"One Belt And One Road" Helps Yantai Textile Enterprises Open Investment In Kampuchea

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

Wang Shuo, deputy general manager, 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

Sihanouk Province invested in building its own company.

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.

It is a labor-intensive industry with less investment in equipment. The wages of workers are a great cost. The average monthly wage of local workers is between $130-150.

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