Cambodia's CDC approves 4 projects worth $17 mn in Kandal, P Sihanouk
23 Aug 22 2 min read
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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