Cambodia approves 5 companies to set up factories worth over $50 mn

12 Jul '23

2 min read

Pic: Council for the Development of Cambodia (CDC)/Facebook

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The Cambodian Investment Board (CIB) has approved five companies to set up factories across the country.
The selected firms will collectively invest around $52.2 million in manufacturing materials including garments, textiles, and accessories in Cambodia.
The new investment projects are expected to generate thousands of employment opportunities.

Five companies have been granted investment plan registration certificates by the Cambodian Investment Board (CIB), part of the Council for the Development of Cambodia (CDC). These firms, mainly involved in textiles and garments, plan to set up factories across the country, investing around $52.2 million and creating thousands of job opportunities.

The companies granted the certificates are Taral International Co Ltd, Super Knitting (Cambodia) Co Ltd, SSCA Garment Co Ltd, Foton Packaging Product Co Ltd, and United Creation Optical (Cambodia) Company Limited, the CDC said in a Facebook post.

Taral International Co Ltd is slated to invest approximately $26.6 million in a garment tailor factory situated in Kong Pisey district, Kampong Speu province. This venture is expected to generate 6,736 jobs.

Super Knitting (Cambodia) Co Ltd has unveiled plans to establish a factory for socks, gloves, knitted shirts, and clothes in Bati district, Takeo province. With an estimated investment of $6.6 million, the factory is projected to create 3,007 jobs.

SSCA Garment Co Ltd proposes to invest $6.2 million in a sewing factory in Koh Thom district, Kandal province. This endeavour is expected to result in 1,141 job opportunities.

Foton Packaging Product Co Ltd plans to launch a factory producing bags, handbags, and clothing accessories in Phum Tabor, Pich Sar Commune, Koh Ondet District, Takeo Province. With an investment of $6.1 million, the firm aims to generate 1,331 jobs.

Fibre2Fashion News Desk (NB)

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