Development council approves electric bike plant and rain gear investments Leave a comment


The Council for the Development of Cambodia (CDC) yesterday approved two new projects worth $5.6 million that will create nearly 1,500 new jobs.

China-based electric bike manufacturers Da Wei Ye International Co Ltd will invest $1.7 million in a facility to assemble bicycles, electric bicycles and batteries in the Tay Seng Bavet Special Economic Zone, according to the CDC. The facility is slated to create 350 new jobs in the area.

Fu Tai Han Enterprise Co Ltd also received approval to construct a $3.9 million facility in the Kampong Cham province’s Prey Chhor district.

The firm will manufacture umbrellas, raincoats and backpacks, ultimately employing 1,018 people, according to the CDC.

The CDC approved a total of seven projects worth $16.9 million in May, including investments from Vanzel Printing and Packaging (Cambodia) Co Ltd, Windmill-FY (Cambodia) Garments Co Ltd, Sparkbags (Cambodia) Co Ltd, McBag Co Ltd and Cambodian Qi Ming Xing Jia Ju Yong Pin Co Ltd. These investments will create over 5,207 new jobs, according to the CDC.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

SHOPPING CART

close