IBTT’s bulk terminal is expected to have a total area of 80,000 square meters, with completion of the facility scheduled for April 2019.
Kamigumi said the establishment of the new company comes amid robust economic growth in Myanmar, which is expected to lead to stepped-up trading in food products and raw materials.
“Given this environment, Kamigumi will establish IBTT together with Lluvia by harnessing its track record in handling grain and feed at its owned and operated port facilities across Japan and by taking full advantage of its many years of know-how in the sector,” Kamigumi said.
Kamigumi’s partner in the joint venture, Lluvia, operates as a food company with manufacturing and sales operations covering multiple sectors of the food industry. The company’s primary focus is in flour milling, where it maintains the largest market share in Myanmar.
“By developing and operating a port facility through IBTT, Kamigumi will be able to secure an advantageous position in handling of bulk cargo such as wheat grain in Myanmar, and establish a solid foothold in the food logistics business, which is expected to see further growth going forward,” Kamigumi said. “Furthermore, Kamigumi will seek to expand its logistics business in Myanmar and contribute to the development of logistics functions in the country through the synergies realized between IBTT and Kamigumi-EFR Logistics (Myanmar) Co., Ltd., a logistics company already established in Myanmar by Kamigumi.”
