Sailun Group to Boost Cambodia’s Rubber Processing Industry with Expanded Investment

• 8 November 2024
• Local News
• 1490 Views

Chinese tire manufacturing giant Sailun Group has announced a substantial plan to increase its investment in Cambodia’s rubber processing industry, aiming to expand the output of its Svay Rieng-based tire factory.

This key decision was highlighted during discussions between Yuan Zhongxue, Honorary Chairman of Sailun Group, and PM Hun Manet at the 8th Greater Mekong Subregion (GMS) Summit in Kunming, China, on 6-7 November 2024.

At the meeting, Mr. Yuan confirmed Sailun’s intentions to intensify its rubber processing into various high-demand products, particularly tires, focusing on domestic and international markets.

PM Hun Manet voiced firm support for this expanded investment, recognizing its potential to boost Cambodia’s production capacity, strengthen economic development, and bring new employment opportunities. He encouraged Sailun Group to collaborate closely with relevant ministries to ensure smooth project facilitation.

Sailun Group has a history of investing in Cambodia, establishing its tire manufacturing plant in Bavet City, Svay Rieng province. The company is also preparing to establish the Kampot Special Economic Zone, reflecting Sailun’s growing commitment to integrating its operations within Cambodia’s industrial infrastructure and regional economy. (Read more and more)

The planned expansion by Sailun Group is expected to create substantial employment opportunities, invigorate local industry, and position Cambodia as a rising contributor to the global rubber industry. This move aligns with the company’s goal to advance partnerships, develop regional capacity, and strengthen Cambodia’s role in the global supply chain.

• Business and Market
• Projects Development
• Cooperation and networking