Japan’s videogame giant Nintendo Supplier Moves Factory to Cambodia

Japanese electronic device maker MinebeaMitsumi Inc will relocate part of its video game console production operation to Cambodia from China, under the ‘Made in Cambodia’ label.

The company said on Tuesday this week that starting 2020, the company plans to begin assembling here videogame consoles for export, according to Japanese news agency NNA.

The move is seen as a response to US tariffs on products manufactured in China as part of an ongoing trade war between the world’s two largest economies.

MinebeaMitsumi, who supplies videogame giant Nintendo Co, will be upgrading its gaming device-assembling plant in Phnom Penh Special Economic Zone, where the firm also manufactures ball bearings and LED lights.

During a meeting with Samdech Techo Hun Sen, Prime Minister of Cambodia on Wednesday last week, Yoshihisa Kainuma, chairman and CEO of MinebeaMitsumi, said the company invested $327 million in the Kingdom last year.

Mr Yoshihisa said that the company has been given a green light to produce video game consoles that will be labelled ‘Made in Cambodia’.

“The company will soon begin producing PSP games and Nintendo game devices under the ‘Made in Cambodia’ label for export to international market,” he said.

Prime Minister Hun Sen applauded the company’s plans and noted that the ‘Made in Cambodia’ label will make the country more attractive to international investors.

“We are proud that the company will produce electronic devices that carry our country’s name and that these products will be shipped all over the world,” he said.

MinebeaMitsumi established a local subsidiary in Phnom Penh in 2010, becoming the country’s first manufacturer of precision electronic components.

MinebeaMitsumi has also installed nearly 7,000 high-efficiency LED streetlights in Phnom Penh and Siem Reap, according to Mr Yoshihisa.

He said the company employs 7,000 Cambodian workers and that it plans to employ at least 20,000 in the near future.

- Video Advertisement -

Related Post

Cambodia Unveils Modern National Assembly Building with USD25 Million Vietnamese Aid

Cambodia has inaugurated a modern National Assembly administration building, constructed with a USD25 million aid package from Vietnam. The ceremony, held on 21 November 2024, was attended by Samdech Khuon Sodary, President of Cambodia’s National Assembly, and His Excellency Tran Thanh Man, President of the National Assembly of Vietnam, symbolising the enduring friendship between the […]

Brunei’s Khazanah Nasional Targets Multi-Sector Infrastructure Investment in Cambodia

Khazanah Nasional Berhad, a leading investment firm from Brunei Darussalam, has announced plans to explore infrastructure investment opportunities in Cambodia, focusing on health, water resources, transport infrastructure (including railways and airports), and banking. This initiative was discussed during a meeting between PM Hun Manet and Khazanah’s CEO, Mr. Dato Khairul Hamed, on 19 November 2024. […]

Japan Invests Over USD40 Million in Cambodia, Enhancing Economic Partnerships in 2024

Japan has invested over USD40 million in Cambodia during the first ten months of 2024, reaffirming its position as the seventh-largest investor in the country. This development was highlighted in a report by the Council for the Development of Cambodia, released on 19 November 2024. To further strengthen bilateral economic ties, the Cambodian Duke Association […]

Chinese Investor Zhongjiao Tongli Expands Agricultural Ventures in Ratanakkiri and Mondulkiri

China’s Zhongjiao Tongli has announced plans to invest in large-scale cultivation of bananas and mangoes across Cambodia’s northeastern provinces of Ratanakkiri and Mondulkiri, signalling a significant boost for the nation’s agricultural sector. The announcement followed a meeting between PM Hun Manet and Mr. Zhongdi Sun, President of Zhongjiao Tongli, on 6 November 2024, in Kunming, […]

Korean Firm Heungkuk Industry Eyes Investment in Cambodian Cashew Processing Sector

Heungkuk Industry, a leading South Korean construction materials manufacturer, is set to invest in Cambodia’s burgeoning cashew processing sector. The commitment was unveiled during a meeting on 19 November 2024 between HE Vongsey Visoth, Deputy PM overseeing the Office of the Council of Ministers, Mr. Lee Kee Yun, Director of Heungkuk Industry, and Professor Lee […]

ARK Electronics Group Unveils USD1.3 Billion AI driven Industrial Park Project in Kampong Speu

ARK Electronics Group, a leading Chinese company, has announced an ambitious USD1.3 billion investment to establish a 1,000-hectare industrial park in Kampong Speu Province, set to transform the province’s industrial landscape. The announcement followed a high-level meeting between HE Dr. Cheam Chansophoan, Governor of Kampong Speu Province, and Ms. Chang Venza, General Director of ARK […]