Toyota Boshoku launches at Savan-Seno SEZ
Toyota Boshoku launches at Savan-Seno SEZ
Toyota Boshoku Lao has unveiled its presence at the Savan-Seno Special Economic Zone in Kaysone Phomvihane district, Savannakhet province, after an official ceremony was held at the zone on Tuesday.
The inauguration of the company at the special economic zone was timed to mark the 60th year of diplomatic relations between Laos and Japan.
Deputy Prime Minister Somsavat Lengsavad, who is in charge of economic affairs including production and goods circulation witnessed the ceremony along with other senior government officials, the chairman of the company and Japanese diplomats in Laos.
Toyota Boshoku Asia is an experienced producer of vehicle seat covers, employing modern technology in producing the covers to meet the demands of customers.
Director of the Savan-Seno Special Economic Zone Mr Bouakham Sisoulath said the investment environment in the special economic zone is vigorous, especially for the Japanese investors.
“This year will be a great year for the zone to welcome many companies and business operators at the site,” he said.
Toyota Boshoku Lao alone has currently employed more than 300 people and it still needs to fill an additional 500 positions on its eight hectare concession at the site. Mr Bouakham added that more than 10 companies are working on manufacturing their products and providing services to their customers, while many companies are still working on building infrastructure and relocating the necessary materials.
Meanwhile the Head of the Secretariat to the Lao National Committee for Special Economic Zones (LNCSEZ) of the Government Office, Ms Bouatha Khattiya also said recently that currently Laos has a total of 10 special and specific economic zones, out if which two are special economic zones.
“Combined, the special and specific economic zones have now been able to attract more than 158 companies to register and invest in land concessions totalling more than 13,000 hectares, which has generated more than 10,000 jobs,” she said.
