PhnomPenhPost-June 16, 2022

The Kingdom’s first Ford assembly plant was inaugurated on June 16 in Pursat province amid rising demand for brand-new vehicles among Cambodians. The facility is seen as a game changer for the domestic automobile industry, which could bring a wave of investors seeking to cash in on the upward trend. At the inauguration ceremony, Ngorn Saing, CEO of RMA (Cambodia) Plc, an authorised Ford automobile distributor in Cambodia, noted that the more-than-5ha plant in Pursat’s easternmost Krakor district with capital investment of $21 million would create over 500 jobs and assemble about 9,000 vehicles each year. He said that the company was also working with the Polytechnic Institute of Pursat Province (PIPP) to train staff and improve the technical skills needed to do the job. According to him, the domestic automotive industry is dominated by second-hand vehicles, which account for 70-80 per cent of all sales in the Kingdom, a trend which he said has rapidly reversed in the last few years as more Cambodians opt for new models. Saing revealed that the plant would switch from the CKD (complete knock-down) method to its IKD (incomplete knock-down) alternative, which would allow the introduction of Cambodian-manufactured components into the vehicles. Read more at: https://www.phnompenhpost.com/business/pursat-ford-assembly-plant-opens