South Koreans to invest in corn drier

SOUTH Korean company KOGID Cambodia Co said Sunday it will start building a US$1.2 million corn-drying plant and accommodation for workers in Battambang provinces's Rotanak Mondol district by the end of this year.

KOGID Manager Oung Savuth said the company will begin building as soon as it finishes discussions with the government and receives a licence."We hope that when construction is finished, the machine will be able to dry 500 tonnes of corn a day and will help create jobs for 50 workers," he said.

If the Rotanak Mondol plant proves to be a success, the company will build more, Oung Savuth said, identifying three sites in Battambang and one in Kampong Cham province.

The company in July announced plans to invest $150 million to buy between 70,000 and 150,000 tonnes of red corn from farmers in Battambang, Pailin, Kampong Cham and Kandal provinces to process into animal food for export. Click to read more...