Robert Bosch GmbH, a parent company of Bosch Cambodia Co Ltd and a world-leading engineering and technology firm headquartered in Germany, agreed to send a regional envoy to examine the possibilities of opening its factory in the Kingdom.
The commitment was made on Thursday during the meeting between Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) and Alexander Weichsel, Commercial Plant Manager of Bosch in Nuremberg, Germany.
The Deputy Prime Minister is on a mission trip to the European Union (EU), leading the delegation to attract foreign investments into the Kingdom’s priority sectors from June 9-18.
During the discussion, Chanthol told Weichsel that the Royal Government of Cambodia (RGC) encouraged the private sector to explore investment opportunities that emerged in the country including agriculture, agro-industry, automobiles, electronic, renewable energy and tourism industries.
Noting the company’s potential, he urged Weichsel to consider choosing Cambodia as a prime location to expand the production chain, supplying to other Southeast Asia countries.
The Bosch Manager gave a positive response, promising to send the company representative based in Singapore and Vietnam to examine in detail aimed at opening the new factory in the Kingdom.
Later in the day, the Deputy Prime Minister also met Christiane Riefler-Karpa, Managing Director of Memmert GmbH, a company developing and manufacturing laboratory equipment.
During the meeting, the Mememrt working group presented their business activities and the production sites in Southeast Asia countries, modernising the art of production facilities to manufacture the appliances economically and in an environmentally friendly manner.
Later the Managing Director guided Chanthol and the delegation to inspect the factory and the production hall in which the technology used by the company did not harm the environment.
Memmert GmbH is also a leading company in the development and production of high-quality laboratory equipment with over 90 years of experience and currently exported to over 160 countries around the world.
The mission trip to Germany was accompanied by Suon Sophal, Deputy Secretary General of the Cambodian Investment Board (CIB) of CDC, Hun Lak, Secretary General of the Cambodian Oknha Association (COA), Kuon Thida, President of Orienda International Hospital and Peou Rithjayasedh, Deputy Secretary General of the Ministry of Economy and Finance.
Ly Khun Thai, Vice President of the Cambodia Chamber of Commerce (CCC) told Khmer Times, “Germans generally invest in projects that have a clear master plan such as a suitable location for the project implementation, the competitive market in the industry and research on future risks.”
He said Khmer businessmen who want to operate their business along with Germans should prepare a clear development plan so that foreigners have the confidence to cooperate and invest in those projects.
