Local Partner Named in US$47m Thai Venture

Cambodian-Thai joint-venture project Crystal Rice Company would invest US$47million in a rice-milling plant in Kampot province, although the application process had not yet been completed, provincial and company official said yesterday. Thailand’s second-largest rice exporter, Asia Golden Rice, and Cambodia’s Keo Maly Import-Export Group will invest in the company. The plant is expected to have a one-million-tonne rice milling capacity. Kampot governor Khoy Khun Hour told the Post CRC’s investment had been encouraged by the Cambodian government because of its job-creation potential. “Such a big investment will help to create jobs and strengthen the price of paddy for our farmers,” he said.
[The Phnom Penh Post]