New fertiliser venture aims to satisfy growing demand
Fertiliser manufacturer Nangoku Agriculture Development, a Japanese-Cambodian joint venture, launched operations on November 21 with the aim of supplying locally manufactured fertilisers to Cambodian farmers at affordable prices. Cambodia’s Bayon Heritage Holding Group Co Ltd holds a 60-percent stake in the $2.2-million joint venture with partner Japanese feed and fertiliser producer Nangoku Kosan Co Ltd. Chan Sokheang, CEO of Bayon Heritage Holding, said on November 21 that the company has built a fertiliser plant on three hectares of land next to National Road 4 in Kandal province. The factory will produce up to 30,000 tonnes of organic fertiliser during its first year of operation, and has the potential for further expansion. He said Bayon has imported fertiliser from Nangoku Kosan for re-packaging and distribution in the local Cambodian market since 2007. The decision to invest in a local production facility came after observing the steadily growing demand for fertiliser in the market, where a 50-kilo bag fetches a relatively high $25 on average.
