Logo of Phnom Penh Post newspaper Phnom Penh Post - Yamaha hit by slump

Yamaha hit by slump

Yamaha hit by slump

Plans have been scaled back and construction slowed on a new Yamaha motorcycle manufacturing facility planned for Phnom Penh, the local partner in the joint venture facility said Monday. "In the original plan, we planned to start production in October 2009, but due to the financial crisis we delayed the plant construction for three months and just recently continued," said Kong Nuon, the president of Kong Nuon Import & Export. "We expect to finish the plant in early 2010." Kong Nuon said the company had also dropped its planned annual capacity of 30,000 motorcycles in the first year by at least 30 to 40 percent in response to falling auto sales across the Kingdom. He said demand for motorcycles reached 130,000 units in 2007, but expected a "serious drop" in sales over the next few years as a result of the slump. The $11.5 million, 94,890-square-metre joint-venture facility, is being built in the Phnom Penh Special Economic Zone. The company, Yamaha Motor Cambodia (YMKH), was formed in October last year. Yamaha Motor holds a 70 percent stake, Toyota Tsusho 20 percent and Kong Nuon Import & Export the remainder. It has replaced Asia Motors Co (AMC), a joint venture between Toyota Tsusho and Kong Nuon Import & Export. 

MOST VIEWED

  • WHO: Covid in Cambodia goes into new phase

    The World Health Organisation (WHO) in Cambodia said that Cambodia has reached a new phase of the pandemic with “decreasing case numbers, high vaccination coverage and a more transmissible circulating variant threatening a hidden surge”. In a press release on September 6, the WHO said that

  • Purging Sihanoukville’s past with a new masterplan

    Amid illicit activities, haphazard development and abandoned projects, the coastal city of Sihanouk province needs a reset to move forward. A new masterplan might be the answer to shake off its seemingly mucky image to become the Shenzhen of the south Gun toting, shootouts, police

  • 'Pursue your goals, reach out to me': Young diplomat tapped as envoy to South Korea

    Chring Botum Rangsay was a secretary of state at the Ministry of Foreign Affairs and International Cooperation before being designated as the new Cambodian ambassador to South Korea. According to her official CV published on the foreign ministry’s website, she started her first government

  • Chinese may be first in tourism revival: PM

    Cambodia's tourism industry is gearing up to roll out the red carpet for Chinese travellers after Prime Minister Hun Sen on September 17 indicated that the Kingdom could soon throw open its doors to international holidaymakers vaccinated against Covid-19 – starting with guests from China. Cambodia Chinese

  • School reopening ‘offers model for other sectors’

    World Health Organisation (WHO) representative to Cambodia Li Ailan said school reopening process should be used as a role model for reopening other sectors currently mothballed by the Covid-19 pandemic. Li strongly supports the government’s decision to reopen schools, saying it is a decision

  • Tourism concerns laid bare

    To ensure the success of plans to reopen the tourism market for international visitors, Cambodia must pay utmost attention to two primary determinants – the ongoing paradigm shift in domestic tourism services towards the ‘new normal’, and the factors influencing choices of destinations among foreign holidaymakers.