“China-Cambodia Economic Partnership: Groundbreaking tire factory boosts trade relations under BRI”

2023-05-14 12:00:00

Xinhua News Agency reported from Phnom Penh. Cambodia on May 14 that Mr. Warthon, Governor of Kratie Province Attended the foundation stone laying ceremony for the construction of a 40-hectare (250-rai) factory at the UBN Special Economic Zone in Snuol District on Tuesday, and said the mega-project would boost trade relations. between Cambodia and China And contribute to the development of the industry and the Cambodian economy. as well as creating jobs for local people

Mr. Cai Yongshen, president of Qingdao Double Star Group, revealed confidence that The above projects will promote China-Cambodia relations. under the framework of the Belt and Road Initiative (BRI), adding that The plant will have the capacity to produce 8.5 million high-performance radial tires per year. following full operation The first phase of the project is scheduled to be completed in October.

Before that, the factory of General Tire Technology (Cambodia), worth 300 million US dollars (approximately 10,100 million baht), affiliated with Jiangsu General Science Technology, a Chinese tire manufacturer. Has begun operations in the Sihanoukville Special Economic Zone. in the coastal town of Sihanoukville southwestern Cambodia in March.

Information-Image : XINHUA

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