Teka opens market in Myanmar
Teka continues its international expansion by incorporating to its client’s portfolio countries where the company had no presence before. Myanmar, formerly Burma, joins the list of places where it can be purchased our products.
At the hand of Teka Thailand, the subsidiary that is leading the opening process, our Group increases its presence in Southeast Asia through the distributor Empire Holding, which plans to open its first showroom in the month of November.
Myanmar has a population of 60 million inhabitants and it is becoming an attractive country for foreign investment. According to analysts’ forecasts its GDP is expected to quadruple by 2030 and to increase consumer spending up to 75,000 million euros in less than 20 years.