CDC Grants License to Six New Factories in Cambodia with an Investment of Nearly $173M
03/11/18 08:36

Phnom Penh (FN), Nov. 2 – The Council for the Development of Cambodia (CDC) approved six new factories in Cambodia with a total investment of nearly $173 million, according to CDC’s Facebook on Friday.

NORO MALL CO., LTD., a project to establish a supermarket located in Chamkarmorn district, Phnom Penh, has an investment capital of $9.2 million and can create 494 jobs.

SCHNEITEC RENEWABLE CO., LTD., a project of constructing 60-megawatt solar power plant located in Oudong district, Kampong Speu province, has an investment capital of $58.23 million and can create 35 jobs.

LING XIU INT'L CO., LTD., a project that build a five-star hotel with 410 rooms located in Sihanoukville, has a capital investment of approximately $68.98 million and can generate 133 jobs.

CATH PHARMA CO., LTD., a project to establish a pharmaceutical factory located in Sangkat Dangkor, Phnom Penh, has an investment capital of $6.3 million and can create 13 jobs.

SAIER (CAMBODIA) GARMENT CO., LTD., a project to establish a garment factory located in Por Sen Chey district, Phnom Penh, has a capital investment of $4.06 million and can create 1,025 jobs.

HERSHEY PLASTIC INDUSTRIAL (CAMBODIA) CO., LTD., a project to build all types of plastic hoses and plastic products factory located in Kampong Speu Province, has an investment of approximately $26.21 million and can create 391 jobs.
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Kingdom sees 69 factories open
1 November 2018
Cambodia's garment industry saw 69 new factories open in the first nine months of this year. But 32 others closed during the period, said a Ministry of Industry and Handicraft report.

Ministry spokesman Oum Sotha who voiced no concern over the possible removal of Cambodia from the EU’s Everything But Arms (EBA) preferential trade scheme, said factory openings and closings were normal in business.

The report showed that a total of 129 new factories were opened in the first nine months, among which 69 were garment factories.

It also said a total of 40 factories were shut down, among which 32 were garment factories. This left a total of 18,645 workers unemployed.
https://www.phnompenhpost.com/business/ ... ories-open

CDC Grants License to Seven New Factories in Cambodia with an Investment of over US$80M
07/11/18 17:43

Phnom Penh (FN), Nov. 7 – The Council for the Development of Cambodia (CDC) approved seven new factories in Cambodia with a total investment of over US$80 million, according to CDC’s Facebook on Wednesday.

KAUSU EAH LEO BM JOINT STOCK CO, LTD: a project to establish rubber plantation and processing factories located in Lumphat district, Ratanakiri Province, has an investment capital of US$43.6 million and can create 1,140 jobs.

TJN PROPERTIES CO., LTD: a project to build a five-star hotel with 230 rooms located in Sihanoukville, has a capital investment of approximately US$15 million and can generate 315 jobs.

ASIAN DI YI DIAN LAN CO., LTD: a project to establish electrical wiring production plant located in Kampong Speu province, has a capital investment capital of about US$2.1 million and can create 133 jobs.

GRAND PRODUCTION CO., LTD: a project to build furniture factory located in Kandal Province, has a capital investment of US $3.4 million and can generate 249 jobs.

CREDSTAR WASHING & PROCESSING CO., LTD: a project to set up a laundry and dyeing factory located in Kompong Speu Province, has a capital investment of approximately US$2.1 million and can create 184 jobs.

PCAM BEVERAGE CO., LTD: a project to build soft beverages factory located in Khan Por Senchey, Phnom Penh, has a capital investment of US$11.6 million and can create 420 jobs.

Y SENG CO., LTD: a project to establish a tobacco manufacturing factory located in Sihanoukville province, has a capital investment of approximately US$2.3 million and can generate 312 jobs.
=FRESH NEWS

Kingdom approves 41 projects worth $1B
20 November 2018
Data from the Council for the Development of Cambodia (CDC) show that it approved a total of 41 investment projects worth more than $1 billion from September until mid-November.

