Unicharm chases Myanmar diapers

Kyodo

Unicharm Corp. said Friday it has reached a basic agreement to buy Myanmar’s major sanitary napkin and baby diaper maker by June in line with its goal of expanding sales in Southeast Asian countries.

The Japanese personal care product maker aims to acquire most of the outstanding common shares in Myanmar Care Products Ltd. by taking over CFA International Paper Products Pte., a Singaporean firm that owns an 88 percent interest in the Yangon-based company.

Unicharm said it will also buy 10 percent of Myanmar Care Products’ shares not held by the Singaporean company.