipping and logistics will contribute to the success, mutual benefits and achievements of our ultimate goals,” said Michael Chin, chairman of Chin Corp Myanmar.
This JV marks an important step into Asia’s last frontier in Unithai’s expansion of its Asean business.
In 2008, the company expanded its logistics operation into Vietnam in a JV with Tan CangSong Than ICD, Transport and Chartering Cooperation and Viet Business, and Maruzen Showa Unyu to establish Unithai Logistics at ICD Song Than in Ho Chi Minh City. The new joint venture.