THAILAND'S largest conglomerate Siam Cement Co (SCC) said on April 28 it hopes
to profit from a hoped-for construction spree in Cambodia when its first cement
factory opens in Phnom Penh, AFP reports.
The $800,000 plant, with a
production capacity of 40,000 cubic meters, is to be 60 percent owned by Siam
Cement subsidiaries.
The other 40 percent will be held by a group of
Cambodian banks and companies, Siam Cement spokesman Thanit Sirithorn
said.
The plant will run at half capacity when it opens, though Thanit claimed the
demand for cement in Cambodia was expected to rise 15 percent
annually.
Siam Cement is one of Thailand's biggest and most successful
industrial conglomerates, owning companies in the United States.
Siam
Cement's Khmer subsidiary Siam Cement Cambodia Trading Company Limited formally
opened its office in Monivong Boulevard on Christmas Day in December
1992.-AKP
