Suzuki Plans Factory in Cambodia
TOKYO (AP) _ Japan’s Suzuki Motor Corp. has formed a joint venture in Cambodia to begin making about 10,000 motorcycles a year, a Japanese newspaper reported.
Suzuki would become the first major Japanese manufacturer to set up a factory in the country since civil war broke out in 1970. Operation is to begin in September, the paper said.
Fifty-one percent of the new joint venture, capitalized initially at $500,000, will be owned by a Cambodian dealer of Suzuki products, while Suzuki will hold the rest, the Nihon Keizai Shimbun said in a weekend report.
A total investment of $2.2 million is expected in the plant on the outskirts of Phnom Penh, the newspaper said.