THE SUZUKI Motor Corp of Japan has formed a joint venture in Cambodia to begin making
around 10,000 motorcycles a year, according to Associated Press.
Suzuki would become the first major Japanese manufacturer to set up a factory in
Cambodia since civil war broke out in 1970.
The new joint venture, capitalised initially at US$500,000, is owned 51 per cent
by a Cambodian office automation equipment trader and the remainder held by Suzuki,
AP reported, quoting the Japanese newspaper Nihon Keizai Shimbun.
The local partner company is OMC Co of Phnom Penh, according to the Cambodia Daily.
It said the joint venture company, the Cambodia Suzuki Motor Co Ltd, is expected
to begin hiring staff soon for a factory on the outskirts of Phnom Penh. It would
be a $2.2 million venture.
The paper quoted Sok Chenda, secretary general of the Council for the Development
of Cambodia, as saying that two other popular vehicle brands, Japan's Honda and Malaysia's
Modenas Kriss Angkor, are expected to begin assembling their models in Cambodia soon
as their joint venture companies had already received state approval on importing