Phnom Penh, October 28, 2010 AKP --
A local rice company of Cambodian and a Malaysian company have agreed to make a joint venture for rice export from Cambodia to Malaysia.
Scham Rice Cambodia, a Cambodian private enterprise and Bernas, a Malaysian company on October 26 signed here a joint investment to export rice from Cambodia to Malaysia.
Thanks to the fresh constructed major rice mill in Suong city, Kompong Cham province, the joint companies are expected to export rice to Malaysia from 2011, Mr. Duong Kim Lay, deputy director of Scham Rice Cambodia said.
For the first step, Bernas will invest USD 8 millions and it will increase another USD 500 millions in the next five-year period to grow rice in Kompong Thom province, he said.--AKP
(By KHAN Sophirom)