Cambodian PM inaugurates rubber processing plant in far northern province

Cambodian Prime Minister Hun Sen on Wednesday inaugurated a rubber processing plant here, saying the factory would contribute to developing the country’s fast-growing rubber sector. The 7 million U.S. dollar plant, invested by Cambodia’s Sopheak Nika Investment Agro-Industry Company, was built on the area of 9 hectares in Sesan district of Stung Treng province, about 455 kilometers from Phnom Penh, the capital of Cambodia, according the company’s report. … The report said the company received economic concessional land of 10,000 hectares from the government in March 2005 in order to grow rubber trees, and to date, the firm has invested 19 million U. S. dollars for rubber plantation. … As of last year, the government had granted about 1.2 million hectares of economic concession land to companies for rubber plantation, the premier said, adding that so far, the country has planted rubber trees on the area of 280,350 hectares, and about 55, 000 hectares of them are old enough to be yielded.