Cambodia is about to launch a $12 million cashew processing factory: Will Vietnam's position as the world's No. 1 be shaken?

Published 2024년 11월 6일

Tridge summary

A Singapore-based company, CSNC, is building the largest cashew processing factory in Cambodia, with an investment of $12 million and a capacity of 40 tons of cashew nuts per day. Scheduled to open in March 2025, the factory will initially export to China. The Cambodian government's national policies and the rapid growth of the cashew industry in the country are expected to contribute to the growth of the cashew nut production industry. The industry's future looks bright, with plans to increase the value of the product by reducing raw cashew exports and focusing on processed cashews. The Vietnam Cashew Association has suggested cooperation with Cambodia and South Laos to secure raw material supply and maintain Vietnam's leading position in cashew production and export.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The factory covers an area of up to 12,000 square meters and is expected to officially operate in March 2025. According to Khmer Times, the largest cashew processing factory in Cambodia by CSNC (a Singapore-based company) with an investment capital of about 12 million USD will be completed in December 2024 and will officially operate in March 2025. The factory covers an area of up to 12,000 square meters and is located in Trapeang Russey commune, Kampong Svay district, Kampong Thom province. The factory has a capacity of up to 40 tons of cashew nuts per day or more than 12,000 tons per year for export. Sharing with Khmer Times, Vice President of the Cambodian Cashew Association (CAC) Suy Kokthean said that the first batch of processed cashew nuts from the factory will be exported to China. Before reaching the retail and consumer markets, the shipment will go to Hainan (China) for packaging. Mr. Suy Kokthean added: “So far, the main market for Cambodia’s large M23 cashew nuts is ...
Source: Vinacas

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.