Logo of Phnom Penh Post newspaper Phnom Penh Post - Canadia Bank backs rice mill in Takeo

Canadia Bank backs rice mill in Takeo

Canadia Bank backs rice mill in Takeo


Workers at milled rice warehouse in Kandal Province are carrying rice into stok pile for milling. Photograph: Pha Lina/Phnom Penh Post

Canadia Bank will launch a rice mill in Cambodia’s Takeo province in October, a move that insiders said could help curb the flow of unmilled rice to neighbouring Vietnam.

Bank officials yesterday said they will buy US$3 million in milling equipment, and the total cost of the facility was expected to be $10 million.

Equipment would be imported from several countries including Japan, Taiwan and China, and the mill would look to export to the European Union, China and the Philippines.

The plant would have a capacity of 600 tonnes of milled rice per day by 2013, Bun Khim, rice milling manager at Canadia Bank, said yesterday, adding that operation procedures were still unknown because the factory was in the planning stages. “Now we don’t know how to operate the plant because we are preparing the machines,” he said.

Doung Heng, the president of Takeo province’s Rice Millers Association, said that  the operation of Canadia Bank’s rice milling  would not be a competitive force among local rice millers, but it would curb the flow of unmilled rice to Vietnam.

“The operation is good for reducing the amount of unmilled rice to neighbouring countries. We cannot stop exporting paddy all at once, but we can reduce it by means of investment.”

To contact the reporter on this story: Rann Reuy at [email protected]


  • Hun Sen to ‘step down’ if he loses Sam Rainsy bet over Kem Sokha

    Hun Sen has promised to step down as prime minister while opposition figure Sam Rainsy pledges to turn himself in as forfeits if the long-term political rivals lose a “bet” over the future of former opposition leader Kem Sokha, who is on bail awaiting trial

  • UAE prince seeks to invest in Cambodia

    The UAE has expressed interest in Cambodian oil and gas exploration. Minister of Mines and Energy Suy Sem said this was the result of his discussions with Sheikh Ahmed bin Dalmook bin Juma al-Maktoum, a member of the royal family who visited him on Wednesday.

  • Smith calls for ‘release’ of Sokha as visit ends

    At a press conference to conclude her 11-day visit to Cambodia, UN Special Rapporteur for Human Rights in Cambodia Rhona Smith on Thursday called for treason charges against former opposition leader Kem Sokha to be dropped and for him to be released from “restricted detention”.

  • PM denies ‘nepotism’ claims

    Prime minister Hun Sen denied on Thursday that nepotism was involved in the recent promotions of the children of senior government officials. He said they had been “trained” and were entirely capable of carrying out their duties while being open to “punishment” like anyone else.