Two Companies Seek to Invest in Cambodia’s Cashew Agro-Industry

• 12 February 2025
• Local News
• 143 Views

In an exciting development for Cambodia’s agricultural sector, Mountain Hazelnuts and Kamya have expressed their intention to invest in the country’s burgeoning cashew agro-industry. The companies are currently discussing with the Council for the Development of Cambodia to explore potential investment opportunities.

This announcement followed a meeting on February 11, 2025, between HE Chea Vuthy, Secretary General of the Cambodia Investment Committee, and key executives from the two companies, including Daniel Spitzer, President and CEO of Mountain Hazelnuts, and Andreas Groetschel, CEO of Kamya.

During the meeting, representatives from both companies emphasized their interest in the agro-industry, particularly in the cashew sector. HE Chea Vuthy welcomed their enthusiasm, underscoring the Cambodian government’s commitment to fostering a conducive business environment in this priority area. He noted the ongoing initiative to establish a dedicated industrial park for cashews, which aims to enhance the operational landscape for investors.

Further discussions highlighted the value chain of the cashew industry, with the Secretary-General detailing critical upstream processes such as the collection, drying, and storage of cashew nuts. He urged the companies to explore investment opportunities across various value chain segments and encouraged them to conduct thorough feasibility studies for potential projects in Cambodia.

In a broader context, as of January 2025, Cambodia attracted approximately US$748 million in total investment capital, with around 73.35 percent, or USD 548 million, sourced from China. The Council for the Development of Cambodia also approved 68 investment projects in January, comprising 64 new ventures and 4 expansions in the industrial sector, reinforcing the country’s appeal to foreign investors.

The renewed interest from Mountain Hazelnuts and Kamya signals a promising future for Cambodia’s cashew agro-industry, which is poised for growth and development in the coming years.

• Investment and Funding
• Agriculture and Aquaculture Project