CDC Approves 11 Investment Projects Worth US$57.9m in Four Provinces

Sommana Yan
8 February 2023
Local News
4537 Views

The Council for the Development of Cambodia (CDC) has given permits to 11 private firms to invest a total of US$57.8 million in establishing 11 factories in Kandal, Kampong Speu, Sihanoukville and Phnom Penh.

“ONTIME INDUSTRIAL CO., LTD.” will invest US$9 million to establish a metal furniture assembly plant in the Cambodian Special Economic Zone, Cheang Gorji, Sihanoukville province.

“TIENS TEXTILE (CAMBODIA) CO., LTD” will invest US$6.4 million to establish a garment and textile factory in the house, located at Plot 1, National Road 41, Daun Keo village, Sendey commune, Samrong Tong district, Kampong Speu province.

“ALL WIN SHOES (CAMBODIA) CO., LTD” will invest US$6.4 million to establish a shoe factory in Rong Ko village, Samrong Tong commune, Samrong Tong district, Kampong Speu province.

“PRECISION GARMENT & BAG INDUSTRIES CO., LTD” will invest US$5.8 million to establish a factory to produce bags, garments, garments, cards, masks and accessories located in Trav village, Toek Laak commune Kong Pisey district, Kampong Speu province.

“JUNGKWANG EVERGREEN GARMENT CO., LTD” will invest US$5.5 million to establish a garment factory with an investment location on Street 224, Trapeang Thleung 4 village, Sangkat Choam Chao I, Khan Por Senchey, Phnom Penh.

“FUNDAY GARMENT CO., LTD” will invest US$5.5 million to establish a garment factory located on National Road 4, Ang Snuol I village, Peuk commune, Ang Snuol district, Kandal province.

“HANWANGDA BAGS (CAMBODIA) CO., LTD” will invest US$5.4 million to establish a factory to produce all kinds of bags located in Sleng village, Moha Saing commune, Phnom Sruoch district, Kampong Speu province.

“EVERICH OUTDOOR PRODUCTS (CAMBODIA) CO., LTD” will invest US$5.2 million to establish a factory to produce bags, located in Tuol Thnong village, Preah Nipvan commune, Kong Pisey district, Kampong Speu province.

“BRIGHT LUCKY ENTERPRISE (CAMBODIA) CO., LTD” will invest US$5.1 million to establish a shoe accessories factory located in Ang Takov village, Sangkat Kork Roka, Khan Prek Pnov, Phnom Penh.

“THREE-COLOR STONE STATIONERY (CAMBODIA) CO., LTD.” will invest US$3 million to establish a stationery factory (Chrono filing) in the special economic zone of Sihanoukville, Sihanoukville province.

“HESTRA (CAMBODIA) CO., LTD.”will invest US$600k to establish a factory for the production of sports equipment made of leather and fabric, located in the Special Economic Zone of the Royal Group Phnom Penh, Phnom Penh.

According to the Council for the Development of Cambodia (CDC), the eleven new projects will create 12,710 jobs.

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