Thailand
Cambodia: Cement plants produce 7.9 million tons in eleven months
Cambodia’s five cement factories produced 7.9 million tons in the eleven months this year, a slight decrease compared to the amount registered in 2020.
Puth Chandarith, secretary-general of the Cambodian Cement Manufacturing Association, said on Monday that the production of domestic cement during the January-November period was similar to last year due to the number of construction projects being put on hold due to Covid-19 pandemic.
“The production of domestic cement from five factories was similar to last year, but the import of cement decreased 25 percent to 30 percent,” he said.
The production of cement would be scaled up next year once the economic growth is forecast at robust growth, leading to new investment projects including construction projects, Chandarith said.
“Cambodia has fully reopened the country and foreign investors have been seen coming into the country, a positive sign for the investment sector,” he said.
A total of 3,925 construction projects were registered in the first 11 months of this year.
Figures from the Ministry of Economy and Finance issued recently showed that the amount of registered construction projects was $10.35 billion.
Of the total registered construction projects, more than 86 percent are residential construction projects.
The construction projects cover an estimated 12 million square meters and comprise residential projects, integrated residential building projects, multi-functional integrated building projects, industrial building projects, commercial and tourist building projects.
The five cement factories are operated by Chip Mong Insee Cement Corp, Kampot Cement Co Ltd, Cambodia Cement Chakrey Ting Factory Co Ltd, Battambang Conch Cement Co Ltd and Thai Boom Roong Cement Co Ltd.
The factories have a total capital investment of $800 million, employ some 2,700 people and are able to produce eight million tons per year.
They are able to scale up production to 10 million a year, according to the Ministry of Mines and Energy.
The Ministry of Economy and Finance stated in a report that Cambodia’s Economy has been affected by the negative impact of the Covid-19 pandemic, especially the February 20th 2021 Community Incident which has put a lot of pressure on the main sector of Cambodia’s economic growth.
As of September this year, international tourist arrivals, activities in the construction sector, and foreign investment have continued to decline, read the statement.
According to Chandarith, a new cement factory has been proposed in Battambang province. The proposed cement factory is backed by Chinese investors.
Source: https://www.khmertimeskh.com/50996101/cement-plants-produce-7-9-million-tons-in-eleven-months/