Adidas supplier cements commitment to Cambodia
22/05/2014
Grand Twins, which supplies to Adidas, Reebok and Salomon, said it chose to float on The Cambodia Securities Exchange because the “textile industry is an anchor of Cambodia's economy”, a manager told Reuters. “Taiwan is more for electronics companies going for listing," he said.
Grand Twins International, which employs about 5,700 workers, reported $54.9 million in revenue in 2012 and is expected to raise $19.3 million.
The only other company listed in the country is Phnom Penh Water Supply.
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