Company Bean Heack Investment Co., Ltd.
Company profile BEAN HEACK INVESTMENT Co., Ltd is a limited liability company, registered in Ministry of Commerce with an initial registered capital of 20 million riels. The company planned to invest US$ 42,200,390.00 in order to pay initial plant growth, civil construction, production facilities purchasing and business operation cost in the first 10 years of rubber cultivation developement covering 4385 hectares of land concessions. The company is headquartered at No. 92, Norodom Blvd., Sangkat Chaktomuk, Khan Daun Penh, Phnom Penh, Kingdom of Cambodia. Contact Number: 097 959 8442.
Registration investment capital KHR 20million USD 42,200,390
Company registration date Not found
Company registration code Not found
Director NGUYEN QUOC KHANH
Director residence Viet Nam
Company address The company is headquartered at No. 92, Norodom Blvd., Sangkat Chaktomuk, Khan Daun Penh, Phnom Penh, Kingdom of Cambodia. Contact Number: 097 959 8442.
Status of the EIA reports Initital Environmental and Social Impact Assessment (IESIA)
State agency Ministry of Environment
Site BEAN HEAK Investment Co., Ltd, granted permission from the royal government of Cambodia for rubber plantation development covering 7,289 hectares of land concession, is located in Beng Per Wildlife Sanctuary, Sakream Commune, Prasat Balangk and Stoung District, Kampong Thom province.
Village Not found
Commune Sakream
District Prasat Balangk and Stoung
Province Kampong Thom
Contract duration 70 years of land concession
Size in Hectare 4,385 hectares (four thousand three hundred eighty-five hectares)
Type of concession The development of agro-industrial plantation (Rubber plantation)
EIA company Green Consultancy Firm (GCF)
Backgrounds of EIA company Not found
Address of EIAs company Not found
Relevants law . Law on Environemntal Protection and Natural Resource management - Law on Forestry -Sub-decree on Environmental Impact Assessment Process - Sub-Decree on Water Pollution Control - Sub-Decree on Solid Waste Management - Sub-Decree on Air Pollution and Noise Disturbance - Sub-Decree on Economic Land Concessions - Law on Land - Law on Labour
Revenues and expenditures According to the economic analysis on investment project area, the company needed 42,200,3600.00 USD in capital for initial plant growth, civil construction, procurement of production facilities and business operation cost. Expenditure projections on this development were 39,402,982 and 7,879,224 USD in the first 10 years (2011-2020) and 20 years, respectively. Analysis of the company's cash flow indicated that the first year of the cash flow determined with a negative cash balance of (-) 4,446,292 USD declining the cash balance until 8th year with (-) 628,541 USD. The company started receiving revenues in 9th year with capital 1,207,608 USD rising up to 7,311,330 USD in 13th year.
Social alnd environmental impacts Forest productivity through the deforestation on land concessions is rehabilitated by rubber growth and formed as agro-industry to expand forest lost due to the past deforestation. With replacing rubber plantations, this growth helps maintain natural environment in the land concessions, contributes rural economic development, inclines income to the dependency farmers, and promotes the processing of rubber tree products and other mixed crops for market demand as well as export to international market.
Employment opportunity BEAN HEAK Investment Co., Ltd estimated on local labours and international expertises including labours of managers, national and international engineers, technicians, production team managers, financial administratiors, permanent workers, and contract workers. In the first year, these labours were going to recruit 866 employees. The labours were expected to pursue recruiting until 1852 employees in the fifth year. Starting from 6th to 9th year was planned to decrease to 1769 employees and remain constant until 15th year.
Public participation Initial Environmental and Social Impact Assessment on rubber plantation proposing on development project had relevant focal person in the following: Provincial Governor of Kampong Thom, Deputy Governor of Kampong Thom, Deputy Director of Kampong Thom, Provincial Department of Land Management, Urban Planning and Construction, Deputy Director of EIA Office, Kampong Thom Provincial Department of Environment, Deputy Director of Kampong Thom Provincial Department of Agriculture, Deputy Director of Kampong Thom Provincial Forestry, Administration Deputy Secretary General of Kampong Thom Provincial Office, Assistant Governor of Kampong Thom District Governor Andong Meas District, a total of 8 GCF(Green Consultancy Firm working groups), and a total of 175 communities living in the project area.
Land converted from BEAN HEAK Investment Co., Ltd was granted permission from Royal Government of Cambodia on delegation of full powers refering to No. 24 dated 04 February 2010 on the authorization of H.E MOK Mareth, Senior Minister of the Ministry of Environment and H.E KEAT Chhon, Deputy Prime Minister and Minister of Economy and Finance to sign simultaneously an agreement on investment project for the development of agro-industrial sector on rubber plantations of a total area of ??4,395 hectares (four thousand three hundred and eighty-five hectares) for 70 years locating at Beng Per Wildlife Sanctuary, Sakream Commune, Prasat Balangk and Stoung District, Kampong Thom province.
Environmental management plan According to level impact of development, this project did not require institutional involvement and environmental oversight with minimal negative impact. Moreover, local environmental coordinator and public sectors involving from Ministry of Environment and the Ministry of Agriculture, Forestry and Fisheries monitored on the investment project. The company itself had a central responsibility for the environmental management of the project based on the environmental management measures setting out in environmental management plan of ESIA report.
Development plan The company had a local development plan offered two programs per one year, namely the implementation of development and proposed plan. The programs hightlighted on the developement paln that the company was going to provide 10 wells (one well for five families), rural roads maintenance and construction in the project area for 1,000 meters length, school building renovation/construction in the company location, healthcare facility of the company in the concession, and construction of irrigation system (social donation) 260,000 USD. Within the proposed development plan of Sakram commune, the company was requested to help build two lines of rural road networks connecting the commune to other villages such as Sakram Cheung village, Veal Thnal village and other villages, evacuate 7 wells, purchase 1 generator and1 motorbike for commune hall, prioritize employment opportunities of the villagers than strangers, and establish healthcare center in every village.
Mitigation strategies Investment project for the development of rubber plantation had been studied and evaluated in accordance with the guidelines of the Ministry of Environment, with an emphasis on physical resources, ecological resources, social resources, occupational health and safety plans, regional and combined impacts with mitigation measures on those issues.
Environmental and social funds The company was going to provide 125,000 USD for social development and 180,000 USD for environmental rehabilitation in six years.
EIA publication year 2010

Reference documents

[Draft] Initial Environmental and Social Impact Assessment (IESIA): An investment project in rubber plant development and processing in Beng Per Wildlife Sanctuary, Sakream Commune, Prasat Balangk and Stoung District, Kampong Thom Province.
The objective of land use, BEAN HEACK Investment Co., Ltd, is to ensure sustainability of rubber plantations.