The first $300 million largest tire factory highlights its production capacity

Jiangsu General Science Technology Co Ltd, a Chinese listed tire company, has established a wholly owned subsidiary General Intelligence (Cambodia) Co Ltd in the Kingdom to produce five million semi-steel radial tires and 900,000 belted radial tires of steel per year in Sihanoukville Special Economic Zone (SSEZ) with an investment of 300 million dollars.

A general intelligence official said Khmer time that Cambodia has a favorable investment environment, including a stable domestic political environment, steady economic growth and preferential government tax policies.

“It can make better use of local rubber resources and human resources to establish production bases in Cambodia,” the official said.

“The location of this project is in an international industrial park in Cambodia. It is close to the airport, port and highway and has good geological advantages,” he said, adding that it was the first tire factory of SSEZ.

The tire brand produced is mainly “CELIMO”, a premium tire brand. The tires will be sold to the United States, Brazil, Southeast Asia and other countries.

It is expected that more than 1,600 jobs will be added. After the operation and development of the enterprise, the enterprise will fully promote local economic development and stimulate domestic demand.

Jiangsu General Science Technology is actively deploying overseas production bases to meet the requirements of international development.

As early as 2018, before the company set up a production base in Thailand, it planned to invest and build a factory in Cambodia and carried out a lot of preliminary research and field visits.

Jiangsu General Science Technology Co has restarted project construction on nearly 180,000 square meters of the total planned plant area and more than 200,000 square meters of the total construction area in Cambodia.

Chhin Chien Kang, Chairman of the Board of Sihanoukville Special Economic Zone, said that from January to June 2022, the value of exports and imports in Sihanoukville Special Economic Zone reached $1.3 billion, an increase of 38% over the previous year. .

Following the global Covid-19 epidemic, the Sihanoukville Special Economic Zone made efforts to secure production lines and attracted a total of 170 companies from Europe, the United States, China and South Asia. Southeast, and created nearly 30,000 jobs.

SSEZ, jointly developed and built by Cambodian and Chinese private enterprises, will form an ecological model park with support functions for 300 enterprises for the employment of 80,000 to 100,000 industrial workers.