Kratie Celebrates the Official Opening of its First USD 140 Million Tyre Factory

• 6 September 2024
• Local News
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Cambodia’s first-ever tyre factory, Newbustar (Cambodia) Tire Co., Ltd., with an investment of USD 140 million, officially opened its doors in the UBE Snuol Special Economic Zone, Kratie province, as per the Cambodia Development Advisor’s press release on 6 September 2024.

The factory, spanning a 40-hectare site, began operations in May 2023, marking a major milestone for the region’s industrial sector. (Read more)

Located within the UBE Snuol Special Economic Zone, this factory is part of a broader initiative hosting various investment projects, including electrical equipment production, solar panel assembly, and tyre manufacturing.

As of now, Cambodia has 26 operational special economic zones, encompassing approximately 775 investment projects, with a combined value of nearly USD 10 billion, providing jobs to around 180,000 workers.

According to the CDC, five projects related to automobile tyre production have already been registered within the SEZ, signifying the growth and potential of Cambodia’s manufacturing industry.

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