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.
Yamaha hit by slump
- Ministers to tackle sea pollutants
Preah Sihanouk provincial authorities and members of local communities have collected 77 tonnes of water hyacinth at a Sihanoukville beach, Preah Sihanouk Provincial Hall spokesperson Or Saroeun said. He told The Post yesterday that the aquatic weeds had been floating along some of the province’s
- EU timber deal in firing line
A committee of more than 20 national and international organisations filed a petition to the EU on October 10 to prevent it from signing a timber trade agreement with Vietnam, noting that the deal would be disastrous to the Kingdom’s forests. The petition claims Vietnamese timber
- Kim Sok to keep up fight ‘for change’ from Finland
Kim Sok, wanted by the Kingdom’s authorities for defaming the government, reiterated on Sunday his determination to continue helping to make “a real change” to Cambodian politics after receiving asylum in Finland, even as a government spokesman mocked the political analyst over the development.
- PM: Programme to recover Vietnam War missing back on
Prime Minister Hun Sen has announced the resumption of the MIA programme to recover the remains of American service personnel missing after action on Cambodian soil during the Vietnam War. The programme was suspended for more than a year after the US government imposed visa