Logo of Phnom Penh Post newspaper Phnom Penh Post - Demand builds for construction material

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.

MOST VIEWED

  • Government hits back at threats to pull EBA, suspend UN seat

    The spokesman for the ruling Cambodian People’s Party (CPP) has said the government is in no way concerned after the European Parliament gave it three months to reverse what it called the “systematic repression of the political opposition”. Ignoring the ultimatum could mean facing

  • Chinese influx pushing locals, Westerners out of Preah Sihanouk

    Some within the Kingdom’s tourism industry have speculated that the recent influx of Chinese visitors may hinder domestic tourism as the price of accommodations in the coastal city of Sihanoukville continues to rise. Preah Sihanouk province, which has become a hotbed for Chinese investment

  • Sar Kheng: Sokha requested security

    Interior Minister Sar Kheng on Sunday revealed the story behind the transfer of former opposition party leader Kem Sokha from Trapaing Phlong prison in Tbong Khmum province to his house in the capital. Speaking at the ruling Cambodian People’s Party (CPP) headquarters in Prey

  • ‘Dire consequences’ from sanctions, warns AmCham

    American businesspeople in Cambodia have warned that any sanction against the Kingdom would have “dire consequences” that could push Cambodia even further into the arms of China. In a letter to US senators and representatives dated Monday, the American Chamber of Commerce Cambodia (AmCham) said