Furthermore, TMX, an Asia-Pacific business transformation consultancy, conducted a study to compare the operating costs of manufacturing industries across ASEAN surmised that Cambodia has one of the lowest operating costs. The average manufacturing costs ranged from USD $63,000 - $220,000 per month.
Cambodia is developing its automotive parts manufacturing sector, taking advantage of its strategic location and connectivity in the region. There is a growing trend of international companies establishing production facilities in Cambodia to manufacture components for automobile assembly in neighbouring countries.
With increasing production capacity, electronics and electrical part exports are expected to play a growing role in Cambodia's industry diversification in the coming years. Cambodia is developing its automotive parts manufacturing sector, taking advantage of its strategic location and connectivity in the region.
Accounting for 80 per cent of exports in 2022, the garment and footwear industry is the backbone of Cambodia’s manufacturing sector. For 2023, the Ministry of Economy and Finance (MEF) reported that the sector grew 5.0 per cent and they have predicted 8.5 per cent growth in 2024.
Cambodian factories produce a wide range of garments, including apparel, sportswear, and fashion accessories. The Cambodian garment sector has flourished due to factors such as: The availability of a large, predominantly young female workforce.
As the manufacturing sector grows, it is expected to diversify into higher-value products, such as electronics and machinery, so Cambodia has the potential to become a major producer of high-value manufactured goods.
Firemax Tire Invests in Cambodia. Firemax''s Cambodian tire factory will cost US$190 million (approximately RMB 1.368 billion). After completion, the project is expected to …
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Cambodia''s manufacturing sector benefits from its proximity to larger manufacturing hubs like Thailand and Vietnam, which have strong industries in electronics, machinery, automotive, and transportation. As a result, Cambodia …
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Ecobatt Energy''s "battery circular economy" concept aims to offer the solutions for battery obsolescence in Cambodia that will reduce the battery use with the regeneration service …
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At the moment, Cambodia enjoys a good presence of solar product producers and suppliers. It also has three sea ports and a healthy logistical network. These make it possible to import or …
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In addition, they take great pride in supporting and investing in Cambodia''s garment industry as active members of GMAC (Garment Manufacturers Association in …