Switzerland-based Bühler Group, a tech company providing solutions to food, mobility and communication needs, is seeking to invest into rice processing facilities in Cambodia.
For in depth analysis of Cambodian Business, visit Capital Cambodia
According to a Commerce Ministry press release, the plan was announced on Wednesday during a meeting between Commerce Minister Pan Sorasak and Bühler Asia president David Wang.
It said the company plans to invest ten rice drying facilities within ten provinces across the Kingdom.
The press release did not mention which provinces the company is interested in, but it said the company aims to store up to one million tonnes of rice, with the target to dry about 13,000 tonnes per day.
It noted that the finish product would be further processed before it is exported to international markets.
“The facilities will be equipped with a high-end technology […], with the promise of increasing the value of the rice value chain and diversify finished goods for global market export,” Mr David said, according to the ministry press release.
It noted that Bühler’s presence in the Kingdom will primarily focus on using cutting edge technology in order to process agricultural products and strengthening sustainable production in Cambodia
Mr Sorasak said in the press release that he supports the move, noting that the investment plan is in line with the Kingdom’s industrial development policy and the government’s rectangular strategy phase IV.
“Once facilities are ready for operations, they will help strengthen to stabilise the prices of domestic agriculture products,” he said. “It will also help to curb the flow of paddy rice exported to neighbouring countries.”
It noted that according to an Agriculture Ministry report last year, Cambodia produced 7.4 million tonnes of paddy rice, a 3.5 percent hike when compared to 2017’s 3.07 tonnes of rice.