Baocheng Is Optimistic About The Expansion Plan Of Burma Market.

Baoji, the global leader in shoe making, has continued to accelerate the expansion of Burma's factory. In October 17th, Baocheng said that the board had already invested 47 million 630 thousand US dollars in increasing the Myanmar plant in Burma, and the total amount invested into Burma plant has reached US $130 million.

Burma is another new overseas shoe making base after Baoji group, following mainland China, Vietnam, Indonesia and Bangladesh.

Indonesia and other places are also low, which helps reduce production costs.

At present, Baocheng has a production base near Yangon. At the beginning of last year, it invested $10 million in additional investment. The new plant was completed and commissioned in the fourth quarter of last year, with a total investment of about 82 million 370 thousand dollars.

At present, the new plant has a capacity of about 300 thousand pairs per month.

Mainly supply Adidas, Nike and other brand customers.

The United States intends to lift the economic sanctions and recovery of Burma

Baocheng is optimistic about the prospects of the local economic development and will expand the factory.

Baocheng produced 320 million pairs of shoes last year. The proportion of Burma plant production is about 1.1%. It is expected that the proportion of production will increase gradually along with the continuous expansion of new factories.

President Obama received an early visit to Burma's state adviser, Weng Shan Suu Kyi, after announcing the resumption of Burma's "generalized preferential tariff (GSP)" and the lifting of decades of economic sanctions against Burma.