Local media Phnom Penh Post reported that Chinese owned Hong De Sheng (Cambodia) Steel Co Ltd has announced that its USD 16.7 million steelworks in Kampong Speu province’s north-eastern Oudong district will start operations this month. Company’s electrical department has completed installation of the power supply for the plant and is currently in the final commissioning stage. After a year of construction, the factory will be online before year’s end and capable of churning out 500,000 tonnes of different kinds of steel products per annum in its first phase.
Hong De Seng (Cambodia) Steel Co Ltd was established in 2019. There are also two plants at the moment using recycled metal scraps to make finished steel in Cambodia. The company mainly produces various specifications of straight and coiled reinforcing bar and wire rod, and it aims to serve the Cambodian construction market with superior quality products and support services.