China firm eyes Takeo for giant agro project

Jan 18th at 08:21
18-01-2017 08:21:19+07:00

China firm eyes Takeo for giant agro project

A Chinese company has unveiled a plan to establish rice production on 4,000 hectares of leased farmland in Takeo province, local media reported yesterday.

The company said it would consider building a large rice mill on the land to process up to 100,000 tonnes of rice a year for export to China. It also unveiled a conceptual plan for a $100-million feed mill.

Nhim Sron, a provincial agriculture official, told the Post yesterday that the Chinese company was part of a business delegation from Xiangyang city in central China’s Hubei province that rolled into Takeo province over the weekend to suss out opportunities for cooperation and investment.

During their visit, the delegates signed a memorandum of understanding with the local governor aimed at strengthening cooperation between Takeo province and Xiangyang city, Sron said. They also explored various business opportunities in the province.

Last August, an agreement signed between representatives of Takeo province and Xingyang City established a sister province-city relationship.

phnompenh post



NEWS SAME CATEGORY

Kingdom on the agenda

Prime Minister Hun Sen attended a dinner with Swiss company executives in Zurich on Monday, where he invited investors to join the upcoming ASEAN World Economic...

Legal void stalling e-commerce: study

Cambodia is on the verge of a rapid expansion in e-commerce – provided the government and private sector take adequate measures to support and promote online...

JC Int’l Airlines set to receive first plane soon

Cambodian-registered JC International Airlines will soon take delivery of its first aircraft, one of two Airbus A320s acquired from Air Berlin, aviation websites...

Abandoned Cambodian plane to be auctioned

The Vietnamese government has officially acquired full ownership of an aircraft abandoned at Hanoi’s international airport by a Cambodian airline a decade ago and...

Kingdom failing to keep up

Cambodia is not keeping up with the global pace of innovation and business competitiveness across world as the country continues to suffer from low skills levels...

Solid year to carry forward: NBC

The National Bank of Cambodia (NBC) released its review of 2016 and outlook for 2017 this week, highlighting the continued large growth of the banking sector while...

Economy resilient to global headwinds: World Bank

Despite global uncertainty related to political shifts in the West and a continued Chinese economic slowdown, Cambodia showed strong growth prospects for the next...

Tuk-tuk makers feel slowdown

When Chheang Vanna established his remorque assembly workshop in 2006, his main concern was meeting his customers’ deadlines to supply the metal-and-wood carriages...

New border facilities to enhance trade, tourism with Laos

Cambodia and Laos officially inaugurated a newly expanded border crossing yesterday that is expected to increase trade and tourism between the two countries...

Decline in transfers linked to rice prices

International fund transfers to Cambodia through Acleda Bank, which claims to handle a quarter of all inbound fund transfers to the country, decreased slightly last...


MOST READ


Back To Top