Yuanta Reports

Chinese firm announces plan for construction of first cassava processing plan

Hong Kong-based Green Leader Holding Group has announced plans to begin construction on the first of 10 cassava processing plants next month, with a total planned investment of $150mn, according to Agriculture Minister Veng Sokhon. The company signed a memorandum of understanding with government in January, and its first factory is planned to cover 20 hectares in Kratie province’s Snuol district. Commerce Ministry spokesman Long Kemvichet said the company had shared with the ministry initial plans for the first factory, which is set to have the capacity to produce 100,000 tonnes of tapioca a year—a haul that would require 500,000 tonnes of raw cassava. (Source: Phnom Penh Post)

Economy & Industry

16th March 2018

Share

Subscribe for updates