Activities/Announcements

Affordable Housing Design Challenge to Make Special Economic Zones (Sezs) More Sustainable

Phnom Penh, 09 May 2018

An international competition to design 3 000 units of modern and affordable homes, for low-income workers within and nearby the Phnom Penh Special Economic Zone, kicks off today.

The winning design will result in the development of a community that meets the basic needs of its residents, including amenities and features such as stores, cafes, a day care centre, a clinic, and parks. The winner will receive a cash prize of US $20,000, and the second to fifth place winners will each receive US $5000.  

The competition that is open to everyone expects to attract both national and international design professionals, engineers, architects, as well as students specializing in those fields.

The goal of the contest is to improve the social, environmental and economic well-being of Cambodia’s Special Economic Zones. It is being hosted by the UN Development Programme (UNDP), in partnership with the Phnom Penh Special Economic Zone (SEZ) Plc and Building Trust International.

“The Special Economic Zones (SEZs) play an important role in helping boost and sustain Cambodia’s economic development because they serve as economic hubs for foreign direct investment, technology transfer, and trade,” raised by Hiroshi Uematsu, Chief Executive Officer of the Phnom Penh SEZ Plc. “More importantly, they create much needed jobs.”

According to the World Bank, Cambodia’s economic growth is projected at 6.9% in 2018, following an annual average rate of 7.7% in the last two decades. Yet, such rapid growth needs to be sustainable and inclusive, fulfilling the country’s obligation under the 2030 Agenda of Sustainable Development.   

Nick Beresford, Country Director for UNDP in Cambodia, says that achieving the Sustainable Development Goals (SDGs) will require a transition from Special Economic Zones to Sustainable SEZs, places that are greener, cleaner, more efficient, and offering much needed services to local communities in and around the zones. Many of the SDGs’ targets are embedded in the SEZs, such as renewable energy, waste management, decent employment, and especially affordable housing.

Rapid urbanization has led to an influx of low-income workers into Phnom Penh, placing a heavy demand on the city to build affordable and sustainable housing, to provide them and their families decent housing.

“I left my family to work as a factory worker in Phnom Penh 10 years ago.” said Yang Chenda, a 31-year-old female worker. “I always dream that in the future, I will be able to live with my family in a proper shelter, with enough food to eat,” she added.

The collaboration between the Phnom Penh SEZ Plc and UNDP focuses on creating sustainable SEZs. Phnom Penh SEZ is the first to undergo the transformation. With a total land area of 357 hectares, it currently employs 17 000 people, and most of them are female factory workers.  

“The Affordable Housing Design Challenge is a key part of the transformation through a design of a sustainable and affordable housing community in the Phnom Penh SEZ. It will provide low-income workers with an opportunity to have a decent living with their family,” mentioned by David Cole, Director of Building Trust International. “The result of the competition will help make a dream of many low-income workers like Yang Chenda come true.”

More information about the Affordable Housing Design Challenge can be found here
http://www.buildingtrustinternational.org/competition.html.

Pre-Job Training Program on April 24-25, 2018 at Phnom Penh SEZ

In collaboration with the Technology Promotion Association (Thailand-Japan) - TPA an organization based in Bangkok and has more than 40 years’ experience in providing training services and with the Japan-Thailand Economic Cooperation Society - JTECS has established since 1972 in Tokyo, Phnom Penh SEZ Plc. conducted its two-days Pre-Job Training Program on April 24-25, 2018 at Phnom Penh SEZ’s training room with 15 participants from different factories in the zone.  

The training program mainly covered the basic knowledge of company rules and regulations, employee roles and responsibilities, teamwork, working life, positive attitude at workplace, basic safety, grooming and personal hygiene, basic 5S and Kaizen. All participants actively participated in group discussions as well as in sharing their ideas with others to reflect what they have in their factories and how they can utilize what they learned in the program and put into practice.

The training was conducted smoothly and ended successfully.

Grand Opening for WINSUN (CAMBODIA) CO., LTD.

In the morning of April 28th, 2018, Phnom Penh SEZ Plc. was honored to witness the Grand Opening Ceremony of WINSUN (CAMBODIA) CO., LTD., a new Taiwan company producing diapers and pull-ups which we are proud and delighted to have in our zone.

The opening ceremony of this new company was celebrated under the presidency of H.E. CHEA VUTHY represented by Mr. NEANG PUTHEARA from Council for the Development of Cambodia; Officials from Phnom Penh SEZ Administration Office (One Stop Service Center); Mr. TERRY C.R.TAI, President & Chairman of WINSUN (CAMBODIA) CO., LTD.; and several other eminent guests. All the attendees got entertained with the performances of traditional Khmer dance and Chinese lion dance and drum performances.

According to the speech delivered by Mr. TERRY C.R.TAI, President & Chairman of WINSUN (CAMBODIA) CO., LTD., The company has been known as the top-3 largest disposable personal hygiene industry in Vietnam, including products of baby/adult diapers, pull-ups, sanitary napkins and wet wipes and so on. With its products exported to more than 20 countries around the world, over 500 million pieces of related products supplied for each year, and millions of consumers being served every day, including the infants, the elderly and women.

