Английская Википедия:Chip Mong

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Шаблон:Short description Шаблон:Infobox company

Chip Mong is a Cambodian conglomerate that provides services in consumer goods, construction materials,[1] property development, beer and beverages production, cement, hotel and hospitality,[2] feed,[3] retail[4] and banking.[5]

History

Chip Mong was established in 1982 and has grown into "one of the largest homegrown conglomerates [in Cambodia]".[6]

From the 1980s, as Cambodia recovered from the massive devastation of the Khmer civil war and the atrocities of the Khmers Rouges regime, Madam Pheap Heak started a small business to buy and sell construction scrap metal, before in 1997 setting up a company called Chip Mong to import fine steel from abroad to supply to Cambodia's construction sector.[7]

From 1990 onwards, Chip Mong began expanding its business by importing cement and consumer goods from neighboring countries.[8] Chip Mong has since become one of the leading local supplier of construction materials[9] and consumer products[10] in the country.

In 2008, the Chip Mong group launched into real estate and in 2009, in the beer and beverages by launching Khmer Breweries.[11]

In December 2010, the Chip Mong Group entered the booming construction sector in Cambodia, relying on ties with both Vietnam on one side,[12] and Thailand on the other, by signing a $200 million joint - venture agreement with Siam City Cement Plc.[13] The cement factory was inaugurated by Prime Minister Hun Sen on February 8, 2018.[14]

Chip Mong recently entered the sector of tourism and hospitality by renovating and expanding a luxury hotel in Daun Penh together with the American multinational hospitality company Hyatt in 2016, finally opening in 2020 amid the COVID-19 pandemic,[15] during which the Chip Mung group along other private investors helped the Cambodian government with major donations.[16]

In 2017, Chip Mong invested about $60 million in a plant to produce pig feed, with facilities to raise pigs for the Cambodian market,[3] in an effort to "reduce imports and increase products produced by Cambodia".[17]

In 2018, Chip Mong expanded into the financial sector with its newest venture – Chip Mong Commercial Bank Plc.[5]

Chip Mong's growth goes along with the evolution of Cambodia from the past as a primarily agricultural country to the industrialised nation.[18]

In March 2021, the three major players of the Chip Mong group were all elevated to the rank of Oknha on the same occasion by a royal decree issued by His Majesty King Norodom Sihamoni.[19]

Structure

Chip Mong is a family-owned business headed by Oknha Leang Khun and Leang Meng[20] under the leadership of Chairlady Oknha Madam Pheap Heak.[21]

Chip Mong invests into several child businesses, so-called subsidiaries:

  • Chip Mong Trading,
  • Chip Mong Industries,[18]
  • Chip Mong Land,[22]
  • Khmer Beverages reportedly employing 1,100 staff as of 2019,[23]
    • Crown Khmer Beverages Cans Limited,
  • Chip Mong Insee Cement Corporation,[24]
  • Hyatt Regency Phnom Penh,
  • Chip Mong Feed,[17]
  • Chip Mong Retail,[4]
  • Fairfield by Marriott Phnom Penh', the first Fairfield by Marriott hotel in Cambodia, in 2017[25]
  • Chip Mong Commercial Bank,[26]
  • Grand Phnom Penh City,[27]
  • Grand Royal Golf & Resorts.

References

Шаблон:Reflist

External links

Шаблон:Business in Cambodia