First Oil Palm in Cambodia
It is the first company and the time ever that oil palm have been
commercially planted in Cambodia, by Mong
Reththy Investment Cambodia Oil Palm Company Co., Ltd. it is the first time ever
in Cambodia that the land is suitable for this crop. Germinated seeds have
been imported from two will-known countries: Malaysia and Costa Rica. The
company export has concluded that germinated seeds from Costa Rica are more
suitable to the soil conditions in Cambodia. It can resist diseases and drought,
and the climate of the two countries follows similar patterns. However,
The export has decided to plant approximately 200-300 hectares of Malaysia's
germinated seeds, for research and record purposes only: to evaluate which of
the seeds produces more bunches. The greatest year of all was 2002 when
the Company finally put its CPO mill on operation after 10 months of
construction and installation.
MRICOP was established 5 years after the founding of its parent company - MRIEC (Now known as MRT Group)
Oil Palm Plantation, The New Phenomenal
Challenge for Mong Reththy Group
In the wake of government policies on Agro-industrialization, Cambodia, in
the eyes of foreign investors is being seen as a country of great opportunities
due to its abundant fertile land and competitive labor force. These two main
factors will definitely enhance the production yields and therefore profits of
the company. It is the first time in Cambodia's history that together with
the full support and cooperation of our Korean partner that palm oil has been
commercially cultivated by Mong Reththy Investment Cambodia Oil Palm Co., Ltd.
It will of course attract the enormous incentives granted by the Royal
Government of Cambodia. Back in 1994, Oknha Mong Reththy initiated the
project on 11,000 hectares of land in Prey Nop District, Sihanoukville.
Oknha Mong Reththy firmly hopes to see the development and boosting of the
Cambodian economy through the sales of it's crude palm oils on the international
market. Between 1996-1997, out of 11,00 ha of land in Prey Nop district,
Sihanoukville, the company started felling, clearing and preparing the land with
completion of its first phase of field planting of 457 ha of high planting
materials. A future 1,040 ha in 1998, 1,620 ha in 1999, 470 ha in 2000, 80 ha in
2001, 51 ha in 2002, 59 ha in 2003, 320 ha in 2004 and 400 ha up to 2nd
Khmeng Wat Construction Co., LTD.