Logo of Phnom Penh Post newspaper Phnom Penh Post - Malaysian company to invest in bamboo sector

Malaysian company to invest in bamboo sector

Content image - Phnom Penh Post
Lipp Engineering Sdn Bhd plans to build a bamboo processing plant in the Kingdom. Photo supplied

Malaysian company to invest in bamboo sector

Malaysia-based Lipp Engineering Sdn Bhd has announced plans to build a bamboo processing plant in the Kingdom to ship bio-oil and bamboo fibre abroad.

The company has asked the government to grant it a land concession for 25,000 hectares where it will grow the tree and build the factory, the company’s CEO said at a press conference on Thursday.

Thureign, Lipp Engineering’s chairman and CEO of investment and trade, said the company plans to invest $750 million in the project.

It intends to build a bamboo processing plant based on German technology to produce and export four products: bio-activated carbon, bamboo pulp, bio-oil, and bamboo fibre.

“We will set up a bamboo processing plant to export to international markets. The investment could start as soon as 2020,” he said.

The project will provide jobs for 50,000 Cambodians and contribute to the country’s economic development, Thureign said.

“As part of this project, we also want to build hospitals, schools and daycare facilities. We will pay for workers’ electricity and water costs and we will give them insurance,” he said.

It will take four years before the bamboo can be harvested, Thureign said, adding that the company expects to earn about $5 billion in the first five years.

Lipp Engineering is also considering other investments here, including raising goats for export.

“We chose Cambodia as an investment destination because, as a developing nation, there is a lot of available land. Also, it has a favorable climate for growing bamboo,” he said.

Minister of Agriculture, Forestry and Fisheries Veng Sakhon welcomed Lipp Engineering’s plans during a meeting with the company on Wednesday at the ministry.

“This project will contribute to the economic development of Cambodia by increasing people’s income,” he said.

He said the climate makes Cambodia a good place for growing bamboo.

“This project will help attract investment to bamboo production and will contribute to the development of the community by creating jobs and building human capital,” Sakhon said.

“The ministry will cooperate with the company to ensure its plans materialise,” he said.

Cambodia has passed a bill approving the establishment of a national office for the International Network for Bamboo and Rattan (Inbar). The Kingdom is expected to become a member of the network soon.

Headquartered in Beijing, Inbar is an intergovernmental organisation established in 1997. It has 45 members, including all Asean countries, except Cambodia, Brunei, Laos and Singapore.


  • Municipal hall releases map detailing colour coded Covid risks by commune

    Phnom Penh municipal governor Khuong Sreng released an official map detailing the red, yellow and dark yellow zones within the city under the new lockdown orders for Phnom Penh announced on April 26. The designation of red, dark yellow and yellow corresponds to areas with high,

  • Inter-provincial travel ban lifted; Phnom Penh and Takmao not exempted

    The government on April 25 decided to lift the inter-provincial travel ban and the closure of tourist attractions across the country, effectively immediately. The travel ban and closures of all resorts were imposed on April 6 and 17 respectively in a bid to curb the spread of Covid-19,

  • Phnom Penh unveils rules for post-lockdown transition

    The Phnom Penh Municipal Administration issued a set of detailed guidelines for the seven days to May 12 after the capital emerges from lockdown at the onset of May 6. In the 14-page document signed by municipal governor Khuong Sreng released on the evening of May 5, the

  • Phnom Penh, Takmao lockdown extended for another week

    The government late on April 26 announced an extension of lockdown in Phnom Penh and adjacent Takmao town in Kandal province for another seven days – or longer if residents do not comply with Covid-19 preventive measures and the community outbreak does not subside – until May 5. According

  • Gov't mulls extension of Phnom Penh, Takmao lockdown

    The Inter-ministerial National Commission for the Control and Enforcement of Lockdown held a video conference meeting on April 25 to review a draft document on the extension of lockdown in Phnom Penh and adjacent Kandal province’s Takmao town. The meeting was chaired by Minister of

  • Gov’t issues guidelines as lockdown nears end

    The government has issued a five-page set of instructions to be enforced when the three-week lockdown of Phnom Penh and adjacent Takmao town in Kandal province ends on May 6. According to an announcement signed by Prime Minister Hun Sen on May 4, the instructions cover a