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

MOST VIEWED

Purging Sihanoukville’s past with a new masterplan
Amid illicit activities, haphazard development and abandoned projects, the coastal city of Sihanouk province needs a reset to move forward. A new masterplan might be the answer to shake off its seemingly mucky image to become the Shenzhen of the south Gun toting, shootouts, police
Chinese may be first in tourism revival: PM
Cambodia's tourism industry is gearing up to roll out the red carpet for Chinese travellers after Prime Minister Hun Sen on September 17 indicated that the Kingdom could soon throw open its doors to international holidaymakers vaccinated against Covid-19 – starting with guests from China. Cambodia Chinese
Four-pillar approach in reopening of tourism: PM
Cambodia is drawing up a four-strategy approach to promptly restore domestic and international tourism activity and put the industry on a transition pathway to a sustainable and inclusive model that is resistant to future crises, according to Prime Minister Hun Sen. The prime minister made
Airline says ready for green light to reopen international tourism
Sky Angkor Airline Co Ltd on September 21 said it is ready to transport South Korean and Chinese tourists to the Kingdom once the Cambodian government makes good on plans to reopen its borders to vaccinated travellers. The Siem Reap-based airline made the remark during a
Tourism concerns laid bare
To ensure the success of plans to reopen the tourism market for international visitors, Cambodia must pay utmost attention to two primary determinants – the ongoing paradigm shift in domestic tourism services towards the ‘new normal’, and the factors influencing choices of destinations among foreign holidaymakers.
Cambodian bride ‘badly treated, held captive’ by Chinese man seeks help
A Cambodian woman who travelled to China to marry a Chinese man there was “badly treated” by her husband’s family and then had to be rescued and will be returned to Cambodia to ensure her safety. The rescue operation came about after the 25-year-old