Cambodia's biggest cement plant will emerge in Kampot province's Banteay Meas district in 2018, with a total investment capital of some US$262 million.
The groundbreaking ceremony for the construction of this cement plant was held yesterday under the presidency of Samdech Vibol Sena Pheakdei Say Chhum, President of the Senate, Kampot Provincial Governor H.E. Khoy Khun Hour, and Oknha Leang Khun, Shareholder of Chip Mong Insee Cement Corporation.
Speaking on the occasion, Oknha Leang Khun said this investment is a joint-venture between Chip Mong Group and Thailand's Siam City Cement Public Company Limited.
Once the construction completed, the plant will be capable of producing some 5,000 tons of cement a day, and provide some 500 direct jobs and other 5,000 indirect jobs to local people, he added.
According to Kampot provincial governor, there are now five cement factories in Kampot, of which three have been operating with a total production of approximately 3,710,000 tons of cement a year, while two others are under construction.
Samdech Vibol Sena Pheakdei Say Chhum said the plant will contribute to the country's economic development, as well as the improvement of people's living standards.
This achievement showed the country's rapid development in all sectors, and the efforts of the Royal Government of Cambodia in bringing about peace, political stability and socio-economic development to the country, underlined the senate president.