“Be a company where our employees are proud to work in. Work in harmony with the local community and Promote and contribute to global society,” says Mr Tetsu Shiozaki, General Manager of Regional Affairs for Southeast Asia, MinebeaMitsumi Inc., and President of Minebea, (Cambodia) Co., Ltd.’ “Our Cambodia plant realises these company credos,” Mr Tetsu added.
Minebea (Cambodia) Co., Ltd was established in Cambodia as the country’s first manufacturer of precision electronic components and commenced production in 2011, and currently operates in the Phnom Penh Special Economic Zone (PPSEZ). Minebea started with an investment of $23 million in 2011 and reaching $250 million in 2017. Then it had $372 million capital investment in Cambodia in 2018, with the company expecting to reach $400 million by the end of 2019.
“At the first step, we started with just doing the assembly process for components imported from overseas. But now for the second step, we started production of inhouse parts.
“The role of the Cambodian plant in the group is becoming increasingly important as a mass production base,” says the Minebea (Cambodia) president. Mr Tetsu said that at present, Minebea has been maintaining approximately 7,000 employees and will increase to 20,000 employees in the future. The company has conducted a smart city project in Cambodia, implementing high-efficiency LED streetlight using wireless networks. In enhancing efficiency by switching to LED lighting with wireless dimming control, the project realised a reduction of approximately 70 percent of Green House Gas (GHG) emissions amount when compared with conventional High Intensity Discharge (HID) lighting providing the same level of brightness (based on company’s research).
Mr Tetsu adds that the Cambodian plant has space for business expansion. “We would like to make full use of these space and further contribute to the Cambodian economy,” he said, adding that all the products produced in Cambodia were exported to Thailand, Philippines, Malaysia, Japan, United States, and European countries such as Germany, Slovakia and others.
Tetsu says that the smart city project has been highly evaluated and will be set up in various cities in Cambodia. Through these projects, we would like to make Cambodia the most advanced smart city showcase in the world, and provide safe, secure and comfortable living to the people of Cambodia.
“Our business activities are rooted in the land of Cambodia and we train our employees with a long-term perspective. We would like our employees’ parents to be assured that your sons and daughters are working for a Japanese company and would like to ask for their continued support,” Mr Tetsu says.
“Building a good relationship between Cambodia and Japan is one of the most important factors for us in building trust with our employees and their families,” he adds.
In 2017, the company was awarded the Cambodian Environment Minister’s Prize in recognition of its contribution to reduce electric power use and increase efficiency, as well as its contribution to the environment.
To have overseas expansion faster than other companies in the same industry and build good relationships with each country we operate and develop mutual trust. Mr Tetsu says with its Ultra-precision machine technology and mass production technology as a core, it has become the only precision components manufacturer who creates new value through the “INTEGRATION” of its unique product portfolio combining bearings, motors, sensors, semiconductors and wireless products that cannot be found elsewhere. Overcoming difficulties in the investment climate and enough pace for expansion of its 3rd factory aims to further increase the production of high-value added products in the future.
Minebea will make further investment and long-term human resources development in Cambodia with the continued support of the Cambodian government. Minebea currently employs around 7,000 Cambodian workers, and to expand the workforce to 20,000.
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