Rockwell Automation will now focus on Myanmar as its next strategic market in Southeast Asia to drive further growth in its already strong revenue stream, the US-based industrial automation company said.
The company has appointed MINs Control Systems Solution Co Ltd (MCSS) as its first recognised system integrator for Myanmar to meet industrial automation demand by machine builders and original equipment manufacturers (OEMs), as well as end users.
“Combining our company’s industrial automation technology with MCSS’ in-depth market knowledge and expertise, we will add measureable value to our customers by supporting their existing investments, as well as helping them plan future projects for optimised return on investment,” Bob Buttermore, regional director, Southeast Asia, Rockwell Automation, said.
MCSS is well-known as a systems integrator and is partnering with Rockwell across many process industries including petrochemicals, oil and gas, waste and water treatment, mining and cement, Buttermore said.
The Fortune 500 company has been eyeing Myanmar to add to its other Southeast Asian markets of Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, Chris Marshall, market access director, Southeast Asia, Rockwell Automation, said.
“We are pleased that the time is now right for us to move in and capitalise on its robust economic growth and investment-friendly environment.
“Since manufacturing constitutes about 20 percent of the country’s GDP, with oil and gas, construction, infrastructure and consumer packaged goods being important sectors, Myanmar is a natural expansion market for us.”
Headquartered in Milwaukee, Wisconsin, Rockwell employs about 21,000 in 80 countries. Its 2011 revenue stood at $6 billion.