Wednesday, May 14, 2025
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home ASIA Cambodia

New steel processing plant in Cambodia starts to produce steel products for Cambodia market

January 5, 2021
in Business, Cambodia, National
0
New steel processing plant in Cambodia starts to produce steel products for Cambodia market
0
SHARES
75
VIEWS
Share on FacebookShare on Twitter

A steel-processing plant using recycled steel and scrap metal in Oudong district, Kampong Speu province, has begun operations and is now ready to produce domestic steel products to supply construction industry demand.

Named Hong De Sheng (Cambodia), the plant is a $17 million investment. It is able to produce 500,000 tonnes a year at full capacity.

Speaking at the opening ceremony yesterday, Lin Xiangrong, chairman of Hong De Sheng (Cambodia), said that in the first phase of production, the plant will collect steel, recycled steel and other scrap metal to produce finished steel products.

The plant is also planning to import metals to produce finished products, Xiangrong said.

“The investment and opening ceremony of the steel-processing plant of Hong De Sheng (Cambodia) will contribute to the supply of steel in the construction sector in Cambodia.”

He also recalled support from the government and relevant parties to the plant, which employs 250 local workers.

Um Sotha, spokesman at the Ministry of Industry, Science, Technology and Innovation, said he could not speak to the number of plants producing steel-related products. but that the opening of the steel-processing plant is good for the construction sector.

“We are focusing on infrastructure development and the encouragement of investment in steel-processing plants in reply to the demand for local steel-consumption.  That has been growing year-on-year during this period of  rapid development in the infrastructure and construction sectors,” he said yesterday.

Despite facing the COVID-19 pandemic, construction sites are performing normally both in Phnom Penh and in the provinces, Sotha said.

According to Yos Monirath, director-general of mines at the Ministry of Mines and Energy, currently there are two other steel production plants using scrap metal for recycling into finished steel.

He said the ministry has issued exploration licences for metal mines, but so far production from those mines has not broken ground in the production of supply for domestic steel demand.

Figures from the General Department of Customs and Excise show that Cambodia imported 720,000 tonnes of steel costing $477 million in 2019.

This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.

Tags: CambodiaCambodia marketKampong SpeuPhnom Penhplant in Cambodiasteel processing plant in Cambodiasteel products for Cambodia
Previous Post

British judge rejects extradition of ‘suicide risk’ Julian Assange to US

Next Post

Dairy alternatives making a big market move in Cambodia

Related Posts

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

by Khmer Times
July 3, 2023
0
92

Neak Poan Temple is one of the most attractive tourist destinations among the ancient temples, which is located along the...

Cambodian pepper gains direct export rights to China

Cambodian pepper gains direct export rights to China

by Khmer Times
July 3, 2023
0
75

The Chinese Embassy in Cambodia announced today that Cambodian pepper has completed all export procedures to China, which means can...

Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

by AsiaOne
June 14, 2023
0
100

One of South Korea's top livestreamers was recently found dead in Cambodia. Byeon Ah-young's body was discovered — wrapped in a...

Most Popular

$2 million electric motorbike assembly plant in Cambodia by Verywords Co Ltd launched

$2 million electric motorbike assembly plant in Cambodia by Verywords Co Ltd launched

May 30, 2023
48
EZECOM first to collaborate with AWS to provide leading Cloud service for Cambodia

EZECOM first to collaborate with AWS to provide leading Cloud service for Cambodia

March 15, 2022
43
Ford Cambodia, operated by RMA Cambodia, brings vehicles and technical training

Ford Cambodia, operated by RMA Cambodia, brings vehicles and technical training

September 1, 2020
56
Tire factory in Cambodia’s Sihanoukville Special Economic Zone officially launched

Tire factory in Cambodia’s Sihanoukville Special Economic Zone officially launched

May 23, 2023
95
Innovation key to Cambodia’s garment industry growth

Innovation key to Cambodia’s garment industry growth

December 3, 2021
16
Oriental Bank Plc, new commercial bank in Cambodia, to enter market ventured by G Capital Bhd, Public Bank Bhd, E S Packaging

Oriental Bank Plc, new commercial bank in Cambodia, to enter market ventured by G Capital Bhd, Public Bank Bhd, E S Packaging

December 12, 2020
3.6k

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!