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China to invest $1 billion in Cambodia tyre & rubber projects

Author: Stephen Goodchild Comments: 0
Cambodia’s First Deputy Prime Minister, Sun Chanthol (l), signed the MoU together with Yuan Zhongxue, director of NERCRAT (Photo: CDC)

A Memorandum of Understanding (MoU) confirmed between Cambodia and China paves the way for major investments in tyre and rubber sector projects. Cambodia’s First Deputy Prime Minister, Sun Chanthol, signed the MoU together with Yuan Zhongxue, director of China’s National Engineering Research Center for Rubber and Tires (NERCRAT), during a visit to the Qingdao-based facility earlier this month.

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