Siam City Cement could double Cambodian output
Thailand’s Siam City Cement said on Wednesday it was looking at building a new plant in neighbouring Cambodia that could double its capacity there to 2Mt or more.
Managing Director Philippe Arto said at a signing ceremony for a feasibility study to be conducted with Chip Mong Group, a local construction materials distributor, that it could add new capacity of between 1Mta and 1.5Mta.
Chip Mong’s president, Leang Meng, told reporters that the investment would be worth US$200m.
"We want to run this plant at full capacity, so whatever the local market can’t absorb for now, we will export. And then, over time, the local market will continue to grow and this plant could be fully dedicated to the domestic market, maybe in 15 years," Arto said.
Source: Reuters
Published under Cement News
