Japan's Minebea Mitsumi Invests $1.9 Billion in Cambodia Over 15 Years, Plans New Factory in Poipet

Japanese electronics giant Minebea Mitsumi has invested a cumulative $1.9 billion in Cambodia over 15 years, according to confirmation from Keo Rattanak, Minister of Mines and Energy. The company plans to invest an additional $600-700 million over the next 10 years for the second phase of its project in Poipet province. During a meeting with Cambodian Prime Minister Hun Manet in Japan on May 28, 2025, Yoshihisa Kainuma, President and CEO of Minebea Mitsumi Inc., stated that Cambodia is the "best location" for investment. The company currently provides over 2,000 jobs and plans to recruit more local citizens. In response, Prime Minister Hun Manet emphasized the government's continued policy of supporting and prioritizing all investing companies, ensuring an attractive and competitive investment environment in Cambodia. Minebea Mitsumi began its operations in Cambodia in 2011, manufacturing products such as small motors, fan motors, optical components for mobile phones, electronic parts, vibration devices for gaming, electronic circuit assemblies, LED lighting panels, blood glucose meters, and smart street lighting systems. In 2024, the company commenced construction of its second factory in Krakor district, Poipet province, on 50 hectares of land with an investment of approximately $650 million, aiming to create around 8,000 jobs.