MINEBEAMITSUMI GROUP IN CAMBODIA
MinebeaMitsumi is a comprehensive manufacturer of high-precision components and we established a local subsidiary in the Phnom Penh Special Economic Zone, Cambodia in 2010 as the country's first manufacturer of precision electronic components and commenced production in 2011. Since establishment, the Company has been making efforts to contribute to local communities by employment creation, improving the living environment of employees, and education through the manufacture of a variety of electronic components such as small motors. Currently, the Cambodia Factory is one of the most important manufacturing bases for us, with approximately 9,000 employees and has the largest number of employees employed by a Japanese company operated in Cambodia.
We also have been working on the "Smart City" project since 2015, installing approximately 6,000 high-efficiency LED streetlights in Phnom Penh and Siem Reap, combining wireless network and various sensors to resolve issues such as energy conservation and infrastructure development, and contribute to the sustainable growth of Cambodia.
BACKGROUND OF THE SPONSORSHIP AGREEMENT
Comment from Yoshihisa Kainuma, Representative Director, CEO & COO, MinebeaMitsumi Inc.
Cambodia's economic growth rate is about 7% (projection for 2019 by the National Bank of Cambodia) and despite the country's rapid economic growth, it is said that the average age of the population is about 25.6 years old (UN data) and it is the young people who support the country's growth and development. Football is one of the most popular sports in Cambodia and the Cambodia National Football Team attracts worldwide attention not only in Cambodia and Japan.
At the same time, MinebeaMitsumi has many products that boast the world's top market share, including our mainstay miniature and small-sized ball bearings. We also engage in business activities aiming to be No. 1 in the global field.
By supporting the challenges and activities of the Cambodia National Team on the global stage, we would like to share "passion" that is also stated in our slogan "Passion to Create Value through Difference" as well as confidence and joy with young Cambodian people who support Cambodian economy and aim for further growth on the world stage.
ABOUT THE SPONSORSHIP AGREEMENT
Contract Name: Partner Sponsorship
Subject Term: Cambodia "A" National Team
Term: 2 years
Sponsorship Details: MinebeaMitsumi logo on official uniform worn by players and staff. Posting logo in stadiums, holding official sponsorship games (first match was on June 6, vs. Pakistan, National Stadium, Phnom Penh)
MinebeaMitsumi will support Cambodia's potential for further grwoth through the support of the Cambodia National Team.
Media inquiries: MinebeaMitsumi Inc. Corporate Communications and Investor Relations Office
Phone: +81-(0)3-6758-6703 FAX: +81-(0)3-6758-6718