MinebeaMitsumi seeks CDC support for second factory
MinebeaMitsumi seeks CDC support for second factory
Japanese electronics giant MinebeaMitsumi has requested support from the Council for the Development of Cambodia (CDC) and the Cambodian government in navigating the legal investment procedures necessary to establish its second manufacturing facility in Pursat province.
The remarks were made by its MinebeaMitsumi CEO Yoshihisa Kainuma during a meeting with Sun Chanthol, Deputy Prime Minister and the First Vice-Chairman of the Council for the Development of Cambodia in Phnom Penh, on Tuesday.
“Yoshihisa Kainuma, CEO of MinebeaMitsumi, asks for recommendations on the company’s business expansion plans and further support for the relevant legal process to streamline the company’s investment in Pursat Province,” read a statement from the CDC.
Yoshihisa also thanked the CDC for facilitating the firm so far. The move was made as the company reported that it will start its second factory in Krakor district, Pursat province in September this year.
The proposed factory is expected to significantly contribute to Cambodia’s economic growth and job creation.
As a leading global manufacturer of electronic components, MinebeaMitsumi’s decision to expand its operations in the country is a testament to Cambodia’s attractive investment climate and skilled workforce.
The CDC has welcomed MinebeaMitsumi’s investment plans and assured the company of its full support.
MinebeaMitsumi’s first factory in Cambodia, located in Phnom Penh, has been successfully operating for several years, contributing to the country’s export-oriented manufacturing sector.
Minebea Cambodia’s journey in Cambodia began with an initial capital of around $23 million in 2011.
Presently, the company employs 6,911 people and manufactures a diverse range of products, including micro motors, fan motors, machine parts, optical components for mobile phones, electronic devices, vibrators for computer games, electronic components, electronic circuits, LED panels, glucose metres, and intelligent public lighting systems.
