An assembly factory costing $36.7 million will be built in Phnom Penh by Toyota Tsusho Manufacturing (Cambodia) Co Ltd, according to a statement issued by the Council for the Development of Cambodia (CDC). The CDC's Cambodian Special Economic Zone Board (CSEZB) yesterday approved the registration of the aforementioned investment project.
In the publicly traded Royal Group Phnom Penh Special Economic Zone (Royal Group PPSEZ) along National Road 4, about 8 kilometers from Phnom Penh International Airport, Toyota would hire about 150 personnel to operate an assembly line for Toyota brand cars, according to the release.
According to Sokkong, who is also the MISTI spokesman, these auto assembly plants are situated in Phnom Penh, Pursat, and special economic zones in Poipet of Banteay Meanchey and Bavet of Svay Rieng province. He also noted that large manufacturing firms, including Japanese companies, typically take at least five years to conduct market research.
Because they have a long-term perspective on business, he added, "They always conduct studies very thoroughly on the investment environment, business environment, government policies, and market before entering our country to set up factories. This means they come to our country to assemble automobiles not only to supply the domestic market but also overseas markets."
Source: Council of The Development of Cambodia (CDC)
