Logo of Phnom Penh Post newspaper Phnom Penh Post - Minebea breaks ground on factory

Minebea breaks ground on factory

Minebea breaks ground on factory

Japan's Minebea Company broke ground yesterday on a US$60 million manufacturing plant in Phnom Penh’s Special Economic Zone, paving the way for as many as 5,000 new jobs to be created by the end of 2012, officials said.

The plant will launch in December, and fully take over operations from the plant Minebea is presently leasing in the SEZ by the end of 2012, officials said.

“We decided to invest here because Cambodia was the best place for our next Minebea plant and we saw Cambodian people were very good at working in our industry,” said Minebea Corporate Communications Manager Kumano Yasunari, in a statement.

Kumano Yasunari previously said the company was impressed by the work ethic of Cambodians working at Minebea plants in Thailand, and that influenced their decision to set up operations in the Kingdom.

He said Minebea had researched the location for three years, looking at a number of countries in Asia, including Vietnam, Laos and Myanmar, before making a decision.

Minebea’s Cambodian operations will focus on assembling medium- and small-sized motors, mainly for office-automation equipment, household electrical appliances and digital equipment, according to the statement.

Hiroshi Uematsu, Managing Director of the Phnom Penh SEZ Company, said Cambodia’s relatively cheaper production costs and business-friendly investment policies could make the country a destination for international businesses, especially those from Japan.

“Cambodia will become the next production base for Japanese manufacturers if we keep trying to improve the business environment here,” he said.

Sok Chenda Sophea, Secretary General of the Council for the Development of Cambodia, said he welcomes international investors to the Kingdom, especially Japanese investors.

“This is the right time for them to invest here, and it will help to further develop Cambodia’s growing economy,” he said at the ground-breaking ceremony.

MOST VIEWED

  • ‘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

  • 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

  • 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

  • Kingdom accepts Chinese vaccine, PM first to get jab

    Prime Minister Hun Sen said China would offer Cambodia an immediate donation of one million doses of the Covid-19 vaccine produced by the Sinopharm company. In an audio message addressing the public on the night of January 15, he said Cambodia has accepted the offer and

  • 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

  • More than 5K workers rush from Thailand amid outbreak

    Following the recent outbreak of Covid-19 in Thailand’s Samut Sakhon province, Cambodian migrants working in Thailand were gripped by worry over the situation and many rushed to return to their homeland. Over the past 10 days, more than 5,000 migrant workers have returned from Thailand through