A national car for Cambodia

UK-based BIW automotive company on Friday signed a US$2 billion join venture investment with ACICA Automotive (Cambodia) to build a factory in Preah Sihanouk province for a Cambodian-made vehicle within the next three years. The agreement was made between BIW’s director Robin Bowyer and ACICA’s Group Chairman Al Rumny, and is aimed at producing a low-cost car with the capacity of around 300,000 units per year for sale domestically, within ASEAN and globally. The project entails a huge capital investment, with $450 million spent on building a new power station to supply the factory. An additional $1 billion will be spent on construction of a new township, infrastructure, fresh water and water treatment facilities while the remaining amount will be used for the car project, according to Al Rumny. … According to Bowyer, the initial capacity of the factory allows about 250,000 vehicles a year, meaning that every 80 seconds one will be coming up on the production line. … Al Rumny said the small car will be sold at approximately $7,000 per unit. …

http://www.phnompenhpost.com/index.php/2012091758751/Business/a-national-car-for-cambodia.html