Cambodia’s first live-cattle feed lot and abattoir, SLN Meat Supplies has suspended its production due to the uncertainty of taxes on live imported cattle..
Mr Hor Sin Leang, Managing Director of SLN Meat Supplies, told Khmer Times this morning that the company will suspend production for a brief period and hope to resume operations by next year.
“We cannot keep our production going as usual as we don’t have live-cattle to slaughter and we have more than 500 staff. Now we are able to keep around 50 to 60 workers only to keep the abattoir clean until we have a clear plan to resume operations as normal,” Mr Sin Leang said.
“We hope to restart our operations around March next year,” he added.
Mr Sin Leang said that the company now has called on the Ministry of Economy and Finance to cut the tax on imported live-cattle to zero in order to push the production. He added that the company will also undergo a restricting exercise and are currently studying the plan.
“We lost about $8 million since our operations started,” Mr Sin Leang said. “Under the proposed restructuring plan, we will export live-cattle to foreign countries,” he added. He said that the company has slaughtered about 3,000 live-cattle since the start of production so far.
SLN is the largest company in the Asean region producing Australian beef and it has already built a factory costing more than $30 million in Preah Sihanouk province. It is located in Prek Teal village in Prey Nob district’s Teuk Thla commune.
Full story will be tomorrow’s publication.