Japanese apparel maker Honeys Holdings breaks ground on a third factory in Myanmar this month, aiming to make over half of its products in the low-cost Southeast Asian manufacturing hub.
The 16,000-square-meter plant will sit alongside one of the company's existing workshops in Mingaladon Industrial Park outside Yangon. Honeys plans to invest about 1.5 billion yen ($11.3 million) in the project over the two fiscal years through May 2024.
The women's fast-fashion chain sources roughly 90% of its products from Southeast Asia, and 44% from Myanmar alone.
"We can manufacture at our factories in Myanmar cheaper than anywhere else," President Eisuke Ejiri said. "This is our biggest strength."
Honeys said its Myanmar business has kept running since the February 2021 military takeover in the country. This contrasts with the withdrawals of companies that operated in Myanmar through joint ventures with military-linked businesses, such as Japanese brewer Kirin Holdings.
"Our company has no relationship with the military, and we contribute to the community by retaining and adding jobs," Honeys Chairman Yoshihisa Ejiri said.
Japanese apparel maker Honeys Holdings breaks ground on a third factory in Myanmar this month, aiming to make over half of its products in the low-cost Southeast Asian manufacturing hub.
The 16,000-square-meter plant will sit alongside one of the company's existing workshops in Mingaladon Industrial Park outside Yangon. Honeys plans to invest about 1.5 billion yen ($11.3 million) in the project over the two fiscal years through May 2024.
The women's fast-fashion chain sources roughly 90% of its products from Southeast Asia, and 44% from Myanmar alone.
"We can manufacture at our factories in Myanmar cheaper than anywhere else," President Eisuke Ejiri said. "This is our biggest strength."
Honeys said its Myanmar business has kept running since the February 2021 military takeover in the country. This contrasts with the withdrawals of companies that operated in Myanmar through joint ventures with military-linked businesses, such as Japanese brewer Kirin Holdings.
"Our company has no relationship with the military, and we contribute to the community by retaining and adding jobs," Honeys Chairman Yoshihisa Ejiri said.
Source: Nikkei Asia
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<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
