Number of Japanese firms to surge this year
If industry-watchers were roused last year by the influx of Japanese investment to Cambodia – including bellwether parts manufacturer Minebea – 2012 should not disappoint. Up to 60 new Japanese companies are expected to apply for business licences this year after the number tripled to about 30 in 2011, according to the Japan International Cooperation Agency’s Cambodia office (JICA), which has played a major role in attracting the businesses. … More important than the numbers is the industry transformation these companies have brought with them: higher value-added manufacturing, such as ball bearings and electrical wiring production. It’s a much welcomed move away from garment-making…
