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NEWS

Five new factories worth $20.5M approved by CDC

Five new factories worth $20.5M have been approved to be established this month, according to the Council for the Development of Cambodia (CDC).

The CDC’s investment committee issued a registration certificate to the companies operating the factories on April 13. About 3,700 jobs are expected to result from the projects.

Vanzel Printing & Packaging (Cambodia) Co Ltd will establish a garment and accessories factory in Kandal province’s Kandal Steung district. The $2.1 million project is expected to create 300 jobs.

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Windmill-FY (Cambodia) Garments Co Ltd will set up a garment factory in Kampong Speu pronvice’s Kong Pisey district at a cost of $2.5 million, a project that is predicted to create 848 jobs.

Sparkbags (Cambodia) Co Ltd will produce travel bags at its factory in the capital’s Kampoul district. The new factory will cost $3.3 million and create 718 jobs.

McBag Co Ltd will also be producing bags at its factory in Kandal province’s Ang Snoul district. The company will invest $3.5 million and create 818 jobs.

Finally, Cambodian Qi Ming Xing Jia Ju Yong Pin Co Ltd will establish a shoe and accessory factory in Preah Sihanouk province’s Prey Nob district. It will invest $9.1 million in the project and create 1,022 jobs.