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Cambodia's CDC approves 4 projects worth $17 mn in Kandal, P Sihanouk

23 Aug '22
2 min read
Pic: Shutterstock
Pic: Shutterstock

The Council for the Development of Cambodia (CDC) recently approved four new projects worth $17 million in investment in the fields of footwear, furniture, wood accessories and sofa and packaging materials. The projects expected to create around 2,800 jobs. The factories will be based in Kandal and Preah Sihanouk provinces, a CDC statement said.

RG Footwear (Cambodia) Co. Ltd. will operate its unit in Andoung village at Bek Chan commune of Ang Snoul district in Kandal province.

Xing Gang Wood Industry (Cambodia) Co. Ltd. is expected to set up a wooden furniture and decoration factory in the special economic zone at Jehang Gorjur in Sihanouk province, CDC was cited as saying by a Cambodian newspaper.

While Zhejiang Jeni Furniture Co. Ltd. will establish a sofa and sofa cover factory at Zhejiang Geni special economic zone in Sihanouk province, FF. LL (Cambodia) Co. Ltd. will start an all-type packaging material manufacturing factory in the special economic zone at Sihanouk City, Cambodian media reported citing the official statement.

CDC approved three new investment projects worth $15.7 million last week in Kampong Speu province and Phnom Penh.

The new garment and yarn factories are Jade Fashion (Cambodia) Garments Company Limited, Hong Yu Fang Garment Co. Ltd. and Shun Wei Fang Zhi Ke Ji Co. Ltd.

The country’s garment, footwear and travel goods industry saw a 40 per cent rise in exports in the first half of 2022.

Fibre2Fashion News Desk (DS)

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