The Cambodian Development Council (CDC) has just approved three new investment projects totaling about $15 million, which would result in the creation of over 4,000 jobs.
Shining Fashion Industrial Co Ltd has received approval for a final registration certificate to establish a garment factory in Trapeang Peuk village, Peuk commune, Kandal province’s Ang Snoul district. The company intends to invest $3.4 million and employ 947 people.
Kicyn (Cambodia) Co Ltd was also approved by the CDC to build a clothing factory for $6.7 million. It will employ 2,947 people in Trapeang Krasaing village, Trapeang Krasaing commune, which is located in the Bati district of Takeo province.
Phnom Penh-based Melyo Plastic Technology Co Ltd was also certified. It will build a factory to make ice buckets and other plastic containers in the Spean Po village of Sethy commune, which is in Kampong Chhnang province. Last week the CDC approved seven new projects representing a total investment of $63.5 million creating 870 local jobs.
More than 100 factories closed in Cambodia last year as a result of the Coronavirus pandemic forced factories to suspend production because of local cases and the spread of the Delta variant worldwide curbs consumer demand for key exports such as garments, travel goods and footwear. Industry observers say a lot still needs to be done to get manufacturing back on its feet.
