By Staff Writer
Automotive Business Review
Yamaha Motor and Toyota Tsusho have agreed to establish a new company, Yamaha Motor Cambodia, to manufacture and market motorcycles with the aim of strengthening the foundation of the motorcycle business in the Cambodian market.
The new company will begin operations on October 1, 2008, and its starting capital of $11.5 million will be invested 70% by Yamaha Motor, 20% by Toyota Tsusho and 10% by Cambodia's Kong Nuon Import & Export.
Since March 2007, Asia Motors, a joint venture company between Toyota Tsusho and Kong Nuon Import & Export, has been assembling and marketing motorcycles with parts and components supplied as semi knocked-down kits by Thai Yamaha Motor.
Yamaha Motor Cambodia will begin operations by taking over operations at the Asia Motors factory and the Asia Motors sales network, and a 94,890sqm lot will be acquired in Phnom Penh's special economic zone for the construction of a new factory.
The initial target for the new company is to expand motorcycle sales to 30,000 units valued at JPY4.2 billion by 2010, after the start of production at the new factory.
The new company will begin operations on October 1, 2008, and its starting capital of $11.5 million will be invested 70% by Yamaha Motor, 20% by Toyota Tsusho and 10% by Cambodia's Kong Nuon Import & Export.
Since March 2007, Asia Motors, a joint venture company between Toyota Tsusho and Kong Nuon Import & Export, has been assembling and marketing motorcycles with parts and components supplied as semi knocked-down kits by Thai Yamaha Motor.
Yamaha Motor Cambodia will begin operations by taking over operations at the Asia Motors factory and the Asia Motors sales network, and a 94,890sqm lot will be acquired in Phnom Penh's special economic zone for the construction of a new factory.
The initial target for the new company is to expand motorcycle sales to 30,000 units valued at JPY4.2 billion by 2010, after the start of production at the new factory.
9 comments:
Cambodia go for Yamaha, forget about Honda and Suzuki.
Buy products made in Cambodia.
The government should give promote and give advantages to products made in Cambodia.
"My bear. My country"
Cambodia go for Yamaha, forget about Honda and Suzuki.
Buy products made in Cambodia.
The government should give promote and give advantages to products made in Cambodia.
"My beer. My country"
great news and encourage khmer worker to learn more aknowlagde
My beer, My country, My Angkor
Or
My cigaret, My country, My Angkor
Is it ironic?
We are supposed to be a buddhist society, and respect the 5 principles of buddhism.
And we let promote the products like cigaret and beer.
So how come, it is illegal to have the angkor picture on the playing card?
I hope government can collect monies from companies who made a lots of monies and return these monies to the collectivities...
Collectivities mean to all cambodians...
If government can't do it..
bla bla bla... anti-corruption, etc.
Khmer Canadian
In fact it's not really an option if the people of Cambodia don't buy Yamaha, the factory will close its doors.
Agree if we want the local economy to growth we must buy product made in Cambodia.
yes, good market for motocycle in cambodia; and maybe cars and computers, too. god bless cambodia.
bless until the leader of the muffia State getting fat and never step down?
If the Japanese have their way and they would rather set up factory in Thailand. Since the Thai-Khmer conflict of Khmer Phrea Vihear temple and the restriction of the goods and services between Thailand and Cambodia make the Japanese have a second thought and they have no choice except to open a new factory in Cambodia!
I can't believe that it would such conflict for the Japanese to invest in Cambodia!
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