The Poipet flagship of Phnom Penh SEZ, Plc., a leading Special Economic Zone (SEZ) developer in Cambodia, has signed Industrial Estate Agency Agreements with a local subsidiary of Toyota Tsusho Corporation to strengthen business development and marketing activities.
Poipet City, 11th September 2018 – Poipet PPSEZ Co.,Ltd, the developer/operator of Poi Pet PP SEZ, achieved a key milestone by signing Industrial Estate Agency Agreement with Techno Park Poi Pet Pvt Co., Ltd. ("TPO"), a wholly-owned subsidiary of Toyota Tsusho Corporation (TOYOTA TSUSHO). This is a key milestone for TOYOTA TSUSHO to tap into the industrial estate agency service in Cambodia.
As a member of the Toyota Group, TOYOTA TSUSHO has a worldwide presence through its many subsidiaries and operating divisions, including over 150 offices, and 900 subsidiaries and affiliates around the world with diverse business portfolio. Since 1998, TOYOTA TSUSHO has gained a foothold in operating and managing rental factories mainly within Southeast Asia. Currently, they have techno park business which can provides an array of administrative services such as local support for company establishment, canteen and commuter bus services for employees, and supporting services for accounting and finance.
TPO was established at Poipet in May 2015 with the registered capital of 3.01 million USD. With the range of services, TPO aims to support Japanese companies, who target to expand their business in Cambodia and to pivotally support Cambodia’s industrialization. Currrenly, TPO also has rental property with total of 7,200 m2 of floor area under management. Apart from the services under techno park business, the agreement also covers land sales agency service where Poipet PPSEZ Co.,Ltd, can lever on the well-established business network of TOYOTA TSUSHO.
Poi Pet PP SEZ is a Special Economic Zone (SEZ), developed and operated under Poipet PPSEZ Co., Ltd., a wholly-owned subsidiary of Phnom Penh SEZ Plc. it is located in Banteay Meanchey Province, Northwestern Cambodia neighboring the Cambodia-Thai Border. It is approximately 8 Km East of the Poipet city center, with access to one of the key border crossing point with Thailand in the northwest of Cambodia. With the “Thailand+1” development policy, Poipet is geographically attractive to prospective investors who are looking for starting new upstream manufacturer, warehouse, or distribution center. It is only 230 km or 4 hours away from Bangkok, Thailand. Strategically, it is located with direct access to National Road No. 5 (a designated part of the Asian Highway 1), Poipet PP SEZ is an important knot along Greater Mekong Subregion (GMS) Southern Economic Corridor, lied from Bangkok, Siem Reap, Phnom Penh, to Hoh Chi Minh City. Poipet is playing pivotal role to support fast-growing Cambodia economy.