Vietnamese companies penetrate Cambodian market

A trade fair showcasing Vietnamese and Cambodian industrial products
will take place in the Cambodian capital city of Phnom Penh from
December 15-18.

When addressing a press briefing
on October 15, Vice Chairman of the HCM City Mechanical Engineering
Association, Pham Ngoc Tuan, said that the event will help Vietnamese
businesses to promote their products and seek out new markets in
Cambodia .

With almost 350 stands, the fair is
divided into two themes, one of which is being run by the Cambodian
Ministry of Commerce, focusing on exports from Cambodian provinces.

The other will introduce international industrial products, not only
from Vietnam and Cambodia but also from other countries such as
Japan , Singapore , China and Thailand . The area will be
administered by the HCM City Mechanical Engineering Association and the
Dang Khoa Trade, Investment and Services Promotions Company.

At the event, Vietnamese products will be showcased in 100 stands,
including mechanical engineering, information technology,
transportation, construction and the biochemical’s industry.

According to the organising committee, the Vietnamese and Cambodian
governments have signed a number of economic agreements, which have
created the best possible conditions for Vietnamese businesses to expand
their operations in the Cambodian market.

Market
surveys in Cambodia showed Vietnamese products account for a
substantial amount of the country’s market share. However the
availability of industrial machinery and equipment is still limited./.

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Toshiba opens industrial motors plant in Dong Nai

A worker lubricates a motor at the new factory of Toshiba Industrial Products Asia Co., Ltd. in Dong Nai Province - Photo: Quoc Hung

HCMC - Toshiba Industrial Products Asia Co., Ltd. on Wednesday officially opened a new plant in the southern province of Dong Nai, manufacturing high-efficiency industrial motors for export.

The tripartite joint venture grouping Toshiba Corp. (60%), Toshiba Industrial Products Manufacturing Corp. (30%), and Toshiba Industrial Products Sales Corp. (10%), will turn out motors of 100 horsepower or less at Amata Industrial Park in Bien Hoa City of the province.

Initial products will be exported to the U.S., which has made legislation for high-efficiency motors, and to China, the rest of Southeast Asia, Australia, Europe and Japan, according to the company.

A growing global awareness of the need for enhanced environmental protection has spurred demand for high-efficiency motors that consume less power and emit less CO2. Governments around the world are also responding to this trend.

Key features of Toshiba high-efficiency motors include low noise, high reliability, and achieving 30% reduction of energy loss, according to the company.

“The high-efficiency industrial motors made by Toshiba Industrial Products Asia Co., Ltd are used in many countries, including the U.S. as a solution for environmental protection and energy saving,” said Norio Sasaki, president and CEO of Toshiba Corporation.

This is the fourth manufacturing base of Toshiba worldwide, after the ones in Japan, the U.S., and China.

Toshiba Industrial Products Asia Co. has spent US$29 million for the first phase among the total investment capital of US$100 million. The joint venture will disburse more to reach some US$40 million next year.

Its construction began in April 2009 on an eight hectares. In 2015, the plant will ship up to 1.2 million motors a year to the global market, and is expected to provide employment for 500 people.

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