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China's Ruixue gets green light to set up garment factory in Cambodia
26 May '21
1 min read
Pic: I Love Coffee dot Today / Shutterstock.com
Ruixue (Cambodia) Co Ltd, a subsidiary of China-based Ruixue Group, has received approval for setting up a new garment factory in Khan Sen Sok, an administrative district of Phnom Penh in Cambodia. The new factory to be set up at a cost of $4.5 million will create 2,000 jobs in manufacturing womenswear, including sweaters, dresses and handbags.
The approval was given by the Council for Development of Cambodia (CDC) chaired by Prime Minister Hun Sen, according to Cambodian media reports.
The European Union is the largest market accounting for approximately 40 per cent of Cambodian garment exports, followed by the US, Canada and Japan.
The largely export-oriented garment sector of Cambodia is the largest employer in the country, with women making up a substantial portion of the workforce.
Fibre2Fashion News Desk (RKS)
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