The Holderbank Group announced that is had secured a lease of the Chak Krey Ting
cement plant in Kampot from the Ministry of Industry, Mines and Energy.
The investment will be held by Holderbank's local subsidiary, Naga Cement Ltd., which
will modernise and expand the plant to boost production capacity to help meet Cambodia's
increasing cement requirements.
In a statement released by the firm Holderbank's Senior Vice President, Far East
Area, Peter Hugentobler said "As a leading blue chip Western investor we hope
that our involvement in Cambodia will promote other first class companies to more
seriously consider investment in Cambodia. The cement business is a heavy industry
and a long term investment which will allow massive savings in foreign exchange and
create quite some employment opportunities."
Holderbank intends to bring added value to the investment by conducting technical
training and management courses on a regular basis for company employees in order
to make them more efficient and enhance the professional career opportunities of
The statement adds that Holderbank is the world's largest cement manufacturer. With
companies in 35 countries, the group is the world's leading supplier of building
materials including cement, aggregates (gravel and sand), ready-mixed concrete and
concrete chemicals as well as construction-related services.