Siam Cement Plc of Thailand is considering investing $150 million in neighboring
countries, most of it in a cement plant in Cambodia, where its Phnom Penh operations
were severely damaged during the anti-Thai riots in January 2003.
President Pramote Techasupatkul says the company wants to expand into Cambodia because
it has a high cement consumption.
However, political stability would be a key determiner for the decision, he said.
Most of the cement used in Cambodia today is imported from Thailand and Indonesia.
The company was unable to identify a location for the plant, the number of jobs created,
or when a decision would be made.