Upgrading and Expansion of Myittha Spinning Machines (Myittha)

Status:
Start:
FY2020-2021
End:
FY2024-2025

Sectors

Textiles, leather and substitutes

Project Description

The project will upgrade and expand the Myittha spinning machines by constructing a new 300 feet by 120 feet building in a five-acre property for 10 knitting machines, 100 sewing machines and related machines such as cutting, folding and packing machines.

Since 2009, the spinning machines have been installed to manufacture carded and combed yarn products in the range of 1/20 to 1/100. Although the combed yarns 1/60 were produced during testing phase, the production focused on 1/7, 1/21 and 1/40 yarns depending on the demand of the local textile cottage industries. The key product was the 1/40 yarn which is competitive with Indian products.

Overhauling and upgrading of decade-old machines is necessary to be competitive in the market. Moreover, soft twisted yarns to be used in knitting factories will be produced thereby helping the cut-make-pack (CMP) garment sector transform into free on board (FoB) production system by producing import substitute raw materials.

Project Expected Benefits

Upgrading and expanding the Myittha spinning machines will enable substitution of 6.6% of total imported yarn, annual production of 300,000 kilograms knitted fabric for import substitution, strengthening of the textile supply chain to progress to production of value added products, and facilitate transformation from a CMP driven production to an FoB driven production. It is also expected to create employment opportunities for 600 employees due to expansion of production for knitted fabric.

Locations

Mandalay Region

Total Project Cost

7.69M

Financing Type

Inviting Additional Financing

Implementing Government Agency

No. (3) Heavy Industrial Enterprise

Myanmar Sustainable Development Plan Alignment

Contact Detail

Win Aung
General Manager/No. 3 Heavy Industrial Enterprise
textile.planning@gmail.com