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”.