The Phnom Penh Post reports that Cambodia earned $206.728 million from the export of “rubber and articles thereof” in the first four months of 2023, up 38.0 .
Cambodia earned $206.728 million from the export of “rubber and articles thereof” in the first four months of 2023, up 38.0 per cent year-on-year from $149.808 million and up 22.7 per cent half-on-half (compared to July-October 2022) from $168.5 million, according to provisional Customs (GDCE) data in “International Merchandise Trade Statistics” bulletins.
Ground broke on Newbustar (Cambodia) Tire Co Ltd’s tyre factory on May 9, in the southeastern corner of Kratie province, which according to the provincial governor, is backed by an investment of $138 million and has an annual production capacity of 8.5 million units.
A massive, freshly-launched tyre factory, backed by a $300 million investment from Chinese-owned General Tires Technology (Cambodia) Co Ltd, could be the breakthrough that the local rubber and automotive sectors have been waiting for, and potentially act as a type of price stabiliser
A massive, freshly-launched tyre factory, backed by a $300 million investment from Chinese-owned General Tires Technology (Cambodia) Co Ltd, could be the breakthrough that the local rubber and automotive sectors have been waiting for, and potentially act as a type of price stabiliser for domestic natural latex that blunts the adverse effects of fluctuations from international markets.