Logo of Phnom Penh Post newspaper Phnom Penh Post - Makro breaks ground on capital’s first wholesale retail warehouse

Makro breaks ground on capital’s first wholesale retail warehouse

An exterior view of the construction site of Makro’s wholesale retail warehouse in Phnom Penh. Photo supplied
An exterior view of the construction site of Makro’s wholesale retail warehouse in Phnom Penh. Photo supplied

Makro breaks ground on capital’s first wholesale retail warehouse

Makro Cambodia, the local arm of international cash-and-carry wholesaler Makro, held a groundbreaking ceremony yesterday for construction of its first outlet in the Kingdom, which is expected to launch operations in December.

The 10,000-square-metre wholesale retail warehouse will be built on a 5-hectare plot in Pong Peay City, a residential and retail project under development in the capital’s Sen Sok district.

Makro Cambodia is a joint venture between Thailand-listed company Siam Makro and LYP Group, a conglomerate owned by Cambodian tycoon and ruling party senator that is also the developer of Pong Peay City.

Suchada Ithuarukul, the chief executive of Siam Makro, said during the groundbreaking ceremony that the stable growth of Cambodia’s economy and the continuous expansion of Phnom Penh were providing a huge opportunity for Makro’s warehouse club model. She said the outlet’s customers would include small retailers, food and service providers, hotel and restaurants.

“We set a wide range of quality products and supplies so that our members customers, like small retailers and food services providers, can operate at a good margin and will allow them to manage cash flow effectively for sustainable growth,” she said.

Suchada added that Makro Cambodia was committed to collaborating with local farmers and suppliers to develop high quality, safe and clean products for its customers.

Neither representatives of Siam Makro nor LYP Group were willing to disclose details on the joint venture’s investment capital.

According to a filing by Siam Makro to the Stock Exchange of Thailand in September, the joint venture is 70 percent owned by Makro ROH Co Ltd, a wholly owned subsidiary Siam Makro, and 30 percent by Cambodian investors, with $2 million in initial registered capital.

MOST VIEWED

  • Without shoes or a helmet, a young cyclist steals the show

    Pech Theara gripped the curved handlebars of his rusty old bike, planted his bare feet on its pedals and stormed as fast as he could towards the finish line. The odds were against him as the 13-year-old faced off against kids with nicer bikes at

  • Phnom Penh-Sihanoukville expressway on schedule

    The construction of the more than $1.9 billion Phnom Penh-Sihanoukville Expressway has not been delayed despite the Covid-19 pandemic, with more than 26 per cent of the project completed and expected to finish in about two years, according to Ministry of Public Works and Transport secretary of

  • Over 110 garment factories close

    A government official said on November 22 that at least 110 garment factories had closed in the first nine months of the year and left more than 55,000 workers without jobs – but union leaders worry those numbers could be much higher. Ministry of Labour and Vocational Training undersecretary

  • Singapore group seeks $14M in damages from PPSP over ‘breach of contract’

    Singapore-based Asiatic Group (Holdings) Ltd is seeking a minimum of $14.4 million relief from Cambodia Securities Exchange (CSX)-listed Phnom Penh Special Economic Zone Plc (PPSP) for allegedly breaching a power plant joint venture (JV) agreement. Asiatic Group’s wholly-owned Colben System Pte Ltd and 95 per

  • PM vows to protect Hun family

    Prime Minister Hun Sen has vowed to continue his fight against opposition politicians who he said intend to smash the Hun family. Without naming the politicians but apparently referring to former leaders of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP), Hun Sen said there

  • Cambodia lauded for fight against Covid-19

    Cambodia has drawn global accolades for its handling of the Covid-19 pandemic, with a new report finding that the Kingdom has controlled the pandemic better than any other country in Asia. Dr Takeshi Kasai, director of the World Health Organisation’s (WHO) Western Pacific region,