Cambodia’s General Tires Technology nears completion of new tire factory
Phnom Penh, Cambodia – The Phnom Penh Post reports that General Tires Technology (Cambodia) Co Ltd is expected to complete construction on its $300 million tire factory, which broke ground in early 2022.
The Ministry of Commerce’s business directory notes that General Tires Technology was previously named General Intelligence (Cambodia) Co Ltd, which Shanghai-listed Jiangsu General Science Technology Co Ltd identifies on its website as an “overseas subsidiary”.
The factory will have an annual production capacity of five million “small” tires and 900,000 “large” ones and employ about 1,600 workers – mostly locals.
“After construction … is completed, they’ll start production immediately,” he affirmed.
The spokesman hailed the presence of the factory as a “positive sign,” and underlined that sourcing natural latex locally for the factory would promote job creation, the cultivation of rubber trees, and other economic activity, resulting in a host of benefits for the Kingdom.