The approved projects include hotels, garment factories, electrical appliance factories, cosmetics, furniture, beverage, pharmaceutical, plywood manufacturing plants, power plants and agro-industrial crops.

The projects are mostly located in Phnom Penh and Preah Sihanouk, Kandal and Kampong Speu provinces.

Emerging Markets Consulting senior consultant Ngeth Chou welcomed the move.

However, he argued that the government must also set rules regarding the use of local resources to benefit locals.

“It is good that the CDC has approved a lot of investment projects, but the government also needs to require some conditions to make those investments more beneficial to Cambodians,” he said.

Chou cited as an example Chinese-own real estate investment projects in Cambodia that exclusively use imported raw materials and manpower.

“Using local material and human resources is very important because it will help increase income and reduce manpower migration to work abroad,” he said.

According to CDC data, the 41 projects have the potential to create 31,255 jobs.
https://www.phnompenhpost.com/business/ ... s-worth-1b

CDC Grants Licenses to Five Projects with Investment over US$20M in Jan 2019
06/01/19 07:21
Phnom Penh (FN), Jan. 5 – The Council for the Development of Cambodia (CDC), in January, granted licenses to five new investment projects in Cambodia with a total investment of over US$20 million and generated 5,000 jobs, according to CDC’s Facebook on Saturday.

SEES GLOBAL (CAMBODIA) CO., LTD., a project to establish gloves, hats, towels, footwear and sporting equipment factory located in Kandal province, has an investment capital of approximately US$4.1 million and can generate 1,166 jobs.

SHENG XIANG LI (CAMBODIA) CO., LTD., a project to establish a factory producing bags, belts and accessories located in Kandal province, has an investment capital of approximately US$18 million and can create 816 jobs.

CAMBODIAN NEW HUNTER BAG & LUGGAGE CO., LTD, a project to establish all kinds of woven bags factory located in Kampong Speu province, has an investment capital of approximately US$4 million and can create 1,056 jobs.

TECHWAVES ALLIANCE (CAMBODIA) CO., LTD, a project to build handbags and accessories factory located in Kandal province, has an investment capital of approximately US$4.5 million and can create 1,294 jobs.

IREACH FACTORY (CAMBODIA) CO., LTD, a project to establish all kinds of wallets factory located in Kandal province, has an investment capital of about US$4 million and can create 1,079 jobs.
=FRESH NEWS

So after the election the EU was threatening to withdraw the Everything But Arms deal but it seems investment in garments and alike continues. Are negotiations on sanctions ongoing or is it business as usual?

CDC approves $22.5B in projects over 44 months
Hin Pisei | Publication date 10 October 2019 | 21:52 ICT

Cambodia approved a total of 831 investment projects worth more than $22.56 billion between January 2016 and August this year, according to data released on Thursday by the Council for the Development of Cambodia (CDC).

The government approved 171 projects worth $3.6 billion in 2016, 183 projects worth $6.3 billion in 2017 and 255 projects worth $6.4 billion last year, the data shows.

During the first eight months of this year, the CDC approved 222 projects worth more than $6 billion, 81 projects – or $1.88 billion – more compared to the same period last year.

During the period, local investors accounted for 44.7 per cent of investment, followed by Chinese investors (35.31 per cent), Japanese (7.87 per cent), Vietnamese (2.99 per cent), Singaporeans (1.85 per cent), South Koreans (1.79 per cent), Malaysians (1.48 per cent), Thais (1.36 per cent) and other countries (2.46 per cent).

Investment in the tourism sector was highest at 47 per cent, followed by infrastructure investment (23 per cent), industry and manufacturing sector investment (23 per cent) and agriculture and agro-industry investment (six per cent).
https://www.phnompenhpost.com/business/ ... -44-months

Cambodia approves 3 garments-bags projects worth $8.8 mn
Dec 2019

The Council for the Development of Cambodia (CDC) recently approved three investment projects in the bags and garments sector with a total capital investment of $8.8 million. The projects are a bag factory of Quan Ming Handbag (Cambodia) Industrial Co Ltd, a bag and belt factory of Gd New Sky Leather Products Co Ltd, and a garment factory of Tao And Kiven Garment Co Ltd.

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