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General Motors Lays the Foundation for the Cambodian Project
Published in: 2022-01-28
Recently, General Stock's 1.9 billion yuan tyre
plant project was approved by the Development Council of Cambodia. On January
27, a groundbreaking ceremony was held for the project at the Sihanoukville
Port Special Economic Zone in Cambodia. The plant is planned to cover a total
area of 180,000 square meters, including a rubber mixing workshop, tire
production workshop, refrigeration station and other workshops, with a total
construction area of more than 200,000 square meters. The project is expected
to have an annual capacity of 5 million semi-steel radial tires and 900,000
all-steel radial tires, creating 1,600 local jobs.
The tires project for the Sihanoukville Port
Special Economic Zone in Cambodia by General Science Technology Cooperation will include 5 million
high-performance semi-steel radial tires and 900,000 all-steel radial tires.
This investment in the production of the tire brand is mainly "Qian
Lima," which is the company's flagship high-end tire brand. After
production, Chollima tires will be sold to the United States, Brazil, Southeast
Asia and other countries and regions for commercial vehicles and family cars
supporting the use.
Cambodia's Sihanoukville Special Economic Zone
is the only state-level economic and trade cooperation zone between China and
Cambodia that has signed a bilateral governmental agreement. It has brought a
tangible sense of fulfillment and happiness to its employees and the people
around it. So far, 170 enterprises (institutions) from China, Europe, the
United States, Southeast Asia and other countries and regions have achieved
win-win development here, creating nearly 30,000 jobs. The industrial output value
contributes more than 50% to the economy of Sihanoukian Province.
On January 11, the GM Cambodian project, with
an investment of US $300 million, successfully passed the overseas investment
record of the Jiangsu Provincial Department of Commerce. Thus, this project
becomes the first project of Wuxi to invest in RCEP member countries after RCEP
comes into effect, and it is also the first project of Jiangsu Province to
invest more than $100 million in RCEP member countries after RCEP comes into
effect.