Logo of Phnom Penh Post newspaper Phnom Penh Post - Siam Cement plant to cash in on boom



Siam Cement plant to cash in on boom

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

  • Phnom Penh placed in two-week lockdown

    The government has decided to place Phnom Penh in lockdown for two weeks, effective April 14 midnight through April 28, as Cambodia continues to grapple with the ongoing community outbreak of Covid-19, which has seen no sign of subsiding. According to a directive signed by Prime Minister

  • Cambodia on the verge of national tragedy, WHO warns

    The World Health Organisation (WHO) in Cambodia warned that the country had reached another critical point amid a sudden, huge surge in community transmission cases and deaths. “We stand on the brink of a national tragedy because of Covid-19. Despite our best efforts, we are

  • Hun Sen: Stay where you are, or else

    Prime Minister Hun Sen warned that the two-week lockdown of Phnom Penh and adjacent Kandal provincial town Takmao could be extended if people are not cooperative by staying home. “Now let me make this clear: stay in your home, village, and district and remain where

  • Businesses in capital told to get travel permit amid lockdown through One Window Service

    The Phnom Penh Municipal Administration has issued guidelines on how to get travel permission for priority groups during the lockdown of Phnom Penh, directing private institutions to apply through the municipality's One Window Service and limit their staff to a mere two per cent. In

  • Ministry names types of business permitted amid lockdown

    The Ministry of Labour and Vocational Training singled out 11 types of business that are permitted to operate during the lockdown of Phnom Penh and Takmao town, which run through April 28. Those include (1) food-processing enterprises and slaughterhouses; (2) providers of public services such as firefighting, utility and

  • Culture ministry: Take Tuol Sleng photos down, or else

    The Ministry of Culture and Fine Arts has told Irish photographer Matt Loughrey to take down the photos of Khmer Rouge victims at Tuol Sleng Genocidal Museum which he allegedly colourised and altered to show them smiling. The ministry said Loughrey's work is unacceptable, affecting