Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Siam Cement plant to cash in on boom

Siam Cement plant to cash in on boom

THAILAND'S largest conglomerate Siam Cement Co (SCC) said on April 28 it hopes

to profit from a hoped-for construction spree in Cambodia when its first cement

factory opens in Phnom Penh, AFP reports.

The $800,000 plant, with a

production capacity of 40,000 cubic meters, is to be 60 percent owned by Siam

Cement subsidiaries.

The other 40 percent will be held by a group of

Cambodian banks and companies, Siam Cement spokesman Thanit Sirithorn

said.

 

The plant will run at half capacity when it opens, though Thanit claimed the

demand for cement in Cambodia was expected to rise 15 percent

annually.

Siam Cement is one of Thailand's biggest and most successful

industrial conglomerates, owning companies in the United States.

Siam

Cement's Khmer subsidiary Siam Cement Cambodia Trading Company Limited formally

opened its office in Monivong Boulevard on Christmas Day in December

1992.-AKP

0

Comments

Please, login or register to post a comment

Latest Video

Phnom Penh eats: Homegrown veggies at Bayon Beoung Snor

​Nestled along National Road 1, Bayon Beoung Snor is a farm-cum-restaurant. The team grows their own vegetables, which they then use to whip up traditional Khmer food.

Bill Clough reflects on The Phnom Penh Post's 25 year history

The Post's publisher Bill Clough, under whose leadership the publication went from a fortnightly to a daily one, discusses his investment in Cambodia, his vision for the paper in an increasingly digital age,

People search for their names on the voter lists at a polling station in Kampong Cham’s Veal Vong commune earlier this month.

Four years ago, when the opposition snatched Kampong Cham away from the ruling party in 2013 national elections, it hinted at a deeper shift taking

Comfrel Executive Director Koul Panha speaks to the press at a meeting yesterday in Phnom Penh.

As the National Election Committee launched into the recount proc