Chip Mong’s much-awaited $262-million cement factory in Kampot was presented to the public yesterday, in a ceremony presided over by Prime Minister Hun Sen.
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A project of Chip Mong Insee Cement Cooperation – a joint-venture with Thailand’s Siam City Cement Plc – the factory boasts a daily production capacity of 5,000 tonnes and will be located in Kampot’s Touk Meas district.
“Kampot, due to its natural conditions, is an ideal location for this factory,” the premier said.
“I hope this cooperation between these two great companies will be a successful one.”
The Chip Mong Group has a 60 percent stake in the plant, with the remaining shares held by Siam City Cement Plc.
Leang Khun, president of Chip Mong Group and the biggest shareholder in Chip Mong Insee Cement Cooperation, said the new factory will occupy 110 hectares of land, making it the largest of its kind in the kingdom.
“It will utlilise state-of-the-art technology,” he said.
The plant will exclusively produce the popular brand “Camel”.
Three products will be manufactured: “Orange Camel”, used for general construction applications like low or medium-rise building and for making high-strength reinforced concrete; “Green Camel”, used for masonry and mortar and for low-stress, general applications; and “Diamond Eagle”, used in high-rise buildings, infrastructure projects like bridges or highway, underwater projects, and for making all types of pre-stressed and post-tension concrete.
Minister of Mines and Energy Suy Sem said that, with the addition of the plant, Cambodia can produce seven million tonnes of concrete per year, enough to cover local demand.
“The new plant will contribute to the country’s social and economic development by creating jobs, increasing production capacity and reducing imports,” he said.