Phnom Penh (Rasmei
Kampuchea/ANN) - Prime Minister Hun Sen vowed to protect the first motor
manufacturer in cambodia in his bid to drum up for more Japanese investments to
the kingdom by saying that his government would ensure the success of Minebea
which was inaugurated today.
"I feel confident that
when the company is successful, it will bring more Japanese to Cambodia,"
Hun Sen told the grand opening ceremony of Minebea, a motor-manufacturing
company from Japan, which is located in the Phnom Penh special economic zone.
He added that "it is like
a baby which I gave birth. Thus, I will not let it die. The success of Minebea
means that we will also succeed. I will not let this factory die".
As he ordered relevant
ministries to facilitate the operation of the japanese comapany, Hun Sen warned
that if it goes away from Cambodia, other Japanese companies will not come to
Cambodia.
"f Minebea complains, I
will personally take action and the anti-corruption unit will follow. It is unacceptable,
if Minebea fails. We have to create favorable environment for the
investment".
Hun Sen congratulated and
welcome Minebea which decided to make investment in the kingdom of Cambodia at
a time when Cambodia needs and encourage the investment. Minebea's project will
not generate jobs for the workers but also transfer technologies to Cambodia,
he said.
The inauguration comes a year
after Minebea announced plans to invest about five billion yen (US$62.5
million) on the plant, making it the first Japanese component manufacturing
facility in Cambodia.
At the time, Mineaba said the
investment in Cambodia represented the first large-scale production site since
the company set up its Shanghai plant in China in 1994.
The Japanese company says it
plans to employ up to 5,000 people and develop the Cambodian site into a volume
production structure second only to its Chinese factory.
Minebea has been expanding its
operations in Asia since launching production in Singapore in 1972. At the end
of last year, production in Asia excluding Japan exceeded 80 percent of the
company's total production. Asian production facilities include five plants in
Thailand, five in China, two in Singapore and one in Malaysia.
News Desk in in Phnom
Penh/Rasmei Kampuchea | ANN
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