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Sunlabob joins German Myanmar Business Chamber

2015-07-GMBC-Logo

Sunlabob recently formalized its membership in the German Myanmar Business Chamber, further confirming the company’s long-term commitment to doing business in Myanmar.

Sunlabob is the first company with solar power expertise to join GMBC. Nearly 60 companies, foreign and Myanmar, have joined the Chamber since its inception in May 2015.

Andy Schroeter, CEO of Sunlabob, and a German national, said: “GMBC’s objectives closely align with Sunlabob’s approach over 15 years in Southeast Asia: to bring together international and local expertise to most effectively tackle business opportunities.”

“As Southeast Asia’s fastest growing market, Myanmar offers significant business opportunities for foreign companies. Yet at the same time, foreign companies also have the opportunity to support the capacity-building and knowledge transfer necessary to develop important sectors such as solar engineering and rural electrification,” continued Schroeter, who is a board member for the European Chamber of Commerce in Lao PDR, where Sunlabob is headquartered.

According to official German trade statistics, German exports to Myanmar reached €130 million in 2014. Imports grew to almost €100 million in 2014, 79 percent more compared to the year before.

German companies targeting Myanmar’s consumer and industrial market include companies such as Bayer, BASF, Bosch, Henkel, Siemens and ThyssenKrupp.