Chinese Danong Development Group to Transform Takeo’s Agriculture with Large-Scale Investments

• 14 November 2024
• Uncategorized
• 722 Views

Danong Development Group, a prominent Chinese company, has announced plans to invest significantly in Takeo Province’s agricultural sector, focusing on livestock farming and key crop cultivation.

This ambitious initiative was unveiled during a meeting with the Takeo provincial administration on 13 November 2024, marking a pivotal development for the province’s agro-industry.

Zhao Shujie, Chairman of Danong Development Group, outlined a multi-faceted investment strategy targeting four key areas: producing grass for animal husbandry, breeding livestock, cultivating corn, and raising pigs and cattle.

These activities will form a robust supply chain supported by advanced processing equipment and innovative farming practices. The project aims to revolutionize agriculture in the region, enhancing productivity and efficiency while integrating modern agro-technologies.

Takeo Governor HE Vy Samnang welcomed the investment, praising Danong’s expertise in intelligent agro-industry from Shandong Province, China. He emphasised the transformative potential of the collaboration, which will empower local farmers through the transfer of knowledge, technology, and resources, positioning Takeo Province as a model for agro-industrial development in Cambodia.

Danong’s choice of Takeo for its investment is rooted in the province’s abundant agricultural potential compared to other regions in Cambodia, according to Mr. Zhao.

Notably, the company had already taken steps toward this initiative by signing agreements on 15 September 2023 with four other companies to develop a model area spanning over 10,000 hectares. This area includes projects focused on corn breeding, growing high-protein grass and straw, raising cattle for meat production, and building processing plants for agricultural products. (Read more)