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Ball Corp, the American beverage cans manufacturer, will invest US$40 million to build its plant at Thilawa special economic zone, according to the company’s announcement on Friday in Yangon.

“We are a leading manufacturer of steel and aluminium cans,” said a company official.

The company signed a lease to set up its business in the zone which is a Myanmar-Japan joint venture.

“In the first phase, Ball plans to invest $40 million and will raise the capital outlay to $100 million. The project will kick off as soon as possible and the production of beverage cans is to commence by July 2015,” said Min Tala Nyan, country manager for Ball Asia Pacific’s Myanmar Plant.

In a related development, Japanese ambassador Takeshi Higuchi announced the signing of a deal between a Japanese auto parts manufacturer and the special economic zone.

“This is Myanmar’s first-ever special economic zone – a national project…

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