By K8 on Unsplash
Invest in developing food processing chains in Cambodia to increase local value-addition, and reduce export of raw materials. Some priority agro-products include rice, cashew-nuts, fruits (dried fruits or puree for fruit juices like mangoes), spices and fish.
Santana Agro Product, founded in 2017, is a cashew processing company. They source raw products from their own plantations or through contract farming, which is subsequently, processed in their factory with a capacity of upto nearly 15,000 tones a year. The products are exported to Japan, Korea, and China.
Kirirom Food Production, founded in 2014, is the leading fruit manufacturer in Cambodia, specialising in dried mangoes. They source raw mangoes from their own production and through contract farming, which are subsequently processed in their own factory at a capacity of 3,000 tones a year. Their products are exported to 12 countries.
Kodo Feed Mill (Cambodia) Co., Ltd. (KFM), founded in 2007, manufactures animal feed. It reports revenue of ~USD 12.7 mn annually and recruits ~100 workers. Since 2015, KFM operates as a subsidiary of CJ Global Holdings Ltd. which acquired 100% stake in the Company from Dongaone Co.,Ltd. for ~USD 5 mn. (12)
Charoen Pokphand Cambodia Co Ltd (CPC), founded in 1978, engages in animal feed production, farming, and distribution, apart from production of food products for consumption. In 2015, CPF Investment Limited (CPF) acquired 75% stake (0.01 mn shares) in CPC from Orient Success International Limited for ~USD 88.17 mn. Since CPF holds 100% stake in CPC, CPC operates as subsidiary of CPF. (13)
CJ Cambodia Co., Ltd. (CJC), founded in 1999, is a manufacturer of Tapioca (a starchy ingredient used in cooking to thicken soups and sweeten the flavor of baked goods). In 2014, MH Ethanol Co., Ltd. sold 80% of its stake (1.89 mn shares and ~0.47 mn preferred shares; currently holds 20% stake) in CJC for ~USD 12 mn. (14)
Processing of food products to address nutrition needs; improve income of agricultural workers with increased export of processed food products