A joint venture named 7FTD between Vietnam, Belgium and Cambodia, inaugurated a factory producing concrete products to meet demand in Cambodia on March 1.
The joint venture was established between Vietnam’s Thu Duc Centrifugal Concrete Joint Stock Company, Belgian firm Flanders Concrete Corporation and Cambodia’s 7N.G company.
The 7FTD factory, covering an area of six hectares, is located at Viheasuor commune, in the Khsach Kandal district of Kandal province, 35 kilometres to the northeast of Phnom Penh city.
The US$6 million joint venture will focus on manufacturing concrete poles for electric cables, spun concrete piles, sewer pipes and precast concrete construction.
7FTD will be operated with modern technology with an annual turnover of US$8 million, said Chairman of the Management Council of the Thu Duc company Ha Ngoc Lan, adding that it was expected to generate 200 jobs.