Logo of Phnom Penh Post newspaper Phnom Penh Post - Government approves two new garment factory investments

Government approves two new garment factory investments

Workers at the Kin Tai garment for Armani jeans on the outskirts of Phnom Penh in late 2015.
Workers at the Kin Tai garment for Armani jeans on the outskirts of Phnom Penh in late 2015. Kimberley McCosker

Government approves two new garment factory investments

The Council for the Development of Cambodia (CDC) has approved two more garment investment projects with a combined investment capital of $8.8 million, according to an announcement released today.

According to the CDC announcement on its Facebook page, Timbermet (Cambodia) will invest $2.34 million into a factory to be built in Por Sen Chey district’s Choam Chao commune. Once it is operational, it is expected to provide 854 jobs.

Panefort (Cambodia) Garment will invest $6.46 million into a factory to be built in the Kien Svay district of Kandal province which once operational will provide 2,050 jobs.

Since the CDC began publishing investment decisions on Facebook last month in a bid to increase transparency, the government body has approved seven garment and footwear related investment projects with a total investment capital valued at about $20 million.

CDC officials declined to comment on the new investment projects or to provide a timeline for when they would be completed.

MOST VIEWED

  • Tensions high ahead of historic Kun Khmer match up

    The long-awaited November 5 matchup between Kun Khmer legend Prum Samnang and Myanmar-Canadian boxer Dave Leduc has become the most anticipated fight of the year. The Wurkz Sena Kun Khmer promotion, which will be held at the Town Arena at Chip Mong 271 Megamall, will see six

  • Manet: Cambodia safe for travel

    Prime Minister Hun Manet acknowledged that Cambodia and China have cooperated to tackle internet scamming, fraud and other cross border crimes, but insisted that the “Kingdom of Wonders” is completely peaceful and safe. He welcomed tourists to come and explore its rich heritage. During a

  • UNESCO formally list Battambang gastronomy

    Battambang, renowned for its cultural heritage, has achieved a significant milestone as the first Cambodian municipality to join the UNESCO Creative Cities Network (UCCN). The UCCN unites nearly 300 cities prioritising creativity and cultural industries in local development plans and international cooperation. On World Cities Day,

  • Cambodia pivots to solar, wind energy

    Cambodia is planning a move towards solar and wind energy to meet its rising power demands, according to Minister of Mines and Energy Keo Rottanak. On the sidelines of the Singapore International Energy Week event held recently, Rottanak emphasised the urgency of diversifying Cambodia’s

  • Angkor causeway symbol of Cambodia-Japan ties

    In a historic moment marking another milestone in the 70-year-long diplomatic relations between Cambodia and Japan, King Norodom Sihamoni celebrated the formal inauguration of a causeway located to the west of the world-renowned Angkor Wat. While presiding over the November 4 ceremony, the King emphasised the

  • Kep selected for ‘world-class’ 2.7km beach development

    Kep province has been selected as the first site of a new coastal development initiative, with a “world-class” 2.7km beach planned for the near future. The Kep Provincial Administration met with the National Committee for Coastal Management and Development to discuss the development of the