US$32 Million Cement Factory Announced for Sihanoukville Special Economic Zone

• Proeksa Meas
• 9 August 2018
• Uncategorized
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Sample Photo of Cement Plant. Photo Credit: Himalayan Times

King Elephant Construction Material Industrial CO., Ltd recently announced their plan to invest US$32.6 million to build a cement factory in the Sihanoukville Special Economic Zone in response to rising demand in the Cambodian market.

After an official meeting between the company representatives and the Sihanoukville Deputy Governor Chhin Seng Nguon on 6 August, the project is currently undergoing an Environmental Impact Assessment (EIA) study to guarantee that the factory will not affect the environment or society.

“We are open to all investment, especially Foreign Direct Investment (FDI), as this can help boost our country’s economy. However, all investors have to follow the laws and regulations of Cambodia,” said Mr Seng Nguon.

In May, the Conch cement factory also opened its doors in Battambang Province under a joint Cambodian-Chinese investment of US$230 million. This factory is capable of making up to 5,000 tons of cement per day or equal to about 2 million tons per year. (Read more).

In terms of cement supply, Cambodia currently has four main cement factories which can produce up to 7 million tons per year in response to the current high demand from the construction industry.

 

 

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