Japanese Firm, Minebea Cambodia, to Establish US$650m SEZ on 50ha of Land in Pursat

• Sommana Yan
• 28 February 2024
• Uncategorized
• 10770 Views

Minebea Cambodia is set to embark on its second investment project, allocating approximately US$650 million to acquire a 50-hectare plot in Pursat province, where it plans to establish a special economic zone. The decision was announced by HE Sun Chanthol, Deputy Prime Minister & First Vice President of the Council for the Development of Cambodia during an interview on 24 February 2024.

HE Sun Chanthol shared that Minebea Cambodia’s expansion into Pursat aims to create a dedicated economic zone and enhance production line connectivity. The project, scheduled to commence in 2030, is expected to generate 8,000 job opportunities for residents.

The strategic choice of Pursat as the location for this venture is attributed to its proximity to Thailand and convenient access via National Road 5, which has recently been expanded from two to four lanes. Additionally, ongoing efforts are being made to address issues related to the Stung Bot-Banang Ean international border crossing, with progress reported on the Cambodian side of 100% completion. (Read more)

HE Sun Chanthol emphasised that Minebea Cambodia’s commitment to its investment project in Phnom Penh remains steadfast, with continuous expansion of its production line. (Read more)

Minebea Cambodia’s journey in the kingdom began with an initial capital of around US$23 million in 2011, steadily growing to US$600 million. Presently, the company employs 6,911 individuals and manufactures a diverse range of products, including micro motors, fan motors, machine parts, optical components for mobile phones, electronic devices, vibrators for computer games, electronic components, electronic circuits, LED panels, glucose meters, and intelligent public lighting systems.

• Projects Development