BUSINESS - Taiwanese shoe manufacturer to invest $100M in Burma

A Taiwan-based manufacturer will invest more than $100 million to construct a shoe factory that will produce 300,000 pairs a year. Pou Chen Group, one of the largest footwear manufacturers in the world, announced that they hope to start production in Burma at the end of 2015 and will likely increase its capacity to product 800,000 pairs a year by 2018. Currently, Pou Chen has shoe factories in China, Vietnam and Indonesia.