US$300-million tire factory in Sihanoukville SEZ inaugurates officially

The US$-300 million tire factory has officially inaugurated with a production capacity of about 1.3 million tires per year.

The inauguration ceremony of the factory was held under the presidency of Samdech Techo Hun Sen, Prime Minister of Cambodia on May 22.

Invested by General Tire Technology (Cambodia) Co., Ltd, the factory equips modern technology in accordance with the policy of industrial development of Cambodia, a high value-added industry.

The plant will consume nearly 5,000 tonnes of local natural rubber raw materials per year, which could help boost Cambodia’s natural rubber market, Samdech Techo Hun Sen said.

“Cambodia wants to attract industrial investment that uses local raw materials such as rubber, cashew nut which generates jobs for local people and brings new modern technology to Cambodia which is in line with the Industrial Policy,” he said.

Being the large factory in investment amount in the SSEZ, the plant can produce tires and employ about 1,150 workers.

The General Thai Technology (Cambodia) Co., Ltd is the second tire factory after the first tire factory in Bavet City, Svay Rieng Province. The third tire factory has recently broke ground for its construction in Kratie province. (Read more)

 

- Video Advertisement -

Related Post

Investment Surge in Cambodia: 13 New Projects Proposed

In a promising development for Cambodia’s economy, a group of investors has submitted applications for 13 qualified investment projects, boasting a combined capital of USD 318 million. The Council for the Development of Cambodia has commenced a thorough evaluation of these proposals, signaling a potential boost to the nation’s industrial landscape. During a meeting held […]

Cambodia Sees Surge in Investment: 231 New Projects Worth USD 3.4 Billion Approved in Early 2025

In an encouraging start to 2025, Cambodia has demonstrated robust economic growth, with the Council for the Development of Cambodia approving 231 new investment projects in the first four months, totaling an impressive USD 3.4 billion. This marks a significant increase of 34% in investment capital compared to the same period last year. The latest […]

Taiwanese Tech Giant ADATA Expresses Interest in Investing in Cambodia’s Technology Sector

In a significant development for Cambodia’s tech landscape, ADATA Technology Co., Ltd., a leading Taiwanese technology company, has officially expressed its interest in investing in the country’s advanced technology sector. This announcement came during a meeting between Cambodian Prime Minister Hun Manet and ADATA Chairman CHEN Simon held on April 30, 2025. During their discussion, […]

Significant Economic Growth in Cambodia as of Early 2025

In a promising development for Cambodia’s economy, the country witnessed an impressive increase in enterprises during the first quarter of 2025. The total number of registered businesses and establishments reached 45,255, adding 457 new enterprises compared to the previous quarter. This growth is further accompanied by a significant boost in employment, with the workforce now […]

Japan to Develop 50MW Biomass Power Plant in Kampong Speu

Erex Co., Ltd., a prominent Japanese investment firm, has announced plans to construct a 50MW biomass power plant in Kampong Speu province, with construction set to begin in June 2025. The ambitious project aims to bolster the region’s energy supply and provide more affordable electricity for Kampong Speu and neighboring areas. This significant announcement came […]

Groundbreaking for Cambodia’s First Electric Vehicle Assembly Plant in Sihanoukville

BYD Cambodia Co., Ltd., a subsidiary of the renowned BYD Auto Industry, has officially commenced construction of its first electric vehicle (EV) assembly plant in Cambodia. The new facility is strategically located within the Sihanoukville Special Economic Zone. His Excellency Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development […]