Siam Cement plant to cash in on boom

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

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