You are here

Coca Cola opens new US$100m plant in Cambodia

25_37486037 - 16_02_2016 - AUS COCA COLA.jpg
Coca Cola Co opened a new US$100 million facility in Cambodian capital Phnom Penh on Monday to expand its production capacity in the South-east Asian nation.

[PHNOM PENH] Coca Cola Co opened a new US$100 million facility in Cambodian capital Phnom Penh on Monday to expand its production capacity in the South-east Asian nation.

The plant, situated on a 12-hectare land in a special economic zone on the outskirts of the city, will employ 817 people and it will be powered by solar power, Prime Minister Hun Sen said at the inauguration ceremony.

The investment is part of Coca Cola's expansion, which began four years ago, said Irial Finan, executive vice president of Coca Cola.

The company began operations in the country in 1993 and the new plant is situated inside the Phnom Penh Special Economic Zone (PPSEZ), a Cambodian-Japanese joint venture and operator of the biggest industrial estate.

sentifi.com

Market voices on:

Mr Hun Sen said Cambodia would have to train more human resources, build necessary infrastructure and supply cheap electricity to respond to rising interest in the country's industrial and light manufacturing sectors.

"This shows that we don't discriminate against any foreign investments," Mr Hun Sen said, adding that a new plant by Japan's Minebea Co, a maker of machinery parts and electronics devices, would be open on Wednesday at the PPSEZ.

REUTERS

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom