Toshiba Celebrates Opening of Yangon Branch Office in Myanmar

YANGON, Myanmar TOKYO--(BUSINESSWIRE)--
Toshiba Corporation (TOKYO:6502) today announced that its
Singapore-based subsidiary, Toshiba Asia Pacific Pte.,Ltd., has
celebrated the opening of a branch office in Yangon in the Republic of
the Union of Myanmar, with an opening ceremony attended by the Chief
Minister of the Yangon Region Government, Mr. Myint Swe, and other
honored guests.

Separately, Toshiba Corporation today announced that it has, with KDDI
Corporation, won an order from Daiwa Institute of Research Ltd. to
supply a compact, energy-efficient modular data center for the
securities exchange system in Myanmar. The securities exchange will be
opened by the Daiwa Institute of Research and Central Bank of Myanmar in
Yangon.

"Toshiba is delighted to make this new step forward in Myanmar" said Mr.
Hidejiro Shimomitsu, Corporate Senior Executive Vice President of
Toshiba Corporation. "We hope to contribute to Myanmar's development
across our product lines, from infrastructure solutions to home
electronics. Our home appliance business in Myanmar started since the
1980s via distributors and our automatic washing machines are still the
most popular brand in Myanmar. Toshiba will fully leverage our
technological progress and leading edge product capabilities to offer
people a better future."

"Toshiba can support providing stable power generation and transmission
solutions that provide the backbone for economic growth for Myanmar"
said Mr. Tetsuya Yoneda, the chief representative of the Yangon Branch
Office. "Currently, in Myanmar, the power distribution per population is
still limited to 25%, and this is planned to be expanded in the coming
years. Toshiba has supplied equipment for Sedawgyi hydropower plant in
1985, and we aim to contribute more to the country infrastructure."

The Myanmar economy is expected to grow as the government promotes
economic deregulation and attracts inward direct investment. Ensuring
sustained growth will require broad investments in social
infrastructure, including power generation and distribution, and
Toshiba's Yangon Branch Office will investigate the market and promote
business in social infrastructure and other areas, such as consumer
products.

The new office will allow Toshiba to establish a stronger presence in
the country and to support Myanmar's economic development.

About Toshiba

Toshiba is a world-leading diversified manufacturer, solutions provider
and marketer of advanced electronic and electrical products and systems.
Toshiba Group brings innovation and imagination to a wide range of
businesses: digital products, including LCD TVs, notebook PCs, retail
solutions and MFPs; electronic devices, including semiconductors,
storage products and materials; industrial and social infrastructure
systems, including power generation systems, smart community solutions,
medical systems and escalators elevators; and home appliances.

Toshiba was founded in 1875, and today operates a global network of more
than 590 consolidated companies, with 206,000 employees worldwide and
annual sales surpassing 5.8 trillion yen (US$61 billion). Visit
Toshiba's web site at www.toshiba.co.jp/index.htm

Source: http://www.news.myanmaronlinecentre.com/2013/07/04/toshiba-celebrates-opening-of-yangon-branch-office-in-myanmar/