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Second sugar mill talks

THE Mong Reththy Group is in talks to build the Kingdom’s largest sugar mill, according to a report Tuesday. Tycoon Mong Reththy said his firm was negotiating with a French company to build a $100 million facility in Stung Treng province, Reuters reported. Clearance of a 10,000-hectare site would start on February 22 and planting would start in June, the company’s Deputy Director Mok Chansothea was quoted as saying. The news follows the opening of a sugar plant by Thailand’s Khon Kaen Plc in Koh Kong province, the first such factory to operate in Cambodia for about 40 years after civil war damaged the industry.

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