Vietnam-US joint venture to build cement plant in Cambodia

HANOI, Jun 8, 2009 (Asia In Focus) — A joint venture between the PAUL CHAM CO LTD and the US-based PHI GROUP will invest US$51 million in a cement plant in Cambodia’s Stung Treng Province, it was announced on Wednesday. Phnom Penh-based Paul Cham is 51 per cent-owned by the Vietnam-headquartered T&T COMPANY.

* Paul Cham director Nguyen Thi Cham said the feasibility study for the cement project had been completed and that construction of the plant would start in July.

* The cement factory and limestone quarry in Stung Treng Province’s Thala Barivath District will turn out its first products early next year, she added.

Source: http://ki-media.blogspot.com/2009/06/vietnam-us-joint-venture-to-build.html