Meidensha ties with Myanmar firm

Kyodo

Meidensha Corp. said Monday it has signed an agreement with Myanmar’s Asia General Electric Co. to provide technological cooperation for the design, manufacture and maintenance of voltage inverters, with an eye to making inroads into the emerging Southeast Asian market.

The Tokyo-based electronics equipment maker also signed a memorandum of understanding stating it would consider investing in the transformer maker. The tieup will help Asia General Electric obtain Meidensha’s technology for manufacturing midsize and large transformers, it said.