20 June 2014
Cambodia’s
Soma Group and Thailand’s C.P. Intertrade Co., Ltd. reached here this morning a
joint-venture agreement to build a rice milling and refining factory in the
Cambodian province of Kampong Speu.
Director
General of Soma Group signed the US$50 million agreement with Vice Chairman of
C.P. Intertrade Co., Ltd. With the
capacity of processing some 300,000 tons of rice annually, the factory would
begin producing high quality rice from the first trimester of 2015. For Thai
part, said his company will bring new techniques to Cambodia for rice milling
and refining for export to foreign markets in 100 countries around the world.
Cambodia
is committed to exporting at least one million tons of milled by 2015. Last
year, the country exported nearly 400,000 tons of milled rice to international
markets, up 84 % over 2012
Source:
http://www.akp.gov.kh/?p=46826
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