Hyundai Corporation Holdings is constructing a modern agricultural products distribution center in Cambodia, and is expanding its exports to Cambodia’s tropical fruits such as mangoes. HYUNDAI CORPORATION HOLDINGS was re-listed in October 2015 as a division of Hyundai Corporation and serves as a holding company for Hyundai Corporation.
Hyundai Corporation Holdings announced the completion of its modern agricultural products distribution center in Kampong Spu Province near Cambodia’s capital, Phnom Penh.
Hyundai Corporation Holdings, a joint venture with local partner Mao Legacy, completed a 6000 square meter building with a total area of 50,000 square meters. It consists of three buildings, including a distribution center and an office building.
Hyundai Corporation Holdings completed the agricultural product distribution center that meets international quarantine standards, opening the way for the direct export of Cambodian tropical fruits to countries around the world that require a variety of demanding quarantine conditions, including Korea, Japan, China and the EU. South Korea’s quarantined Cambodian mango will be imported for the first time in January.
Mango, Cambodia’s representative tropical fruit, has been sold cheaply to neighboring border countries because of its high sugar content and rich fruit quality.
Hyundai Corporation Holdings plans to increase exports to about 10,000 tons in 2020 and 15,000 tons in 2021, and expand its sales to Europe and the Middle East.
Chairman Chung Mong-Hyuk said, “This agricultural distribution center will be the first and the largest quarantine and distribution center for Cambodia’s agricultural exports.”