Monday, June 21, 2010

Cambodian building materials plant opens

CAMBODIA — A US$5 million construction materials plant has opened in Cambodia's Sihanoukville Province with Viet Nam as an investor.

The plant is financed by Vinacomin Reththy, a joint venture between the Viet Nam National Coal and Mineral Industries Group, Au Viet Industry Joint Stock Co and Cambodian group Mong Reththy.

The plant will provide 80 million products in the first phase using modern brick-making technology which has little impact on environment.

At the plant's opening last Friday, Cambodian Deputy Prime Minister Kiet Chun said the project would help foster economic development and job creation in the area.

Deputy Minister of Industry and Trade Le Duong Quang applauded the effort to put the plant into operation ahead of schedule.

Quang, who is also Vinacomin's board chairman, said the project was a sign of growing investment ties between the two countries.

Viet Nam is Cambodia's biggest source of foreign investment at $900 million. — VNS

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