In the land of around 40,000 square meters in Phnom Penh SEZ, the company plans to invest total of 22 million USD in two phases within 5 years. In the first phase, 12 million USD will be invested with two high speed automatic production lines of baby pull-ups and one line of sanitary napkin, and it is expected to reach an annual production value of 30 million USD. It is estimated that the second phase of project will be 10 million USD invested in 2023. Three lines of advanced equipment will be expanded, and the annual output value will achieve over 60 million USD.

With the products to serve for the growing demand of infant market in Cambodia, the company will also successively employ hundreds of talented workers in various fields to conduct professional training both locally and abroad, and offer appreciable benefits and better working environment as well as developing opportunities.

We will keep doing our best to support WINSUN (CAMBODIA) CO., LTD. to conduct their manufacturing and business in the zone. We will also keep trying harder to improve our facilities and services for more companies to come for investment, and we wish WINSUN (CAMBODIA) CO., LTD. prosperity and continuing success in Cambodia.

Phnom Penh SEZ PLC. held Annual General Meeting ("AGM")

The Kingdom’s leading economic zone, the first private Cambodian company on the Cambodian Stock Exchange, received strong approval for its strategy from shareholders

Phnom Penh, 20th April 2018 – On Friday 20th, Phnom Penh SEZ Plc. (listed on the Cambodian Stock Exchange under PPSP) board of directors recapped on financial performance and key activities in the fiscal year 2017, and briefed on the business plan 2018.

“We started the year 2017 with a concrete roadmap to sustainably fuel our future growth. We set ambitious directions and strategies by emphasizing on our competitive advantages within the industry in Cambodia. We have employed these strategies as a framework for our business operations, which we regularly monitor to ensure the achievement of our short- and long-term goals. In particular, the company endeavors to increase its non-land sales revenue portion to 50% by the year 2020. Enabled by an efficient financing strategy, we aim to expand our businesses both vertically and horizontally,” said Lok Chumteav Okhna Lim Chhiv Ho, Chairwoman of Phnom Penh SEZ Plc. in her introduction speech.

“Our net profit for 2017 is US$ 1.68 million, an increase of 16.24% on the year 2016,”says Mr. Fong Nee Wai, Chief Financial Officer of Phnom Penh SEZ Plc.“Our debt-to-equity ratio, a key financial indicator on capital structure, improved to 0.51X from 0.55X in 2016.” He also emphasized on the company’s growth by incorporating more subsidiaries and associates after Initial Public Offering (IPO) to generate more recurring income

During the AGM, Phnom Penh SEZ Plc’s shareholders have approved the minutes of the Extraordinary General Meeting from 22nd December 2017, as well as the 2017 financial statement (finalized on 31 December 2017). Both resolutions were unanimously embraced by the shareholders. In the meantime, Mr. Tanate Piriyothinkul, non-executive director, has been re-elected and appointed for two more years.

The AGM was also a great occasion for Phnom Penh SEZ Plc’s board of directors to present the company’s future development plans to the shareholders. The industrial estate is currently diversifying its offerings to investors into the Cambodian economy by expanding its business model. In addition, they also shed light on potential socially impact housing project in Phnom Penh SEZ: “We plan to allocate 7 hectares of land to develop affordable housing project.” says Hiroshi Uematsu, Chief Executive Officer of Phnom Penh SEZ Plc. “Our main target is the workers inside Phnom Penh SEZ. Currently, we are preparing design contest to make sure that we will come up with the best design. Our primary target is to build livable community.”

POIPET PPSEZ Welcomes the First Tenant

After few years of infrastructure development, Poipet PPSEZ opens to welcome its first tenant- Sumitronics Manufacturing (Cambodia) Co., Ltd.

Phnom Penh, 10th April 2018 – The two companies, represented by Lok Chumteav Oknha Lim Chhiv Ho, Chairwoman of Poipet PPSEZ CO., LTD., and Mr Noriya Mifune, Chairman ofSumitronics Manufacturing (Cambodia) Co., Ltd. signed the land lease agreement. The renowned Electronics Manufacturing Service (EMS) company from Japan is becoming the first tenant of Poipet PPSEZ.

Sumitronics Manufacturing has been operating in rental factory in Poipet city since 2016. This time they decided to set up a new facility of their own for further expansion inside Poipet PPSEZ. 

"We are very proud to welcome Sumitronics Manufacturing to Poipet PPSEZ," said Mr Hiroshi Uematsu, Director of Poipet PPSEZ CO., LTD, “Sumitronics Manufacturing is the first company to join us. We expect more companies to set up their operations at Poipet PPSEZ in the near future.”

This transaction involves the purchase of 1ha of land with an option of 1Ha expansion in the near future. Soon after the land lease agreement is signed, all the necessary preparation for factory construction will start immediately.

"Poipet with its strategic location, geographical connectivity, and abundant young labour force, is becoming a regional hotspot for industrial development in Inter-ASEAN, especially under new economic development model called “Thai +1”. The Royal Government of Cambodia has also put a lot of effort into the infrastructure development to stimulate cross-border business activities, such as new international border gate development, railway rehabilitation, road expansion etc.” said Mr. Hiroshi Uematsu.

This signing is a stepping stone for Poipet PPSEZ and Poipet city to become the driving force of Cambodian economy.

Phnom Penh Special Economic Zone
National Road No.4,
12509 Khan Posenchey,
Phnom Penh, Cambodia.

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