China’s US$20 Million Investment in Luxurious Wood Plantation in Cambodia

China has invested US$20 million to plant a kind of luxurious wood called Thnong for their heartwood on a total 500 hectares of land plot in Pursat province.

The information was shared by a senior representative of Harmony Shield International Group in Cambodia in the official launch of the firm here in Phnom Penh yesterday.

For the first stage, he said, the company will plant the Thnong trees on about 200 hectares of land surface and then expand it to the size mentioned.

According to the representative, Harmony Shield International Group currently has subsidiary companies in eleven countries globally.

Phnom Penh Deputy Governor Mr. Nuon Pharath who co-chaired the firm's inauguration welcomed its presence in Cambodia.

This does not only reflects the trust of investors in Cambodia's political, economic and social situation, but the enhanced cooperation in all sectors between Cambodia and China, he underlined.

Source: Agency Kampuchea Press