Clothes Hanger Factory Approved to Open in Svay Rieng Province

Prathna​​   On May 22, 2020 - 2:23 pm​   In Cambodia Insider   0  
Clothes Hanger Factory Approved to Open in Svay Rieng Province Clothes Hanger Factory Approved to Open in Svay Rieng Province

A private company has just got the green light from the Council for the Development of Cambodia (CDC) to invest in the creation of a factory manufacturing clothes hangers in Svay Rieng province.

According to a CDC’s press release issued yesterday, the project is invested by Bayon Smile Hanger Development Co., Ltd., with an investment capital of US$5.9 million.

To be located in Sangkat Bavet of Bavet town, it added, the new factory is expected to provide 682 jobs for local people.

Such investment amid COVID-19 outbreak demonstrates confidence of foreign investors in Cambodia’s macroeconomic, political and social stability though threatened by the pandemic.

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