Logo of Phnom Penh Post newspaper Phnom Penh Post - South Koreans to invest in corn drier

South Koreans to invest in corn drier

South Koreans to invest in corn drier

SOUTH Korean company KOGID Cambodia Co said Sunday it will start building a US$1.2 million corn-drying plant and accommodation for workers in Battambang provinces's Rotanak Mondol district by the end of this year.

KOGID Manager Oung Savuth said the company will begin building as soon as it finishes discussions with the government and receives a licence.
"We hope that when construction is finished, the machine will be able to dry 500 tonnes of corn a day and will help create jobs for 50 workers," he said.

If the Rotanak Mondol plant proves to be a success, the company will build more, Oung Savuth said, identifying three sites in Battambang and one in Kampong Cham province.

The company in July announced plans to invest $150 million to buy between 70,000 and 150,000 tonnes of red corn from farmers in Battambang, Pailin, Kampong Cham and Kandal provinces to process into animal food for export.

Battambang Chamber of Commerce Chairman Phou Puy said farmers currently sell corn at depressed prices, as they can't dry it sufficiently to meet quality standards at market.

Ten corn-drying plants have already been built in Battambang, Pailin and Banteay Meanchey provinces, all on Cambodia's border with Thailand, Phou Puy said.

Cheam Chan Sophorn, director of Battambang province's agriculture department, said the drying facilities could encourage farmers to grow more corn than last year.

Ministry of Agriculture figures show that 92,732 hectares of corn were planted in Battambang province in 2008, yielding 423,966 tonnes of corn, the highest in the country.

MOST VIEWED

  • US think tank warns of China's 'ulterior motives'

    A US think tank on Tuesday warned that spreading Chinese investment in the Indo-Pacific follows a pattern of leveraging geopolitical influence at the expense of the nations receiving investment, including Cambodia. The report looks at a sample of 15 Chinese port development projects, noting that the

  • More than three tonnes of ivory reportedly bound for Cambodia seized in Mozambique

    A total of 3.5 tonnes of ivory reportedly bound for Cambodia was seized by authorities in Mozambique late last week, according to the NGO Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). CITES' information was based on a report from the

  • Defence Ministry denies weapons in smuggling case came from Cambodia

    After a Thai national was arrested last week for allegedly smuggling guns from Cambodia to Thailand, Cambodia's Defence Ministry has claimed the weapons seized during the arrest are not used in Cambodia, despite the fact that both types of rifle seized are commonly found in

  • Shipwreck found off coast of Koh Kong

    Royal Cambodian Navy researchers are working to identify a decades-old shipwreck found earlier this month off the coast of Koh Kong province. Divers found the 70-metre-long wreck on April 4 about a mile from Koh Chhlam island, according to Navy officials. Deputy Navy Commander Tea Sokha,