Cambodian Chip Mong Group has invested about 60 million dollars in a plant to produce pig feed, with facilities to raise pigs for the Cambodian 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. Its Chip Mong Feed Company aims to reduce imports from foreign countries and provide jobs for hundreds of Cambodians. Group CEO Leang Khun said the company will produce high quality pig feed at a rate of 200,000 metric tons a year. Khun said 70 percent of production will be used for the Chip Mong farm and the rest sold on the local market. He added that the Chip Mong farm will yield nearly 300,000 pigs a year.
“The establishment of Chip Mong Feed will provide many benefits to the Cambodian economy by providing jobs directly and indirectly for thousands of people and also help reduce imports and increase products produced by Cambodia,” Khun said.