GreenLeader, a Chinese agro-industrial company, will build a big cassava processing factory in a north-eastern province of Cambodia in April, according to the Ministry of Commerce's news release.
The factory will be constructed in Kratie province with the processing capacity of some 100,000 tons of cassava flour a year, said Mr. Michael Tse, CEO of GreenLeader, while paying a courtesy call on H.E. Pan Sorasak, Cambodian Minister of Commerce, at the ministry office in Phnom Penh on Monday.
To reach the above-said processing capacity, the plant needs at least 500,000 tons of cassava as raw material, therefore the company will work with farmers in different provinces under the contract farming mechanism by giving them techniques, seeds and other necessary resources.
Within two years, he added, the company is planning to set up five factories and the second plant will be built in the north-western part of Cambodia.
For his part, H.E. Pan Sorasak expressed welcome to this investment project, stressing that it will contribute to increasing local people's income, reducing migration and boosting national economic growth.
H.E. Minister asked GreenLeader to consider working in partnership with local company for knowledge and technological transfer and affirmed the Ministry of Commerce's readiness to facilitate the company's business in Cambodia.
Source: Agency Kampuchea Press