PHNOM PENH, Dec. 17, 2012 — A Tokyo-based auto supplier, the Yazaki Corporation, on Monday inaugurated an automotive electronic parts plant in Southwestern Cambodia and the products will be supplied to auto plants around the globe.
The 24 million U.S. dollar factory is situated at the Koh Kong Special Economic Zone in Koh Kong province, some 271 kilometers Southwest of Phnom Penh, the capital of Cambodia, Yasuhiko Yazaki, chairman of Yazaki Corporation, said at the inauguration ceremony, adding that the plant employs about 600 workers.
Speaking at the event, Cambodian Prime Minister Hun Sen said besides bringing high technology to Cambodia, the plant will contribute to developing the country’s economy.
“The investment reflects Japanese investors’ trust in Cambodia’s political stability, good security, and good business environment,” he said.
Cambodia has seen a remarkable increase in investments from Japan in the last couple of years. Last Monday, AEON Mall, a Japan ‘s single-largest shopping mall developer, broke ground for the construction of a four-storey shopping mall in Phnom Penh, announcing that the mall will cost up to 205 million U.S. dollars.