Logo of Phnom Penh Post newspaper Phnom Penh Post - Government approves two new garment factory investments

Government approves two new garment factory investments

Workers at the Kin Tai garment for Armani jeans on the outskirts of Phnom Penh in late 2015.
Workers at the Kin Tai garment for Armani jeans on the outskirts of Phnom Penh in late 2015. Kimberley McCosker

Government approves two new garment factory investments

The Council for the Development of Cambodia (CDC) has approved two more garment investment projects with a combined investment capital of $8.8 million, according to an announcement released today.

According to the CDC announcement on its Facebook page, Timbermet (Cambodia) will invest $2.34 million into a factory to be built in Por Sen Chey district’s Choam Chao commune. Once it is operational, it is expected to provide 854 jobs.

Panefort (Cambodia) Garment will invest $6.46 million into a factory to be built in the Kien Svay district of Kandal province which once operational will provide 2,050 jobs.

Since the CDC began publishing investment decisions on Facebook last month in a bid to increase transparency, the government body has approved seven garment and footwear related investment projects with a total investment capital valued at about $20 million.

CDC officials declined to comment on the new investment projects or to provide a timeline for when they would be completed.

MOST VIEWED

  • Construction begins on $1.5B Kampot seaport

    The International Multi-Purpose Logistics and Port Centre, principally invested by Kampot Logistics and Port Co Ltd and projected to cost $1.5 billion, has officially broken ground in Bokor town, Kampot province. The multi-purpose logistics and port centre, located in Prek Tnaot commune, will be built on

  • Cambodia eyes key role in electronics, auto hubs in SEA

    Two roadmaps, part of the LDC’s economic diversification plan, were designed to see it through its migration process, but experts say the journey might be arduous, particularly in the presence of two established hubs in the region By 2028, Cambodia hopes to have exited the

  • Hun Neng, lawmaker and PM’s brother, passes away aged 72

    Hun Neng, chairman of the 4th Commission of the National Assembly, has passed away from heart disease at the age of 72 on the afternoon of May 5, according to the Ministry of Information. Hun Neng is the older brother of Prime Minister Hun Sen, and was

  • Massive stingrays may live in Mekong’s deep pools

    US scientists have suggested that unexplored deep pools in the Mekong River in an area of Stung Treng could potentially be home to significant populations of giant freshwater stingrays, one of the world’s largest freshwater fish species. This comes as a fisherman hooked a 180

  • CCC team off on US business trip

    The Kingdom’s leading economists and private sector representatives have called on the US to renew its tax preferential status for Cambodian exports, as a Cambodia Chamber of Commerce (CCC) delegation departed for a weeklong business visit to the US, where they will meet with

  • PM meets with US business giants

    Prime Minister Hun Sen has met with a number of major US companies who have expressed interest in investing in Cambodia, in a meeting convened by the US-ASEAN Business Council (US-ABC). A delegation of companies – including Amazon, Meta, Chevron, ConocoPhillips, ExxonMobil, Ford, Visa and Pernod