Japanese manufacturers halt production in Myanmar after coup Photo taken in July 2018 shows people looking at Suzuki Motor Corp. vehicles displayed in a shopping mall in Yangon, Myanmar. (Kyodo)
Japanese automaker Suzuki Motor Corp. and auto parts maker Denso Corp. said Tuesday they have halted production in Myanmar to ensure the safety of their employees following a military coup the previous day.
The two companies said they stopped output of vehicles and auto parts, respectively, on Monday afternoon and have yet to decide when to resume production. Suzuki said a total of 400 employees work at its two factories in Yangon.
Woodside planned to drill three wells offshore Myanmar this year Suzuki Moto says ops in plants remain suspended (Adds details on Suzuki, Mitsubishi, background)
MELBOURNE, Feb 2 (Reuters) - Australia’s Woodside Petroleum said it had put some activity on hold in Myanmar after generals seized power and detained elected leader Aung San Suu Kyi, while Japan’s Suzuki Motor said operations at two plants remained suspended.
Companies across the world with business interests in the South East Asian country are scrambling to assess the turmoil as the military coup sparked global outrage and the United States threatened to reimpose sanctions on the generals.
Feb 2, 2021
Suzuki Motor Corp. said Tuesday it has halted production at its two auto plants in Myanmar to ensure the safety of its employees following a military coup the previous day, as other Japanese companies from retail giant Aeon Co. to auto-parts maker Denso Corp. were scrambling to assess the situation.
Suzuki said it stopped output on Monday afternoon at its factories in Yangon where 400 employees work.
Suzuki has a 60% share of new car sales in Myanmar, having sold 13,200 units in 2019. The company said it has yet to decide on when to resume production.
The Myanmar military on Monday seized power from the democratically elected government of Aung San Suu Kyi, who was detained along with other leaders of her party in early morning raids.
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