Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Mikasa’s Koh Kong factory sees it join Japanese influx

Mikasa’s Koh Kong factory sees it join Japanese influx

121218 07
Building sight: Workers carry bricks at a construction project in the Koh Kong Special Economic Zone earlier this year. Photograph: Heng Chivoan/Phnom Penh Post

MIKASA Corporation, a famous Japanese sports goods manufacturing company, is to invest more than $5 million in building a ball production factory in Cambodia’s Koh Kong Special Economic Zone (KKSEZ) and plans to start construction early next year, according to officials.

Mikasa produces balls for sports such as volleyball, basketball and football, according to its website.

Hiroshi Suzuki, chief executive of the Business Research Institute for Cambodia, which provides economic analysis and research, said the company will invest $5.12 million in the construction of a factory in the Koh Kong Special Economic Zone,
“The company will start construction early next year and it will be completed by October,” Suzuki said.

“The company is very famous in the sporting goods industry, and their products have been used in international matches. It is good for Cambodia,” he said.

According to Suzuki, the plant will produce all the parts and accessories for the balls for export back to Thailand where they will be assembled into the final product.

Bun Leut, Koh Kong provincial governor, also confirmed that the company has been in talks with the KKSEZ to start construction on the plant.

“I have not met with the company about the project, but I was told by the owner of the KKSEZ that Mikasa will start construction next January,” he said.

Cambodia has seen an increase in Japanese companies setting up operations in recent months.

Most recently, Yazaki, a car electronics and instrument plant launched operations in the KKSEZ, Aeon Mall has invested over $200 million in Phnom Penh and electronics firm Minebea has made a $60 million investment.

Japanese investment in Cambodia reached $75 million last year, up from $35 million in 2010, according to the Japanese Embassy.

Prime Minister Hun Sen said at the launch of Yazaki Corporation site yesterday that Cambodia has political stability and a good relationship with neighbouring countries, as well as open investment laws, making it attractive to Japanese firms.

“There are two things that bring Yazaki and other investors to Cambodia – first is the political stability in the country, second is the relationship between Cambodia and Thailand,” he said.

Data from the Japanese Business Association of Cambodia, who work to boost business between the countries, shows a rise in membership from 50 companies to 100 in February of this year.

0

Comments

Please, login or register to post a comment

Latest Video

ACLEDA President In Channy on the key to the bank’s success

Post Khmer Editor-in-Chief Kay Kimsong sat down with Dr In Channy, President and Group Managing Director of ACLEDA Bank Plc, to explore the main principle guiding Cambodia’s biggest bank.

A taste of Phnom Penh's first container night market

At the launch of Phnom Penh's newest market, The Post spoke to customers and stallholders about what the hub of bars, food stalls, shops and live music will add to the city's nightlife.

Directors discuss the 'rebirth' of Cambodian cinema

"I believe that Cambodian people have creativity in their blood ... There will come a time where a Golden Age of cinema will come back."