Yantai Textile Enterprises To Kampuchea Investment And Construction Has Made A Good Start.

It is understood that in Kampuchea's national policy level, enterprises are welcome to invest in business.

After investigation, Yantai Mingyuan Home Textiles Co., Ltd. finally decided to invest in the construction of its own company in Kampuchea, Sihanouk. The company's first investment is 3 million dollars.

"At that time, I saw all the advantages of Kampuchea."

Speaking of the company along the "one belt and one road" line

Wang Shuo, deputy general manager of Yantai Mingyuan Home Textiles Co., Ltd., said that the effect of the "going out" strategy has begun to show. Since the commissioning of the Cambodian textile mill in October last year, the export volume has reached about 700000 US dollars, and a good start has been made, and the next development plan will be determined according to the situation.

Seek development: take the initiative to go out and Cambodia factory

"After several years of development, the company also wants to seek greater breakthroughs."

Wang Shuo, deputy general manager of the company, said that the company is a professional bedding producer and an international trade enterprise. It was founded in 2008 as a relatively young enterprise.

Now there are four sewing factories, an embroidery factory, a quilting factory and a printing and dyeing factory.

Wang Shuo introduced that in the global economic downturn, the sales volume of the company reached over 560 million yuan last year.

In this case, the company also wants to seek further development, implement the strategy of "going out", and attract money abroad, so last year it has been inspecting foreign markets.

"There is order guarantee at hand."

Wang Shuo said that most of the products produced by the company are exported to foreign countries and have relatively stable orders.

The order is guaranteed, so we have confidence in building factories abroad.

Wang Shuo introduced that in domestic processing plants, labor costs and other costs are increasing, and the problem of recruitment is becoming more and more prominent.

If we can build factories in Southeast Asia and other countries with abundant labor resources, it is a good choice.

After investigation, the company finally decided to invest in the construction of its own company in Sihanouk, Kampuchea.

The company's initial investment was US $3 million. In August last year, the workshop rental and other matters were settled. The newly established Kampuchea Ming Yuan Household Textile Co., Ltd. was formally put into operation in October last year.

Concession: enjoy multiple dividends such as taxes and exports.

It is reported that Ming Yuan home textile investment in Kampuchea is also optimistic about the local multiple dividends.

At the national policy level, Kampuchea welcomes enterprises to invest in business.

In order to attract investment, the local government has offered more favorable conditions, for example, the factory can be duty-free in the first three years.

"The average monthly wage of local workers is between 130-150 dollars."

Wang Shuo said,

It is a labor-intensive industry with less investment in equipment, and the wages of workers are a great cost.

Compared with China, local labor resources are abundant, plus low prices, which can effectively reduce the cost of enterprises and achieve greater benefits.