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Building foundations of city’s construction boom


geovalin

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The property boom that is transforming the skyline of Cambodia’s cities has been largely built on imported steel, glass and cement.

But as more buildings rise, some investors are seeing cost efficiencies in setting up local production lines to supply the Kingdom’s $3 billion construction sector.

Responding to a gap in the market, CH Steel Wire Industries, a Malaysia-based firm, established a factory in Phnom Penh Special Economic Zone (PPSEZ) in February to produce steel wire mesh for the domestic market.

“We decided to set up a steel wire mesh plant in Cambodia because we see the potential growth in Cambodia,” said Nicholas Lim Kean Hoong, executive director of CH Steel Wire Industries (Cambodia) Co Ltd.

read more: http://www.phnompenhpost.com/business/building-foundations-citys-construction-boom

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