Logo of Phnom Penh Post newspaper Phnom Penh Post - Feasibility study finished for planned Kampong Speu cement plant

Feasibility study finished for planned Kampong Speu cement plant

Content image - Phnom Penh Post
The Kingdom imported $40 million worth of cement in January-October 2021, down by 33 per cent from $59 million in 2020. Hin Pisei

Feasibility study finished for planned Kampong Speu cement plant

CONCH KT Cement (Phnom Penh) Co Ltd has completed a feasibility study on a more than $250 million Chinese-invested cement factory planned for northwestern Kampong Speu province, and is now working on the necessary legal procedures to break ground, according to the provincial governor.

The factory will be located in Monorom village, Horng Samnam commune in the southeastern corner of Kampong Speu’s Oral district. Conch KT Cement is a joint venture between China’s Conch International Holding (HK) Ltd and local firm Battambang KT Cement Co Ltd.

The joint venture currently manages another cement factory in Battambang province’s Ratanak Mondol district that started up on May 31, 2018. The plant has pumped out nearly two million tonnes of cement each year.

Provincial governor Vei Samnang told The Post on March 23 that, having completed a review of the mineral resource potential of the land, the company is now working with stakeholders to study how to deal with possible impacts, and prepare a masterplan.

He affirmed that the Kampong Speu Provincial Administration had yet to receive a tentative start date for the construction.

“The company is currently completing the legal procedures of the ministries and institutions, and the relevant legal standards. The firm has not built anything yet, save for clearing roads to access resources,” the provincial governor said.

Samnang went on to say that Kampong Speu attracts many investors from all over, due to a peaceful environment, political stability, a high level of security, “favourable geographical factors”, a diverse labour force, and a high degree of connectivity to other localities offered by national roads and other major thoroughfares.

The investment has led to poverty reduction and improvements in the people’s living standards, promoted social development, and brought a bevy of other benefits to the province, as well as stimulated national economic growth, he said.

Cambodia Constructors Association general manager Chiv Sivpheng said the new cement plant would greatly benefit the national economy, such as by creating jobs, reducing imports and possibly leading to exports in the future.

He said that economic development and growth of the construction industry will prompt higher demand for cement, especially when the Covid-19 pandemic is fully under control.

“Establishing a local factory will not only lower the price of cement, but it will also help improve the quality of the cement,” he said, contending that more local plants would instil confidence among prospective investors to enter the Cambodian market. He also pointed out that raw materials are widely available in the Kingdom.

Samnang had told The Post last year that the Kampong Speu cement plant would have an annual production capacity of nearly two million tonnes.

The Ministry of Commerce reported that in the first 10 months of 2021, Cambodia imported $40 million worth of cement, down by 33 per cent from $59 million in 2020.

To date, there are five cement factories operating in Cambodia – Chip Mong Insee Cement Corp, Kampot Cement Co Ltd, Cambodia Cement Chakrey Ting Factory Co Ltd, Battambang Conch Cement Co Ltd, Thai Boom Roong Cement Co Ltd – involving capital investments totalling more than $2 billion.

MOST VIEWED

  • Second Hungary business forum set for H2

    Cambodia has asked Hungary to provide GSP- (Generalised System of Preferences) Plus facilities for when the Kingdom sheds its least-developed country (LDC) label, as the two countries prepare to hold a second business forum in the second half (H2) of this year to expand trade

  • Capital-Poipet express rail project making headway

    The preliminary results of a feasibility study to upgrade the Phnom Penh-Poipet railway into Cambodia’s first express railway indicate that the project would cost more than $4 billion and would take around four years to complete. The study was carried out by China Road and

  • Thai boxers to join SEA Games’ Kun Khmer event

    The Cambodian SEA Games Organising Committee (CAMSOC) – together with the Kun Khmer International Federation (KKIF) and Khmer Boxing Federation – have achieved a “great success” by including Kun Khmer in the upcoming biennial multi-sports event on its home soil for the first time, said a senior

  • Bullets to bracelets: Siem Reap man makes waste from war wearable

    Jewellery is often made from valuable gemstones like emeralds or diamonds and precious metals like gold or silver, or valueless things like animal horns. But a man in Siem Reap has approached the manufacture of delicate pieces from a different angle. His unique form of

  • 61% of 2022 imports came from just 3 markets

    The three largest exporters to Cambodia – mainland China, Vietnam and Thailand – accounted for 60.94 per cent of the Kingdom’s total merchandise imports last year, at $18.245 billion, which was up 11.99 per cent over 2021, according to the General Department of Customs and Excise. Cambodia’s total imports

  • CPP sets out five primary strategic goals for 2023-28

    The Cambodian People’s Party (CPP) on January 29 concluded its two-day extraordinary congress, setting the party’s priority goals for 2023-2028. The ruling party’s congress was attended by more than 3,000 members from across the Kingdom, including the members of the permanent and central committees,