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Cambodia,China : CITIC gets US$262 million contract to construct cement plant in CAMBODIA
Publish Date : 08-Dec-2015
Late last week, China's leading cement equipment manufacturer and service provider CITIC Heavy Industries Company secured an engineering, procurement and construction (EPC) contract from a Cambodian conglomerate for construction of a 262 million-U.S.-dollar cement plant in Cambodia.
Yu Zhangfa, chief executive officer of CITIC Heavy Industries Company, and Leang Meng, chief executive of Chip Mong Group signed the EPC contract as per which CITIC will be responsible to carry out the detailed engineering design of the project, procure all the equipment and materials necessary, and construct a cement plant for Chip Mong Insee Cement Corporation, a subsidiary of the Chip Mong Group.
Aidan Lynam, chief executive officer of Chip Mong Insee Cement Corporation, said, it will be "Cambodia's largest single cement line with the most modern and state-of-the-art equipment and technologies from Germany and China.
He said, "It will be a world-class cement plant which produces top quality products for our company, with emission controls which protect the neighbouring environment with the lowest carbon footprint," adding that the plant to be built in southwestern Kampot province, is estimated to cost US$262 million, in a joint venture with Siam City Cement Public Company Limited of Thailand.
According to Yu Zhangfa, the plant will have capacity to produce 5,000 tons of cement per day.
"CITIC Heavy Industries will follow strictly the standard, technical specifications and requests stipulated in the contract in order to provide the high quality service to this project," he added.
"We are in strict compliance with the owner's requests with regards to project construction standard, equipment arrangement, environmental protection and other aspects," he said.
"We devote our efforts to building this project as a new mark of CITIC Heavy Industries' EPC project in the country along 'the Belt and Road' area."
