June 16th, 2017 marks another special day for Phnom Penh Special Economic Zone because we witnessed the beginning of another development coming to existence.

About three years ago, MIDORI TECHNO PARK (CAMBODIA) CORPORATION came to invest in our zone by starting in our rental factory. The company has been manufacturing their high quality products of AUTOMOTIVE INTERIOR TRIM since then.

Today is a very joyful day for both MIDORI TECHNO PARK (CAMBODIA) CORPORATION, as an investor, and for Phnom Penh SEZ Plc., as zone developer, because this company would start the construction of their very own factory congratulated by a joyful Ground Breaking Ceremony.

Mr. Seiichi Kobayashi, the President of the company, has a strong feeling and commitment to build a factory that all employees love to come to work, a factory with unique design and pleasant environment with the elements of culture and nature.

We very much look forward to the completion of the factory. And we wish the process go smoothly and on track. We will wholeheartedly continue to support the company and witness the success together.

Phnom Penh SEZ PLC held participation in 154th Anniversary of the World Red Cross Red Crescent

May 08,2017: Phnom Penh SEZ PLC, represented by two senior officers, donated 5,000 US dollars to The Cambodian Red Cross (CRC) in the event of the 154th Anniversary of World Red Cross and Red Crescent Day this morning at the CRC headquarters in Phnom Penh under the theme “Cambodian Red Cross is Everywhere for Everyone.”

The celebration was presided over by Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen and his spouse Samdech Kittiprittbandit Bun Rany Hun Sen, President of CRC, with the participation of members of CRC, members of Parliament and government, charitable people and CRC’s youth volunteers.

For last year, 13.43 million US dollars were collected on the occasion as humanitarian contribution from local and overseas charitable people.

Flood, drought, storm, fire and other natural disasters have brought miserable lives to a lot of people in Cambodia every year. All the unfortunates are in great need for help to have a proper shelter, food, and clothing, just to name the few.

Cambodian Red Cross Organization, is one of the largest humanitarian organizations in Cambodia. Establish in 1955, it is officially recognized by Royal Government as the primary auxiliary to the public authorities in humanitarian services. It was admitted as a member of the International Federation of Red Cross and Red Crescent since 1960.

Phnom Penh SEZ PLC is a regular contributor to CRC. We wish that this act of sharing become culture in the Cambodia society.

Road cleaning activities along Phnom Penh SEZ’s Fences

Keeping our community clean is everyone’s responsibility! 

On April 28th, 2017 Phnom Penh SEZ in collaboration with local authorities and villagers of Phum Trapoengchuk, Sangkat Kantok, Khan Porsenchey, Sumi (Cambodia) Wiring Systems Co., Ltd, Minebea (Cambodia) Co., Ltd, Sahas PPSEZ Co.,Ltd and B70 security cleaned up all rubbish thrown along the road outside Phnom Penh SEZ’s fence. There were 78 people who joined this activity to ensure cleanliness and tidiness along the road.

Phnom Penh SEZ PLC. holds Annual General Meeting ("AGM")

The Kingdom’s leading economic zone, listed last year as the first private Cambodian company on the Cambodian Stock Exchange, received strong support from its shareholders

Phnom Penh, 24th April 2017 – On Friday 21st, Phnom Penh SEZ Plc. board of directors presented the fiscal year 2017 and briefed on the status of ongoing development plans.

“The year 2016 was the beginning of an important milestone for Phnom Penh SEZ PLC due to becoming the first private Cambodian company to be listed on the Cambodia Securities Exchange on date May 30, 2016. It has been the long continuing success story since our commencement in 2007. We have never changed our ambition to be the leading Special Economic Zone Developer (“SEZ”) in the Kingdom, principally involving in the business of operating and managing of SEZ with the main purpose of developing industrial land for sale or lease,” said Lok Chumteav Okhna Lim Chhiv Ho, Chairwoman of Phnom Penh SEZ Plc. in her introduction speech.

Due to a sluggish global economic climate last year, sales revenue dropped significantly from fiscal year 2015. “Obviously, we had a reduction of sales revenue in 2016 compared to 2015. Our net profit for 2016 is about US$ 1.45 million,” says Mr. Fong Nee Wai, Chief Financial Officer of Phnom Penh SEZ Plc. “However, we have increased our percentage gross profit margin. Our total assets increased substantially from using IPO proceeds to purchase more land and invest in land development and infrastructure”. Additionally, Nee Wai highlighted the improvement of debt-to-equity ratio to 0.55X compared to 0.78X in 2015.

 During the AGM, Phnom Penh SEZ shareholders have approved the minutes of Extraordinary General Meeting from last year, as well as the 2016 financial statement (ended 31 December 2016) and the revised articles of incorporation.  All resolutions were overwhelmingly embraced by a large majority. In the meantime, the initial board of directors have been reelected and appointed for two more years.

The AGM was also a great occasion for Phnom Penh SEZ board of directors to present the company’s future development plans to the shareholders. The industrial estate is currently diversifying its offerings to investors into the Cambodian economy by expanding its business model: “The key challenge we’ve faced last year was the difficulty to get some deals with important land investors.” says Hiroshi Uematsu, Chief Executive Officer of Phnom Penh SEZ Plc. “In order to further growth of our business, we need to highlight on two strategic moves. First is the expansion of Phnom Penh SEZ and Poipet PP SEZ. The second is to diversify our business activities to receive new revenue streams beyond land sales, including electricity, water supply, rental factory/warehouse, construction and services. By benchmarking the revenue breakdown with top-tier industrial estate developer in Thailand, their revenue from land sales are below 50%. We ambitiously endeavor to increase non-land sales recurring income”

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Phnom Penh Special Economic Zone
National Road No.4, Khan Posenchey,
Phnom Penh, Cambodia.

+855 (0)23 729 798
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