US$17 million Steel Recycling Plant to Open in Kampong Speu

A steel-processing plant, which uses recycled steel and metal scraps to produce finished steel products, is soon set to open in Kampong Speu province to help contribute to domestic supply and reduce steel imports.

Located in Oudong district, the US$17 million project is to be an investment by Chinese firm Hong De Sheng (Cambodia) Steel Co., Ltd. The firm will use the metal scraps collected from semi-finished local and imported steel products to process finished steel.

Director-General of Mines at Ministry of Mines and Energy HE Yos Monirath said on Monday 21 September that there is licensed firm exploring steel mines in Preah Vihear province. However, none of them uses the extracted minerals to produce steel due to the limited amount available.

He added that there are also two plants at the moment using recycled metal scraps to make finished steel in Cambodia.

According to the company’s website, Hong De Seng (Cambodia) Steel Co Ltd was established in 2019. The plant is scheduled to start operations in 2020 with capacity of producing 500,000 tons.

- Video Advertisement -

Related Post

A $117 Million Economic Lifeline: Prime Minister Hun Manet Inaugurates Newly Expanded National Road 7

The newly upgraded 4-lane highway connecting Skun and Kampong Cham town is projected to deliver a 15.27% economic return, slashing travel times and boosting agricultural trade… In a major boost to Cambodia’s internal logistics network, a vital 45.489-kilometer section of National Road 7 connecting the Skun roundabout to the Kizuna Bridge roundabout in Kampong Cham […]

Maritime Geopolitical Rivalry Intensifies as Vietnam Accelerates $4 Billion Deep Sea Port Project in the Far South

The massive infrastructure development on Hon Khoai Island serves as both an economic gateway for the Mekong Delta and a strategic maritime shield amid shifting regional dynamics Ho Chi Minh City: The geopolitical and trade landscape of Southeast Asia is entering a highly competitive phase as nations across the region race to build strategic advantages. […]

Field Assessments Underway for Kandal Province New Strategic Bridge

A joint delegation evaluates four potential sites for the Koh Khsach Tonlea crossing to enhance rural connectivity and market access In a significant step forward for Cambodia’s infrastructure development, a multi-institutional technical team has launched a comprehensive field survey to determine the optimal location for the upcoming Koh Khsach Tonlea Bridge project in Kandal Province. […]

Cambodia Completes Major Expansion of National Road 7 Connecting Skun and Kampong Cham

The $117 million infrastructure upgrade backed by China is set for an official inauguration by Prime Minister Hun Manet in July… The extensive upgrade of National Road 7, stretching over 45 kilometers to connect the hub of Skun with Kampong Cham town, has officially reached 100% completion. To mark this infrastructural milestone, a formal handover […]

Cambodia to Upgrade National Road 4 Section in Chbar Mon to Drive Regional Economic Growth

The Kampong Speu Provincial Administration recently announced a comprehensive infrastructure initiative aimed at upgrading the aesthetics and functionality of a key section of National Road 4 within Chbar Mon City. The project is strategically designed to transform the province into a vital economic and commercial center for the region. This development plan was detailed in […]

Bassac Riverbank Stabilization Project in Kandal Reaches 60% Completion

The ongoing infrastructure initiative to reinforce the Bassac riverbank in Sampov Poun City, Kandal Province, has achieved a significant milestone, with construction teams completing approximately 60% of the designated works. Local authorities and engineering crews remain heavily committed to accelerating the remaining phases to ensure the project concludes entirely on schedule. During a recent field […]