Friday, 16 December 2011
Posted by Serath
PHNOM PENH, (Cambodia Herald) - Japanese component manufacturer Mineaba Co Ltd plans to inaugurate on Saturday a newly-built factory to produce medium and small-sized motors for office automation equipment, household electrical appliances and digital equipment, industry sources said.
The sources said that Prime Minister Hun Sen was expected to attend the inauguration ceremony hosted by Mineaba (Cambodia) Co Ltd on Saturday afternoon at the Phnom Penh Special Economic Zone, where the company has been building the new plant on a 20-hectare site.
The inauguration comes a year after Minebea announced plans to invest about five billion yen ($62.5 million) on the plant, making it the first Japanese component manufacturing facility in Cambodia.
At the time, Mineaba said the investment in Cambodia represented the first large-scale production site since the company set up its Shanghai plant in China in 1994.
The Japanese company says it plans to employ up to 5,000 people and develop the Cambodian site into a volume production structure second only to its Chinese factory.
Minebea has been expanding its operations in Asia since launching production in Singapore in 1972. At the end of last year, production in Asia excluding Japan exceeded 80 percent of the company's total production. Asian production facilities include five plants in Thailand, five in China, two in Singapore and one in Malaysia.
At the time of last year's announcement, Mineaba said the plant in Cambodia would produce motors from parts from its plants in Thailand, which are not subject to value-added taxes on imports in the special economic zone.
PHNOM PENH, (Cambodia Herald) - Japanese component manufacturer Mineaba Co Ltd plans to inaugurate on Saturday a newly-built factory to produce medium and small-sized motors for office automation equipment, household electrical appliances and digital equipment, industry sources said.
The sources said that Prime Minister Hun Sen was expected to attend the inauguration ceremony hosted by Mineaba (Cambodia) Co Ltd on Saturday afternoon at the Phnom Penh Special Economic Zone, where the company has been building the new plant on a 20-hectare site.
The inauguration comes a year after Minebea announced plans to invest about five billion yen ($62.5 million) on the plant, making it the first Japanese component manufacturing facility in Cambodia.
At the time, Mineaba said the investment in Cambodia represented the first large-scale production site since the company set up its Shanghai plant in China in 1994.
The Japanese company says it plans to employ up to 5,000 people and develop the Cambodian site into a volume production structure second only to its Chinese factory.
Minebea has been expanding its operations in Asia since launching production in Singapore in 1972. At the end of last year, production in Asia excluding Japan exceeded 80 percent of the company's total production. Asian production facilities include five plants in Thailand, five in China, two in Singapore and one in Malaysia.
At the time of last year's announcement, Mineaba said the plant in Cambodia would produce motors from parts from its plants in Thailand, which are not subject to value-added taxes on imports in the special economic zone.
2 comments:
This means another 5,000 jobs for Cambodian who are desperately in need of employment. More foreign inverstors in Cambodia mean creating more jobs for Cambodian. I just hope that the factory location isn't locate in a flood-zone area. We know the consquences of this in Thailand, where an astimate of $2 billions of lost for Thailand and $11 billions lost for those companies around Bangkok that suffered by flooded water.
Good point about flood zone precaution 5:30 AM.I hope PP Sp Ec zone is located somewhere West of Pochenton toward Kg Speu where the terrain is gradually elevated toward mountainous area (if my memory from my high school Geography didn't fail me). Cambodians of new generation must study hard to meet the ever fast changing technological trends of present day challenging world . Starting with motors then moves upward the scale toward Integrated Circuit manufacturing etc.. Ancient Khmer had big dream for our nation. Khmer writer even wrote about real mechanical flying machine (ហង្សយន្ត)but unfortunately the prototype was burned in mid air malfunctioning (bad, hot, shorted motors?? then caught on fire?).
It's up to the new generation to rebuilt our country for everlasting peace and prosperity.
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