Logo of Phnom Penh Post newspaper Phnom Penh Post - Tyre, furniture plants to fuel industries: official

Tyre, furniture plants to fuel industries: official

Content image - Phnom Penh Post
Shane (Cambodia) Furniture Co Ltd’s project, with an investment capital of $47.7 million, is expected to bring in over 2,000 jobs. CDC

Tyre, furniture plants to fuel industries: official

Two companies’ investments in processing plants for tyres and furniture in Svay Rieng province will spur development in the Cambodian industry of rubber and other agricultural raw materials, according to Council for the Development of Cambodia (CDC) secretary-general Sok Chenda Sophea on July 1.

Chenda Sophea made the remark while leading a CDC delegation to assess the progress of the construction of Chinese-owned Cart Tire Co Ltd’s and Shane (Cambodia) Furniture Co Ltd’s facilities, in separate special economic zones (SEZ) of the province’s Bavet town.

Also present were provincial deputy governor Hem Piseth and representatives of ministries and other government institutions.

Chenda Sophea said: “We welcome the investment projects of both companies, which will contribute to the diversification of the Cambodian economy.”

Content image - Phnom Penh Post
Council for the Development of Cambodia (CDC) secretary-general Sok Chenda Sophea (centre) leads a CDC delegation to assess the progress of the construction of Chinese-owned Cart Tire Co Ltd’s and Shane (Cambodia) Furniture Co Ltd’s facilities, in separate special economic zones (SEZ) of the province’s Bavet town. SUPPLIED

He affirmed that Cart Tire would exclusively buy domestic rubber as raw material in the production of the tyres.

In its first year, the plant would require about 50,000 tonnes of rubber, and 150,000 tonnes in the second, he said, underlining that this was equivalent to around 43 per cent of total domestic rubber production last year.

He also suggested that Shane (Cambodia) Furniture consider buying local raw materials, noting that doing so would grant them an exemption from export duty, or potentially even subsidies.

A Cart Tire representative said the company has worked closely with Svay Rieng University and other educational institutions to scout for students to man the production line.

Content image - Phnom Penh Post
Cart Tire Co Ltd has reportedly worked with educational institutions to scout for students to man the production line of its plant. CDC

Cart Tire has invested in Vietnam since 2011.

Earlier this year, the government approved the company’s plans to set up a car tyre factory on 50ha in QiLu (Cambodia) Special Economic Zone, with an investment of $350 million.

The plant is expected to create 4,000 jobs for locals.

Shane (Cambodia) Furniture’s project, with an investment capital of $47.7 million, was also approved in 2021.

Located on 35ha in New Bavet Special Economic Zone, also known as “Sin Bavet SEZ”, the plant will produce all kinds of furniture using imported raw materials, and is anticipated to generate more than 2,000 jobs.

Content image - Phnom Penh Post

Content image - Phnom Penh Post

Content image - Phnom Penh Post

MOST VIEWED

  • 12th Cambodia int’l film festival to see return of Hollywood star

    Phnom Penh is set to come alive with the magic of cinema as the highly anticipated 12th Cambodia International Film Festival (CIFF) takes centre stage. Boasting an impressive line-up of 188 films from 23 countries, including captivating shorts, feature films, documentaries and animation, the festival promises an

  • Brawl marrs football final as Indonesian take gold in seven goal thriller

    The Indonesian men's U22 men national football team were crowned champions of the 32nd SEA Games in Cambodia, defeating Thailand 5-2 in extra time on May 16 at Olympic National Stadium in Phnom Penh. The match was marred by an ugly incident that occured in the 91

  • Bareknuckle champion wants Kun Khmer fighter

    Dave Leduc, who is the current openweight Lethwei boxing champion in Myanmar, has announced that he will travel to Cambodia this year to challenge SEA Games gold medallist Prum Samnang any time that is convenient, after their planned match later this month in Slovakia was

  • Candlelight Party disqualified from July general election

    The National Election Committee (NEC) has disqualified the Candlelight Party (CP) from contesting the upcoming general election, citing a lack of valid documentation. NEC spokesman Khorn Keomono said the CP failed to fulfil one of the three main requirements: including original documentation proving their registration

  • Thong Khon calls for orderly SEA Games closing ceremony

    Thong Khon, Minister of Tourism and permanent vice-president of the Cambodia SEA Games Organising Committee (CAMSOC), calls on all people who have received tickets to the May 17 closing ceremony of the biennial multi-sports extravaganza at the Morodok Techo National Stadium to ensure that the event

  • 1.4 billion dollar Phnom Penh-Bavet expressway due in four years

    The Government, through the Ministry of Public Works and Transport, has officially signed a public-private partnership agreement with a private company for the construction of a Phnom Penh-Bavet Expressway project that will connect the capital to Svay Rieng province. The budget for the project is