Siam Cement Group's joint-venture cement plant in Cambodia officially started operations yesterday to tap rapid demand growth in Thailand's neighbour.
Kampot Cement (KCC), is a 90:10 joint venture between SCG and the Khaou Chuly Group, Cambodia's leading construction and engineering firm.
The joint venture company was established with investment capital of US$100 million, or 3.2 billion baht, and can produce 900,000 tonnes of Portland cement a year, according to SCG cement president Pramote Techasupatkul.
Output from the Kampot plant mainly served domestic consumption. Demand in Cambodia has grown faster than supply.
''Our additional capacity will lower the country's dependence on imported cement, which will reduce its trade deficit,'' Mr Pramote added.
The company also aims to see its production technology transferred to local operators through its contractor training programme.
SCG hopes to become a leader in Asean with heavy investments in pulp and paper, petrochemicals and cement.
Apart from Kampot, SCG's other investments in Cambodia include Cpac Cambodia, a ready-mix cement business; Cpac concrete products; Cpac Monier roofing tile products; and engine parts and lube oil from Siam Kubota Industry.
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