Since its establishment in 2006, Phnom Penh SEZ Plc. (PPSP) has been developing and expanding non-stop. While the main business is to develop and operate Phnom Penh Special Economic Zone, there are now several new businesses like construction, security, tax consultation and support, properties development and management, etc.
On Wednesday 28, October 2020 Phnom Penh SEZ Plc held its Extraordinary General Shareholders’ Meeting for ordinary shareholders to vote and approve the two (2) resolutions to be presented during the meeting.
On October 24, 2020, in collaboration with the local authorities of three villages in Sangkat Phsar Kandal, Poipet PPSEZ and B.Grimm Power Poipet, our business partner for electricity supply, provided humanitarian gifts including two tons and half of rice, instant noodles, canned fish and other daily foodstuff to 101 families affected by flood in Phsar Kandal Village, Steung Bot Village, and Andoung Thmor Meas Village.
On September 30, 2020, PPSP in collaboration with the representative of the Ministry of Labour and Vocational Training (MoLVT), organized a third quarterly HR and Admin meeting with 65 participants from various companies inside the zone.
MARVEL GARMENT CO., LTD. (Marvel Garment), the largest vertically integrated knitwear manufacturer in China, has been constructing a new production facility since March 2019 in Phnom Penh Special Economic Zone.
Despite of COVID-19 crisis, Sumi (Cambodia) Wiring Systems Co., Ltd. (Sumi Cambodia) doubled its production from early this year in order to cater its increasing orders. Sumi Cambodia is a subsidiary of Sumitomo Wiring Systems, Ltd. in Japan, a world-leading manufacturer of wire harness for automobile.
COVID-19 has been a very big concern for governments and people around the world for more than half of 2020. Borders are locked, tourist activities dramatically decline, schools and many other public facilities are closed either partially or completely. This also affects the supply chains of many manufacturing companies, resulting in drops in productions, and a decrease in employment. Meanwhile, new opportunities and chances also arose; new ways of thinking and methods of business got added.
On August 8, 2020, Phnom Penh SEZ Plc. in collaboration with Dr. Mey Kalyan, Chairman of the Board of Trustees at Royal University of Phnom Penh (RUPP) and Mr. Ea Hoknym, Chairman of Aoral Silk Community located in Kompong Speu province, expanded planting over 3,500 of new mulberry trees in PPSEZ.
While the threat of COVID-19 still exists, many people are still in need of humanitarian donations. Responding to their basic needs, the Corporate Social Responsibility (CSR) project of Poipet PPSEZ launched on July 8, 2020. In the collaboration with Poipet City hall, Poipet PPSEZ donated one ton of rice and other foodstuffs to 50 needed families from 6 villages such as Samaki Meanchey, Toul Prasat, Chankiri, Mettapheap, Kbal Spean 1, and Palilai 1 in Sangkat Poipet, and Phsar Kandal village in Sangkat Phsar Kandal, Poipet city, Banteay Meanchey Province.