Phnom Penh  - Yamaha Motor Company said in a press release received Tuesday that it will establish a Cambodian assembly factory and sales unit.

The plant will use parts produced in neighbouring Thailand.

Yamaha holds a 70 percent stake in Yamaha Motor Cambodia Co, according to the press release, and the company, worth 11.1 million dollars in capital, is 20 per cent-owned by trading house Toyota Tsusho Corp, with another 10 percent being held by local trading company Kong Nuon Import and Export Co.

The factory is scheduled for completion by July.

Cambodia is attempting to broaden its economic base to relieve its dependency on garment manufacture and tourism, including developing its sparse secondary industry sector. (dpa)