MARKET DEVELOPMENT
Cambodian PM Inaugurates 2nd Palm Oil Plant
Cambodian PM Inaugurates 2nd Palm Oil Plant
30/04/2015 (Xinhua) - Cambodian Prime Minister Hun Sen on Wednesday inaugurated a 20 million U.S. dollars palm oil factory in southwest Cambodia's Preah Sihanouk province.
It was the kingdom's second palm oil plant that was jointly invested by Cambodia's Mong Reththy Group and Thai Charoen Corporation Group.
Hun Sen said the factory was a new achievement in the development of agro-industrial sector.
"The launching of the factory will contribute to developing the economy and reducing poverty through job creation in rural areas," he said.
Mong Reththy, president of the Mong Reththy Group, said the new plant is capable to process 45 tons of fresh oil palm fruit per hour, while the old factory, launched since 2002, is able to process only 30 tons per hour.
"We are the Southeast Asia's fourth largest palm oil producer," he said, adding that since 2002 to 2014, the company had exported 131,310 tons of crude palm oil to Malaysia, Vietnam, Thailand, India, China, South Korea, and Europe.
It was the kingdom's second palm oil plant that was jointly invested by Cambodia's Mong Reththy Group and Thai Charoen Corporation Group.
Hun Sen said the factory was a new achievement in the development of agro-industrial sector.
"The launching of the factory will contribute to developing the economy and reducing poverty through job creation in rural areas," he said.
Mong Reththy, president of the Mong Reththy Group, said the new plant is capable to process 45 tons of fresh oil palm fruit per hour, while the old factory, launched since 2002, is able to process only 30 tons per hour.
"We are the Southeast Asia's fourth largest palm oil producer," he said, adding that since 2002 to 2014, the company had exported 131,310 tons of crude palm oil to Malaysia, Vietnam, Thailand, India, China, South Korea, and Europe.