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Written by Nguon Sovan

Friday, 19 September 2008

$200m investment hoped to decrease Cambodia's reliance on expensive imported construction materials, as building boom continues to create demand

KAMPOT Cement plans to invest US$200 million into production in order to triple its output by the end of next year as a local construction boom continues to push demand for cement, according to one of the firm's top officials.

Khaou Phallaboth, president of the firm's Cambodian minority stakeholder, told the Post that Kampot Cement would increase its current production from one million tonnes to three million tonnes by the end of 2009 on predictions that total domestic demand will rise over the next five years from three million to seven million tonnes, as heavy foreign investment fuels a surge in construction.