WANLI Tire Breaks Ground on New Factory in Svay Rieng, Promising Jobs and Economic Growth

• 13 January 2025
• Local News
• 1663 Views

In a move poised to boost Cambodia’s economy significantly, WANLI Tire has officially begun construction on a state-of-the-art tire manufacturing facility in the Sin Bavet Special Economic Zone. The groundbreaking ceremony was led by HE Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, marking a pivotal moment for the region.

On an expansive 32-hectare site in Bavet City, this ambitious project is expected to create around 1,000 local jobs and inject millions of dollars into the economy. The factory will be constructed in two phases, with plans to produce millions of high-quality tires for domestic and export use.

The decision to invest in Cambodia came following a fruitful meeting between Deputy Prime Minister Sun Chanthol and WANLI Tire’s Mr. Jing Guangjun during a visit to China in October 2023. Their discussions highlighted the importance of strengthening trade ties and fostering economic development through collaboration. (Read more)

Local residents are already buzzing with anticipation as this project takes shape. Many see it as a beacon of hope for new employment opportunities and a boost to local businesses. As construction progresses, the WANLI Tire factory is a testament to Cambodia’s growing reputation as an attractive destination for foreign investment.

With the promise of economic revitalization on the horizon, the community in Svay Rieng is ready to embrace the changes this new venture will bring. The future looks bright as Cambodia continues to evolve into a key player in the manufacturing landscape of Southeast Asia.

• Business and Market
• Projects Development
• Economy and Finance