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South Korea-based Taekwang Industrial Company Ltd (Taekwang) will spend approximately US$100 million developing a shoe manufacturing facility in an industrial zone near the Hanthawaddy International Airport in Bago. Construction on the facility has already commenced. Taekwang will manufacture sports shoes for a number of international brands at the facility beginning in 2017. (Source: Myanmar Business Today, 11 November 2014)

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