Logo of Phnom Penh Post newspaper Phnom Penh Post - China garment giant expands in SEZ

China garment giant expands in SEZ

China garment giant expands in SEZ

Phnom Penh Special Economic Zone Plc (PPSP) has signed a lease agreement for additional land with Marvel Garment Co Ltd, a leading knitwear manufacturer from China.

PPSP is company behind the Phnom Penh Special Economic Zone (PPSEZ), a 357ha industrial park in Kambol district’s Kantaok commune on the outskirts of the capital.

Marvel Garment is the local arm of leading Chinese clothing manufacturer Shenzhou International Group Holdings Ltd.

PPSP non-executive chairman Tan Kak Khun signed the deal with Marvel Garment general manager Yan Delin on Friday.

He said Marvel Garment has continuously expanded its project at PPSEZ and the company – currently in Phase III of development – which covers an area of 43ha.

He said the project is designed as a cluster of garment manufacturing plants, with tailoring, sewing, packaging, warehousing, and printing and embroidery in a complete set.

The transaction involves the lease of 6.4ha of land and is another symbol of cooperation between the two companies to jointly vitalise employment and the economy, said Yan.

He said the company has begun to prepare worker’s dormitories and surrounding facilities and he expects the project to create 17,000 local jobs.

“While setting up the production area, we must arrange for living facilities in advance for future workers,” said Yan.

PPSP customer service manager Hak Serey told The Post on Sunday that the agreement reflected the fast development of his company.

Serey said PPSP has a total of 108 companies operating in the PP SEZ. “Currently, the project is full and we are planning to expand into another area.”

PPSEZ saw $1.139 billion in trade volume last year, up 14 per cent from 2018, reported PPSP.

Ministry of Economy and Finance data show that Cambodia exported $2.688 billion worth of goods through special economic zones (SEZs) last year, up 27 per cent over 2018.

There were 465 companies operating in the Kingdom’s 54 SEZs employing more than 100,000 workers.

MOST VIEWED

  • Ministry mulls ASEAN+3 travel bubble

    The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Courts’ decisions now published as reference source

    The Ministry of Justice has published 44 verdicts from civil litigation cases which can be used as models for court precedents and for study by the public and those who work in pertinent fields. Publication of the verdicts on December 31 came as the result of joint

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • Quarantine site in north Phnom Penh inaugurated

    A four-building quarantine centre in Phnom Penh’s Prek Pnov district was formally inaugurated on January 6. The centre can house up to 500 people, according to Phnom Penh municipal governor Khuong Sreng. At the inauguration ceremony, Sreng said the municipal hall had cooperated with the Ministry

  • China firm to develop Mondulkiri airport

    Tourism to the Kingdom’s northeast corridor could experience a remarkable metamorphosis after the government decided in principle of a Chinese company to study and develop a proposal to build a regional-level airport in Mondulkiri province, according to industry insiders. The Council of Ministers said