SIHANOUKVILLE, Cambodia, March 18 (Xinhua) — A Chinese language-invested tire manufacturing unit in Cambodia’s Sihanoukville Particular Financial Zone (SSEZ) launched its operation on Saturday after a couple of 12 months of building.
The 300-million-U.S.-dollar Normal Tire Know-how (Cambodia) manufacturing unit, situated in Cambodia’s coastal province of Preah Sihanouk, is a subsidiary of Chinese language tire maker Jiangsu Normal Science Know-how. It’s able to manufacturing 5 million semi-steel radial tires and 900,000 all-steel radial tires per 12 months, mentioned Gu Cui, chairman of Jiangsu Normal Science Know-how.
“Our merchandise will probably be primarily exported to america, Europe, and Brazil amongst others,” he mentioned on the inauguration ceremony.
He mentioned the 18-hectare manufacturing unit has created some 1,600 jobs for native folks.
Talking on the occasion, provincial governor Kuoch Chamroeun congratulated the manufacturing unit on launching its operation, noting that it’s a main undertaking for the SSEZ.
“The manufacturing unit is not going to solely assist enhance the province’s financial improvement and exports, but in addition contribute to poverty discount by means of job creation,” he mentioned.
The SSEZ, collectively invested by China and Cambodia, presently hosts some 175 enterprises from China, america, and Europe, Southeast Asia and different areas, creating almost 30,000 jobs, in accordance with SSEZ Normal Supervisor Cao Jianjiang.
The 11-square-km industrial zone is the Southeast Asian nation’s largest industrial zone by way of dimension and occupancy.
Cao mentioned the imports and exports passing by means of the SSEZ totaled 2.49 billion U.S. {dollars} in 2022, a year-on-year improve of 12 p.c.
