PHNOM PENH (Khmer Times) – Siam Cement Group, Thailand’s largest construction materials maker, is planning to invest between $200 million and $300 million in Cambodia over the next five years, according to Thai media reports.
As part of its plan, the company will add a third production line at its cement plant in Kampot, according to the reports.
SCG could not be reached for comment yesterday, but its report for the first half of this year noted that its cement and building materials unit was booming in Cambodia.
Revenue from exporting cement and building materials to Cambodia comprised 15 percent of its total of that unit’s export revenue, it said. Its Kampot plant accounts for 16 percent of its cement and building materials production revenue in Asean, excluding Thailand, it said.
SCG has projected its Cambodian operations and exports to Cambodia to reach 12 billion Thai baht ($336 million) in 2015, according to Thai media.
Construction became Cambodia’s second-fastest growing industry after garments last year.
Cambodia’s cement and concrete mostly come from Vietnam, Thailand and China, according to Ken Nhan, sales and marketing manager for construction material company Chip Mong Group.