Phnom Penh SEZ Office, 21st October 2016 – Mr. Jirawuth Suwanna-Arj, Minister Counselor of Commercial Affairs, Royal Thai Embassy in Phnom Penh (Director of the Office of International Trade Promotion in Phnom Penh) and his team visited Phnom Penh Special Economic Zone (PPSEZ). His team is welcomed by our senior management team to discuss and exchange view on trade and investment privilege in Phnom Penh SEZ.
Kingtel Telecommunications Limited is a company providing 4G LTE and Fiber Optic internet services. On December 9th 2016, the company celebrated IDC construction ceremony within Phnom Penh SEZ Plc. in order to provide the fastest and most qualified internet services. This new IDC will purposefully increase existing internet speed and quality of both 4G LTE and Fiber Optic services for business, family and personal usage.
“The project is an essential event in the development of the Kingtel meaning that the company has more roots on the development of the telecommunications sector in Phnom Penh, which cannot be overlooked. After the approaching completion of construction in May 2017, the company will consist of the six-floor engine room which is capable of placing thousands of standard racks having high quality data to international 40Gpbs, and fiber optic cable with 100Gpbs capacity connecting with international operators in order to provide consumers the highest quality with Low-Latency on the Internet service use in Cambodia. The company will also play an important role in boosting further economic development.” said Mr. Ye Qiong, chairman of Kingtel, in welcome speech to distinguished representatives of national and international partners such as Huawei, ZTE, CFOCN and Phnom Penh SEZ Plc.
Ms. Jennifer Yang, CEO of Kingtel, and other honorable guests made speeches and strongly hope that the project will launch smoothly and finish as soon as possible in the upcoming year aiming the Kingtel to obtain the rapid growth in providing customers with 4G LTE, Fiber Optic services and other new business schemes.
In significant addition, Kingtel is a largest telecommunications operator in Cambodia with standard frequency license FDD LTE and it is running 4G LTE services and the ISP with faster speed. The company services cover the main cities such as Phnom Penh, Siem Reap and Sihanoukville.
In 2017, Kingtel will continue to expand service sites over other 8 provinces.
Japanese company Minebea celebrates development milestone with inauguration of third factory in Phnom Penh Special Economic Zone
Phnom Penh, 8th December 2016 – The Japan-based electronics manufacturer, which has factories in Thailand, Malaysia and China, celebrates its 5th year anniversary with the inauguration of its third factory in the heart of Cambodia’s leading industrial estate. Construction works are to be completed by the end of the year.
The event was presided over by Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of Cambodia and attended by Mr. Yoshihisa Kainuma, President of Minebea as well as H.E Hidehisa Horinouchi, Ambassador of Japan to Cambodia.
“I remember that on the 17th of December 2011, I was honored to preside over the inauguration of Minebea’s small-sized motor production plan, with H.E Seishu Makino, Vice Minister of Economy, Trade and Industry of Japan. I am happy and fully satisfied with the company’s achievements. These achievements clearly show Minebea’s success and progress in Cambodia with its production line expanded rapidly in such a short period of time,” said Prime Minister Hun Sen.
Minebea manufactures micro actuators and small motors in Cambodia. The completion of its third factory would bring Minebea’s total labor workforce to a staggering 20,000 in the Kingdom.
“In our original investment plan which we had submitted to the Cambodian government for the 1st QIP application at the time, we planned to invest 23 million dollars in five years,” said Mr. Yoshihisa Kainuma, President of Minebea “Unprecedented support by the Cambodian government including Samdech Prime Minister and hard work by our dedicated Cambodian employees have made us confident that we should invest aggressively without fearing risks”.
Minebea’s new factory brings its total investment in the Kingdom to $100 million today with a prevision of more than $250 million once the third building is filled with machinery and production lines. The company is planning to expand is activities by starting in-house precision parts production, which is more value added compared to the assembly of imported parts.
“The inauguration of Minebea’s third factory in Phnom Penh SEZ represents the company’s continued commitment to long-term business development into our industrial estate as well as the sustainable development of local communities in Cambodia,” Says Hiroshi Uematsu, CEO of Phnom Penh SEZ. “Through determination, expertise and professionalism we constantly demonstrate that Phnom Penh SEZ is able to accommodate the largest international companies seeking to benefit from a range of investment incentives, duty exemptions and high quality operational standards.”
The new development highlights once more the ability of the industrial estate to bring a wide range of new industry sectors to the country and to contribute greatly to the diversification of the Cambodian economy.
