CDC okays Toyota's $36.7mn assembly plant in PP

Toyota Tsusho Manufacturing (Cambodia) Co Ltd will build an assembly plant worth $36.7mn in Phnom Penh, a statement released by Council for the Development of Cambodia (CDC) said. Cambodian Special Economic Zone Board (CSEZB) of the CDC has approved the registration of the investment project to this effect yesterday. Toyota will recruit about 150 workers to run an assembly line for Toyota brand automobiles in the publicly listed Royal Group Phnom Penh Special Economic Zone (Royal Group PPSEZ) along National Road 4 about 8 kilometers from Phnom Penh International Airport, the statement said.  The Japanese automobile producer and supplier will need to get a proclamation or prakas on procedures and formalities for the establishment of factory and handicraft within a week or 72 hours after getting the approval from CDC.  (Source: Khmer Times)