Minebea Cambodia, a subsidiary of MinebeaMitsumi, a Japanese precision components manufacturer, will expand its production chain in Cambodia by building its second factory in Pursat province, some 180 km north of Phnom Penh.
“Minebea Cambodia will start constructing its second factory in Pursat in September this year,” said Keo Rattanak, the Minister of Mines and Energy.
Pursat has good energy sources, particularly green energy, which attract investments to the province, the Minister said on Wednesday.
This shows the company’s confidence in the Cambodian market and its commitment to creating a sustainable business, he said.
MinebeaMitsumi’s decision to expand production reflects the success of their existing plant in the Phnom Penh Special Economic Zone.
The company seeks to enhance production lines and establish a dedicated economic zone within Pursat province. This expansion is expected to generate a significant number of jobs, with estimates suggesting up to 8,000 positions to be created by 2030.
The construction of MinebeaMitsumi’s second plant signifies a major development for Cambodia’s industrial sector. The project is expected to attract further investment, create substantial employment opportunities and contribute to the country’s economic growth.
The strategic choice of Pursat province as the location is attributed to its proximity to Thailand and convenient access via National Road 5, which has recently been expanded from two to four lanes.
Additionally, ongoing efforts are being made to address issues related to the Stung Bot-Banang Ean international border crossing.
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.
