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Old July 30th, 2010, 12:31 PM   #1
SeeMacau
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Cambodia first automobile assembly plant - Hyundai

This deserves a seperate thread !!

Hyundai puts the Kingdom in fast lane

Friday, 30 July 2010 15:03
Soeun Sa

PRODUCTION of the first cars and vans to be assembled in Cambodia for domestic sale is set to begin at the US$62 million Hyundai plant in Koh Kong province this September.

The chief technical officer for plant owner Camko Motor Co, Gee Kyu Yong, said yesterday that the factory was 90 percent complete – with vehicle-assembly equipment due to be installed on August 20.

“In September, it will be possible to produce the first car here,” he said.

He also said that Hyundais would be the first automobiles to be mass produced and marketed in the Kingdom.

The new plant will initially make SUVs and 12-seat vans from parts manufactured abroad, according to Camko Motor’s finance director, Lim Visal.
Hyundai’s sales office in Phnom Penh sold vehicles manufactured in South Korea but had been frequently unable to meet demand, he said.

“We sell at least 50 cars per month, and we often run out of stock to sell,” said Lim Visal. “The Cambodian market is very receptive to Hyundai.”

Located in the Neang Kok Koh Kong Special Economic Zone, Camko Motor Co is a joint venture between KH Motors – the domestic distributor of Hyundais – and Cambodia’s Ly Young Phat Group.

Initially, the company intends only to satisfy the domestic demand for Hyundais, but may eventually export across the region.

“We plan to put together 1,000 automobiles in the first year,” said Lim Visal. “By the second or third year, we will be assembling 3,000 vehicles.”

The cost of building the plant would eventually total $62 million, Lim Visal said. Work on the first, $12 million phase is slated to wrap up in September. The firm will begin its second and third phases, costing $10 million and $40 million, when conditions allow.

Construction on the 165,000-square-metre plant began last June. The site covers 16 hectares and will include two facilities for assembly, as well as worker dormitories.

Hyundai generated global revenue of $1.2 billion during the second quarter, as its operating profits climbed 31 percent compared to a year earlier, according to financial statements released yesterday.

A jump in the firm’s sales in the United States made up for falling figures in China and Europe, Bloomberg quoted Hyundai Motor Co Chairman Chung Mong Koo as saying.
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Old July 30th, 2010, 01:49 PM   #2
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Good news for Cambodia and much more Jobs for Khmer people !
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Old July 30th, 2010, 03:27 PM   #3
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A very good beginning !!
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Old July 30th, 2010, 04:41 PM   #4
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Good News ! Later we'll have Toyota, Honda, and others !
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Old July 31st, 2010, 01:04 AM   #5
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Very good news ! It is the beginning !
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Old August 2nd, 2010, 06:22 AM   #6
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yeaaaaaa, More jobs for the kingdom, I'm glad they chose Cambodia, 'cause Cambodia really needed one.
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Old August 2nd, 2010, 04:46 PM   #7
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Good beginning!!! Hope to see the first car is on sale in Cambodia soon ,
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Old August 2nd, 2010, 10:07 PM   #8
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Now you know why I love Koreans lolz!
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Old August 3rd, 2010, 09:36 PM   #9
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Hmmm. If you continue, we'll find a Korean woman for you.
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Old August 4th, 2010, 08:45 AM   #10
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HAHAHA, thats should make he happy.
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Old August 4th, 2010, 03:41 PM   #11
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What about me?
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Old August 5th, 2010, 10:56 AM   #12
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Quote:
Originally Posted by SeeMacau View Post
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Old August 22nd, 2010, 01:48 PM   #13
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Quote:
Originally Posted by SeeMacau View Post
...

The new plant will initially make SUVs and 12-seat vans from parts manufactured abroad, according to Camko Motor’s finance director, Lim Visal.
Hyundai’s sales office in Phnom Penh sold vehicles manufactured in South Korea but had been frequently unable to meet demand, he said.
Just wondering, what Hyundai vehicle models are we talking about here?

Are these the Grand Starex/i800 (10-12 seater vans currently being assembled in Ulsan, South Korea), and the Tucson iX or Santa Fe (SUVs built in Korea and in the US)?
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Old August 23rd, 2010, 06:35 PM   #14
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I don't know my friend, I think Cambodia only do part... I'm not sure....
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Old August 23rd, 2010, 11:44 PM   #15
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It is a good news, but I hope they will pay the fair labor price to the locals. It is bad if the the Koreans only want to take advantages of Cambodia's cheap labor but don't care about the community
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Old August 24th, 2010, 06:02 AM   #16
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Quote:
Originally Posted by LuvKhm3r View Post
I don't know my friend, I think Cambodia only do part... I'm not sure....
Even if they assemble vehicles from parts imported from abroad, that's still a good step compared to importing CBU (completely built-up) vehicles. At least that will offer employment to the locals.

By any chance, would you have a reference map as to what section of Cambodia the plant will be built in? All I have is that it's in Koh Kong (is that southwest of Phnom Penh?)
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Old August 26th, 2010, 04:35 PM   #17
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Quote:
Originally Posted by LuvKhm3r View Post
I don't know my friend, I think Cambodia only do part... I'm not sure....
Yes, thats what I think ..
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Old August 26th, 2010, 04:38 PM   #18
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Quote:
Originally Posted by NTprime View Post
Even if they assemble vehicles from parts imported from abroad, that's still a good step compared to importing CBU (completely built-up) vehicles. At least that will offer employment to the locals.

By any chance, would you have a reference map as to what section of Cambodia the plant will be built in? All I have is that it's in Koh Kong (is that southwest of Phnom Penh?)
"The vehicle assembling factory will be opened in coastal Koh Kong Province"

Most likely at Sihanoukville, because there is an international port in the city.
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Old September 17th, 2010, 06:23 AM   #19
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Do drivers drive on the right or left side of the road in Cambodia?

OT a bit...when I visited Siem Reap a couple of years back, the taxis were a combination of left hand and right hand drive cars (usually Toyota Camry). But I think we drove on the right side of the road. So am I right in saying that Cambodia is a drive on the right side country like Korea, the Philippines, most of Europe (except the UK) and the Americas?
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Old September 18th, 2010, 08:47 AM   #20
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left........but i see some on the right too....Im not sure which side Cambodia use....
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