Yoma bags exclusive construction distribution rights in Myanmar

The deal is expected to pump up group’s automotive and equipment division.

Yoma Strategic Holdings is reaping benefits from the increasing infrastructure and construction activities in Myanmar as it inked an exclusive deal with J C Bamford Excavators (JCB) to supply building equipment in the Southeast Asian country.

According to OCBC, Yoma’s subsidiary, Convenience Prosperity Company Limited (CPCL), has been appointed by JCB to be the sole distributor for the Myanmar market. JCB is the third largest manufacturer of construction equipment in the world. 

Yoma indicated that its distribution agreement with JCB will complement its offerings in the group’s automotive and equipment division.

CPCL is also the distributor for Case New Holland, an agriculture equipment brand, and already has 11 branches in Myanmar. This is expected to grow to 14 by Dec 2016, OCBC added.