Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Garment exports: So Nguon trucking sees growth

Garment exports: So Nguon trucking sees growth

CAMBODIA’S largest trucking company So Nguon Group claims its revenues over the first eight months this year have nearly reached total revenues for all of 2009, as business from garments picks up.

The firm generated revenues of over US$7 million so far this year, up from $5.04 million for the same period last year.

“Our revenue soared because of an increase in transportation of textile products,” group director So Nguon said yesterday.

Ministry of Commerce statistics show garment exports totalled $1.628 billion during the first seven months of 2010, an annualised 13.4 percent increase from $1.436 billion last year.

With some 200 lorries presently in operation delivering shipping containers throughout the country, So Nguon anticipates business will continue to rise.

“With the increase exports of garments, we hope to earn more than $11 million from transportation services this year,” he said.

The trucking firm has made 12,600 deliveries of containers in the past eight months, he said. The business ships goods on three main lines from Phnom Penh, connecting with Sihanoukville, Bavet, and Poipet. Last year the firm’s revenue totalled $7.56 million.

0

Comments

Please, login or register to post a comment

Latest Video

Turkish Embassy calls for closure of Zaman schools

With an attempted coup against the government of President Recep Erdogan quashed only days ago and more than 7,000 alleged conspirators now under arrest, the Turkish ambassador to Cambodia yesterday pressed the govern

CNRP lawmakers beaten

Two opposition lawmakers, Nhay Chamroeun and Kong Sakphea were beaten unconscious during protests in Phnom Penh, as over a thousand protesters descended upon the National Assembly.

Student authors discuss "The Cambodian Economy"

Student authors discuss "The Cambodian Economy"

Students at Phnom Penh's Liger Learning Center have written and published a new book, "The Cambodian Economy".