US$60 Million Invested to Increase Domestic Pig and Feed Supply

Chip Mong Group is investing about US$60 million in a plant to produce pig feed and with facilities to raise and supply pigs for the Cambodian market in order to reduce import of the product.

Located in Dangkor district here in Phnom Penh, the plant will provide jobs for hundreds of Cambodians, said Chip Mong Group CEO Mr. Leang Khun in a press conference earlier this week.

According to Mr. Leang Khun, the company will produce high quality pig feed at a rate of 200,000 metric tons a year.

He added that 70 percent of the production will be used for the Chip Mong farm that will yield nearly 300,000 pigs a year, and the rest sold in the local market.

Chip Mong Group is a sizable conglomerate engaging in diverse interests of businesses in Cambodia ranging from property development, beverage, and manufacturing and distribution of building materials including concrete, cement and steel.

Source: Agency Kampuchea Press