“As of today, our company is the number one destination for Japanese investment in the country, with 45 Japanese companies inside Phnom Penh SEZ. We are working hard to attract more Japanese and international manufacturers to Cambodia to bring a wide range of more advanced industry sectors to the country, such as mechanical and electrical products, electronic parts and automobile parts.”
Cambodia Beverage Company Ltd., a bottling unit of The Coca-Cola Company, today officially inaugurated a modern bottling facility in Phnom Penh Special Economic Zone
Phnom Penh, 5th December 2016 – Part of its US$100 million investment in Cambodia committed from 2015 to 2018, the facility has seen the light of day in the heart of the industrial estate. The second phase of the project is already being constructed.
The event was presided over by Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of Cambodia and Samdech Kittiprittbandit Bun Rany Hun Sen, and attended by approximately 900 guests. Local authorities, employees from the Cambodia Beverage Company and key partners including Phnom Penh SEZ top management attended the event.
“Today is not just the opening of the newest Coca-Cola facility, but it is the next step in the partnership between Coca-Cola and Cambodia,” says Irial Finan, Executive Vice President of The Coca-Cola Company and President of the Company’s Bottling Investments Group. “Today, we are showing that Cambodia truly is a great country for investment and innovation. If you look at the facility you will see the presence of great innovation: from the plant machinery, to the use of solar power to the state of the art transportation we use to ensure our employees have the best of everything.”
The plant commenced operations of its first phase in July 2016 with two production lines, a showroom, office building, a warehouse and water treatment facility on 12.5 hectares of land. The second and third phase of the project will see three more additional production lines by 2025, which will be adjusted according to the Action Plan and Industrial Development Policy of the government of Cambodia.
“Our decision to invest $100MM into this plant showed people we were serious about Cambodia,” said Finan. “We told people in the United States and many other countries that Cambodia was a great business climate for those looking to expand. Today, we are showing them that Cambodia truly is a great country for investment and innovation.”
The project is also set to improve the local workforce through development, as highly skilled workers are required. The new plant will generate additional direct employment for about 300 people and support the creation of approximately 1,800 indirect jobs through industries involved in the entire value chain including transportation, manufacturing and packaging supply.
“Our mission at Phnom Penh SEZ is to lead Cambodia’s industrialization and to help Cambodian workers to access to a better living standard. We are very proud to count Coca-Cola, a global leader in the beverage industry, as one of our tenants. We hope that other foreign investors, hopefully many from America, will see this new facility as an example of what Cambodia as to offer in terms of business” says Lok Chumteav Okhna Lim Chhiv Ho, Chairwoman of Phnom Penh SEZ. ”The USA remains the world’s largest consumer economy and we are very pleased to stand closer to the US by providing a top regional base for US companies. Cambodia offers a wide range of investment incentives for those who wish to access the ASEAN region", she said.
Laurelton Diamonds, Aprati Foods and Coca-Cola are some leading US companies that have set up their operations in Phnom Penh SEZ. Interest in Cambodia and the Special Economic Zone is rising fast, in particular from the US but also from around the world.
“This ceremony today is important for several reasons. It shows the success of the Government’s hard work over many years to attract foreign investment through an open investment regime, modern special economic zones, improved tax administration, and other business-friendly reforms,” says Mr. William A. Heidt, United States Ambassador to Cambodia “The inauguration of this plant is also a great example of how Cambodia can move up the technology ladder and develop more sophisticated products both for its domestic market and for export”.
Phnom Penh SEZ Plc. has had another great honor to welcome IKEE PAVING SYSTEMS CO., LTD. to invest in our zone. The company signed agreement with us on November 11th, 2016 for the long term lease of land of 8,310 sqm.
IKEE PAVING SYSTEMS CO., LTD. is a subsidiary of IKEE GROUP from Japan, whose main businesses are mostly related to infrastructure development aiming to achieve Eco-Friendly Environment. This company will bring technology from Japan to manufacture and sell the Asphalt Emulsion and Pavement Repair Materials that are suitable for all weather types. This manufacturing will surely contribute to the development and diversification of the industrialization in Cambodia.
We will keep trying our best to support IKEE PAVING SYSTEMS CO., LTD. to successfully launch and conduct their manufacturing and business in the zone. And we wish the company success and prosperity, which in turn will help creating more and more jobs for Cambodian people and developing Cambodian economy.