Chinese companies invested $ 20 million to build cassava starch processing factory in Kratie province

ផែនទី​ខេត្ត​ក្រចេះ។

Hong Kong-based Chinese company Green Leader Holdings Group invested to build a factory for cassava starch and ethanol fertilizer in Kratie province For $ 20 million.

The plant will be constructed on a special economic zone of Snoul district of Kratie on 20 hectares of land. The factory has the capacity to process more than 130,000 tons of cassava powder per year and up to 2 million tons in five years.

The Chinese company plans to build 20 cassava processing factories in five years, according to Xinhua news agency on April 1. Ahead.

According to the Ministry of Agriculture, Forestry and Fisheries, Cambodia has a total of 67,502 hectares of cassava plantation (675,000), which provided cassava production. 14.8 million tons in 2017. According to the International Center for Tropical Agriculture (CIAT), Cambodia is currently the largest producer of cassava Eighth in the world and fourth in the region.
Regarding Chinese companies investing in Cambodia, Cambodia hosted a 2018 China-ASEAN Expo, a three-day event from today. March 30 to April 1 at the Diamond Island Convention and Exhibition Center. The exhibit has a total of 440 booths and 290 large companies, including more than 250 Chinese companies, all of which are construction companies. Machinery, agricultural machinery, electronics companies, and real estate investment companies.
The latest data from the Ministry of Commerce show that in 2017 China is the number one destination in Cambodia, investing in size. Up to $ 14 billion (14.3 billion), or 27% of total foreign investment. Bilateral trade between China and Cambodia in 2017 was nearly $ 6 billion (US $ 5,790 million), an increase Up 21.7 percent from 2016.