Japanese auto supplier sets to launch auto parts factory in Cambodia

Yazaki North America Headquarters

In September, AEON Mall, a Japan’s single- largest shopping mall developer and the largest retailing operator, said that it would invest 200 million U.S. dollars to build a four- story shopping mall in Phnom Penh and the construction will be started next week.

PHNOM PENH, Dec. 5, 2012 (Xinhua)— A Tokyo-based auto supplier, the Yazaki Corporation, has completed the construction of an automotive electronics and instrument plant in Cambodia and the production will be launched later this month , a company representative said Wednesday.

Speaking during a meeting with Cambodian Prime Minister Hun Sen at the Peace Palace, Yasuhiko Yazaki, chairman of Yazaki Corporation, said that the plant was built in the Koh Kong Special Economic Zone in Koh Kong province, some 271 km Southwest of Phnom Penh, the capital of Cambodia.

He said that plant is equipped with sophisticated technologies and automotive products made from the factory will be exported to countries around the globe.

It will be inaugurated on Dec. 17 and Hun Sen will preside over the inauguration ceremony.

Yazaki did not give the details of the factory’s investment cost and production capacity.

Besides, he said that the firm also planned to produce solar system and agricultural appliance in Cambodia.

Hun Sen said the country would be pleased to see the factory’s launching.

He assured him that investment in Cambodia was safe because the country has no any risks in either natural disasters or politics.

Cambodia has seen remarkable increase in investments from Japan in recent few years. In September, AEON Mall, a Japan’s single- largest shopping mall developer and the largest retailing operator, said that it would invest 200 million U.S. dollars to build a four- story shopping mall in Phnom Penh and the construction will be started next week.