Minebea opens third plant
Minebea, the largest Japanese company in Cambodia, officially opened a third manufacturing plant in the Phnom Penh Special Economic Zone on December 8 to coincide with the fifth anniversary of its presence in the country. Yoshihisa Kainuma, president and CEO of Mineba (Cambodia), told reporters at the opening ceremony that the company was able to expand in the Kingdom due to support by the government. “All our goods manufactured in Cambodia are for export. Our main markets are in China, Japan, US and Europe – and these countries demand high quality products,” he said. The main products manufactured by Minebea include micro actuators, brush DC motors and power brushless motors. Koth Boran, a supervisor at Minebea (Cambodia), said the parent company in Japan had invested more than $50 million in the third factory. He added that Minebea had created about 20,000 jobs at all levels with its three manufacturing plants operating in the country.
