Thai Cement Giant to Invest $300M in Cambodia

Thailand’s largest cement producer, Siam Cement Group (SCG), plans to invest up to $300 million to increase its production capacity in Cambodia over the next five years in a bid to take advantage of booming domestic demand, a company official said Monday.

Sery Wathana, government and public relations manager at Kampot Cement, a subsidiary of SCG, said the majority of the investment would go toward a third production line at the Kampot Cement factory in Kampot province.

The boost would allow the plant to produce 7,500 tons of cement per day by 2019, he added.

“We would like to increase our potential [production] and supply due to increasing market demand, and we expect the construction sector to grow more if there is continuing political stability,” Mr. Wathana said.

Cheam Sophalmakara, a spokesman for the Ministry of Land Management, Urban Planning and Construction, said 915 construction projects worth a total of $808 million were approved in the first six months of the year.

“Activity in the construction sector is increasing, especially small projects,” he said, adding that he did not have figures for last year on hand.

[email protected]bodiadaily.com

© 2015, All rights reserved.