PJ Wood, Thailand’s leading home goods exporter acquires Myanmar's largest rubberwood company
published : 30 Jul 2020 at 14:10
For the last couple of years PJ Wood has focused on growing its manufacturing base in its Chonburi headquarters.
As it continues to expand and shifts to be a truly regional company it has acquired Myanmar’s largest rubberwood company from a leading Japanese multinational group, and aims to transform it into a sustainable manufacturing hub within the next few years together with its local Myanmar partner.
“Other than operating efficiently our secondary purpose in entering the country is to share our knowledge and know how in creating a company that provides happiness to both customers and employees through the standards that we have internally created over the years” according to Mr. Andrew de Jesus, CEO of PJ Group. Mr. de Jesus added that the most important aspect for PJ Wood is to be a leader in ethical and sustainable standards.
The sawmill and timber facility located in Mawlamyie, Mon State a four hour drive from Yangon will be a strategic location in the future as it is within Asia highway and within a few hours from the Thai border of Mae Sot. Currently the facility is the largest rubberwood facility in the country, and surrounded by the largest rubberwood plantations in Myanmar.
“This acquisition will help strengthen and manage our operational risks, given the changing demographic in Thailand for labor intensive industries. Our goal is to fully automate our Thai operations and slowly shift labor intensive operations to Myanmar”. This will be done in several phases, during the first phase the focus is to support the Thai market, according to Mrs. Busayakorn de Jesus, Director of PJ Wood. As a monthly visitor to Myanmar for the past eight years de Jesus believes that the country and its people have a very similar culture to Thai’s. “We understand that their will be initial hurdles in setting up operations in Myanmar, however, we believe that the long term prospects of Myanmar is very bright”