Toyota to produce auto wire harness in Poipet

Aug 07, 2023

Japan’s global enterprise Toyota Tsusho Corporation (Toyota Tsusho) plans to establish another factory to produce automotive wire harness in Cambodia, said the Council for the Development of Cambodia (CDC) in a statement.

The new investment projects of Toyota Tsusho were revealed during a meeting between CDC’s Deputy Secretary General Chea Vuthy and representatives of Toyota Tsusho which has been operating in a special economic zone in Banteay Meanchey province since 2016.

The statement released by CDC—Cambodia’s highest decision-making body for private and public investments—pointed out that Toyota Tsusho will start the production of automotive wire harness products in the special economic zone in Poipet city of the province.

“Most recently, the company has expanded its investment activities including the establishment of a new project to produce automotive wire harness products,” the statement pointed out, adding that the production is expected to start in December 2023 at Sanco Poipet Special Economic Zone.

Toyota Tsusho—listed on the prime market of the Tokyo Stock Exchange and premier market of Nagoya Stock Exchange—also plans to recruit approximately 800 people to work at the project, while some Cambodian workers have been being trained in Thailand.

The construction of the Phnom Penh assembly plant worth about $36.7 million of Toyota Tsusho Manufacturing (Cambodia) Co Ltd—Toyota Tsusho’s vehicle assemble company located in Royal Group Phnom Penh Special Economic Zone—is expected to be completed this year after CDC approved the project in early September last year.

Cambodia has several automobile assembly plant projects including the Ford Automotive Assembly Plant located in Kroko Special Economic Zone in Sna Ansa in Krokor district of Pursat province. Other automotive assembly plants are located in Phnom Penh, Pursat and special economic zones in Poipet of Banteay Meanchey and Bavet of Svay Rieng province.

Aun Pornmoniroth, Minister of Economy and Finance and Chairman of the Economic and Financial Policy Committee, said that the government has identified automotive and electronics as priority sectors for promoting Cambodia’s participation in the global value chain and promoting economic diversification and, in particular, economic recovery.

Ministry launches report highlighting sector-based technology needs

Kingdom collects $2.79 billion in tax revenue in 1H

Khmer Times is now available on iPhone and Android. Download the app and keep up with real time news from Cambodia and the world.

Recently the Republic of Korea, Japan, and the US Presidents have formed an agreement in the hope that they are able to work together to protest against challenges that take place in the region, especially that agreement aims at addressing the problems that may cause by North Korea and China.

Following a month after Russia’s suspension of the Black Sea Initiative, the Western propaganda mouthpieces continue their loud talk about alleged great risks our country’s step is posing to the global food security.

Hopes of an India-China thaw, which can happen following military disengagement along remaining friction points in eastern Ladakh are alive after Prime Minister Narendra Modi and Chinese President Xi Jinping met in Johannesburg on the sidelines of the 15th BRICS summit.

The US-Japan-South Korea Camp David summit was completed in just half a day, but its impact on world peace and regional stability continues to ferment.

The ocean plays an integral role in shaping our climate and weather patterns.

The Ministry of Education, Youth, and Sports (MoEYS) signed a Memorandum of Understanding (MoU) with the Prince of Songkla University (PSU) of the Kingdom of Thailand to promote educational cooperation and open a gateway to exchange learning programme between the two institutions, a press release of MoEYS said on Wednesday.

After four long years of study and research by experts and professors across the country, an update of the Khmer Dictionary has been published and will be available in many bookstores in September this year, said Sorn Pov, Vice President of the National Council of Khmer Language (NCKL).

Siem Reap’s 2020 arts and lifestyle coverage kicked off the year on an optimistic note that, with the wisdom of hindsight, turned out to be somewhat ironic.

Because our baby is now at the centre of our life, it has been mentally challenging since even getting a good night’s sleep or a decent meal has suddenly become a real task.