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Over 140 Garment Factories Shut this year


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Khmer Times/Sok Chan

Almost 150 garment and footwear factories shut down this year, while more than 50 new ones opened, according to a report from the Commerce Ministry released on Friday.

The report said that 982 garment factories and 90 footwear manufacturers were registered with the ministry. Of these, 130 factories that make apparel and 14 that make footwear shut down this year. Another 53 garment factories and five footwear factories registered with the ministry, the report said.

Ho Sivyong, director of the import and export department at the ministry, said that even though more factories closed than opened he was optimistic that the production would increase next year, citing pledges that some global brands had made to buy more products from Cambodian factories.

read more: http://www.khmertimeskh.com/news/19184/over-140-garment-factories-shut/

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