Home / Knowledge / News / Textiles / Cambodia's CDC clears 4 investment projects worth $17.2 mn

Cambodia's CDC clears 4 investment projects worth $17.2 mn

13
Jan '20
Pic: Shutterstock
Pic: Shutterstock
The Council for the Development of Cambodia (CDC) recently announced approving four investment projects worth around $17.2 million. These are expected to create 1,490 jobs. Ministry of commerce spokesman Pen Sovicheat said his office had seen an increase in requests to set up new companies in the country, while foreign investment was growing gradually.

Sun Awesome Garment Co Ltd will set up a garment and laundry facility in Kampong Cham’s Prey Chhor district, with an investment of $6.9 million, employing 610 people, according to a report in a Cambodian English-language daily.

Famous Leatherware (Cambodia) Co Ltd will establish a handbag manufacturing factory in Phnom Penh’s Meanchey district through $5.3 million in capital investment, resulting in 314 jobs.

Xin Hak Muy Make Clothes Assist Material Co Ltd will set up a facility employing 232 workers for manufacturing thread, yarn and elastic bands, with $2.5 million in capital investment in Phnom Penh’s Dangkor district.

Kimbao Bag Industry Co Ltd plans to build a plastic bag factory in Kandal province’s Ang Snoul district, with $2.5 million of capital investment. It will create 334 jobs.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Textiles | On 16th Jan 2021

Pak FCCI signs MoU to tap North American markets

The Faisalabad Chamber of Commerce & Industry (FCCI) recently signed...

Pic: Shutterstock

Textiles | On 16th Jan 2021

PRC increases Australian wool import quota

Australia's department of foreign affairs and trade has confirmed...

Pic: Edinburgh Woollen Mill

Retail | On 16th Jan 2021

Edinburgh Woollen Mill saved in deal, 1500 jobs protected

A deal recently saved collapsed UK retail company Edinburgh Woollen...

Interviews View All

Awen Delaval, Samatoa

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Subhashini Srinivasan, The S Studio

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Marcello Galvanin,

Marcello Galvanin

Galvanin has more than 50 years of experience in the production of textile ...

Amol Bhagwati,

Amol Bhagwati

A textile finishing solution provider, Inspiron Engineering Private...

Emmi Berlin,

Emmi Berlin

With the support of the first investors - Finland's Technical Research...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


January 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search