A complete of 112 new manufacturing items opened in Cambodia through the first seven months of this 12 months, whereas one other 47 closed down, based on the ministry of business, science, expertise, and innovation. There have been 1,947 factories that have been operational on the finish of July 2022, of which round 1,100 have been garment, footwear and journey items factories.
The 1,947 registered factories produced items value $7.5 billion throughout January-June 2022, displaying an enormous enhance of 75 per cent year-on-year, Heng Sokkung, a secretary of state and spokesperson for the ministry, stated at a press convention. Of this, merchandise value $5.26 billion have been exported, whereas the remaining $2.31 billion have been meant for the home market.
A complete funding of $1.9 billion was concerned in establishing 112 new factories, which created 76,624 jobs, the spokesperson stated. Many of the new factories produce garment, footwear and journey items.
In full: https://www.fibre2fashion.com/information/manufacturing-news/new-112-units-take-total-factories-in-cambodia-to-1-947-by-july-end-282473-newsdetails.htm