06-06-2009
HCM CITY — A joint venture between Paul Cham Co Ltd and 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 Viet Nam-headquartered T&T Company.
Paul Cham director Nguyen Thi Cham said the feasibility study for the cement project had been completed and 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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