Tuesday, 9 June 2009

Vietnam-US joint venture to build cement plant in Cambodia


Mon. June 08, 2009

HANOI, Jun 8, 2009 (Asia In Focus via COMTEX) -- PHIE Quote Chart News PowerRating -- A joint venture between the PAUL CHAM CO LTD and the US-based PHI GROUP will invest US$51 million in a cement plant in Cambodia's Stung Treng Province, it was announced on Wednesday. Phnom Penh-based Paul Cham is 51 per cent-owned by the Vietnam-headquartered T&T COMPANY.

* Paul Cham director Nguyen Thi Cham said the feasibility study for the cement project had been completed and that construction of the plant would start in July.

* The cement factory and limestone quarry in Stung Treng Province's Thala Barivath District will turn out its first products early next year, she added.
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