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Demand builds for construction material

Demand builds for construction material

DEMAND for construction materials has risen this year as signs of increased building activity spread through the sector, suppliers told the Post Monday.

Representatives from leading companies reported a growth in sales coupled with increased steel prices in the Kingdom.

Seng Leakhena, sales project manager of Chip Mong Import Export and Construction Co, said steel prices had risen this year, to between US$710 and $720 per tonne from January levels of around $600 to $630 per tonne. Chip Mong imports steel from Vietnam, Thailand and China to sell wholesale to construction suppliers.

Seng Leakhena said that the company had also seen stronger sales in 2010 as some delayed constructions projects have restarted. She was unable to give exact figures, citing commercial sensitivity.

“I hope that the prices will increase more this year because of the demand we are seeing from new housing construction projects,” she added.

Sou Na, sales representative of Thai Heng Long Selling Building Materials Co, also claims to have seen housing developers re-enter the market after delaying building projects in 2009.

Firms selling decorating products have also noted market improvement.

Executive director of Cam Paint Manufacturing Co, Soum Sambath, said demand for paint had increased between 25 to 30 percent since January, with daily sales now reaching 3,000 to 4,000 litres daily.

However, Sung Bonna, president and CEO of Bonna Realty Group, warned that while numbers of independent housing projects seems to be on the rise, large scale project development are still struggling to rebound from the crisis which hit the sector hard last year.

The first nine months of 2009 saw steel imports at Sihanoukville Autonomous Port fall 78 percent on the same period of 2008.


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