Cambodia’s First Car Tire Factory Under Construction, Using Over 150,000 Tons Local Rubber in Next 5 Years

The construction of US$350-million car tire production factory in Svay Rieng, an investment by Chinese firm Cart Tire Co., Ltd, is on track, with the company promising to buy 100% local rubber products estimated to be 150,000 tons in the next five years.

This information was revealed during a construction site inspection by H.E. Sok Chanda Sophea, Minister attached to Prime Minister and Secretary-General of the Council for the Development of Cambodia (CDC) on 1 July.

The project is currently being built on over 50 hectares of land in the Bavet special economic zone in Svay Rieng province and will help create more than 4,000 jobs.

According to the company, in the first year, production will need approximately 50,000 tons of rubber, and the amount will triple in the next five years, or equivalent to almost half of rubber yield registered in 2020.

HE Sok Chenda Sophea stated that the tire factory in Cambodia will help boost the demand for rubber and maintain price stability, as currently, Cambodia exports almost 100% of rubber products to foreign markets.

Figures from the Ministry of Agriculture, Forestry, and Fisheries showed that the rubber yield reached 133,367 tons in the first semester this year, a 5.77% increase compared to the same period last year.

On the same day, HE Sok Chenda Sophea also inspected a US$47-million furniture factory, an investment by Shane (Cambodia) Furniture Co., Ltd,. in the Sin Bavet Economic Zone.

HE Sok Chanda Sophea urged both companies as well as all companies to use local products as much as possible, properly control their waste and protect the environment, and help create jobs for locals.

In June, China-based Jiangsu General Science also revealed plans to build a US$200 million tire plant in Sihanoukville with the capacity to produce 6 million units of passenger car tires annually. (Read more)

- Video Advertisement -

Related Post

China’s tyre manufacturer Sailun plans to build SEZ in Cambodia

Chinese tyre manufacturer Sailun, operating tyre production manufacturing in Svay Rieng province, announced on October 30 that the company would build an industrial park in Cambodia called “Cambodia Kampot Special Economic Zone Project” (Kampot SEZ), Tyrepress reported on October 31. Sailun said that it is preparing to set up a wholly-owned subsidiary, Kampot Bay Investment […]

Cambodia’s Construction Investments Struggle to Recover as 2024 Sees Significant Drop

Cambodia’s construction sector continues to face a challenging period, with approved investment projects in 2024 falling to about 2,190, valued at under $4 billion, a stark contrast to the nearly 4,841 projects worth approximately $12 billion in 2020. The latest report from the Ministry of Land Management and Urban Planning, presented by CBRE Research on […]

USAID Grants USD 55 Million to Cambodia, Prioritizing Food Security, Health, and Environment

The United States, through the United States Agency for International Development (USAID), has allocated over USD 55 million to strengthen Cambodia’s food security, environmental conservation, civil society, health, investment landscape, and demining efforts. This major funding package was detailed in a press release from USAID on 22 and 23 October 2024. Ms. Samantha Power, Director […]

PM Celebrates Inauguration of USD 62 Million Dam Rehabilitation Projects in Mondulkiri

Three major dam rehabilitation projects in Mondulkiri, the Otethipadi, Sen Sokdom, and Sen Monorom dams, have officially been inaugurated, representing a USD 62 million investment aimed at transforming the province’s water infrastructure. The inauguration ceremony, presided over by PM Hun Manet, marked a significant step towards improving local livelihoods, with the projects set to supply […]

Bokor Mountain Cable Car Project Under Study by Sokimex, Doppelmayr, and Confluences

Sokimex Investment Group (SIG) has granted permission for Doppelmayr and Confluences to explore the feasibility of a cable car system on Bokor Mountain in Kampot Province, aiming to boost tourism and economic growth. This announcement was shared on the official Facebook page of SIG on 21 October 2024, confirming the companies’ involvement in assessing the […]

France and EU Set to Boost Phnom Penh Water Supply’s Capacity for Clean Water Development

The French Development Agency (AFD) and the European Union are gearing up to enhance the capabilities of the Phnom Penh Water Supply Authority (PPWSA) initiative to strengthen Cambodia’s water sector, starting in early 2025. This plan, aimed at advancing the Sixth Sustainable Development Goal of universal access to clean water and improved sanitation, was announced […]