Green Leader Holdings Group Limited, a Hong Kong-based investment holding firm, announced construction of its first cassava-processing factory in Cambodia will begin in April.
The announcement was made during a meeting this week with Minister of Commerce Pan Sorasak.
During the meeting, Michael Tse, Green Leader’s CEO, said the plant will be built in Kratie province. It will be able to produce 100,000 tonnes a year of cassava starch.
“The company will use contract farming schemes with farmers, providing them with the necessary seeds and resources,” he said.
The Hong Kong-based investment holding firm signed a memorandum of understanding in January with the Ministry of Agriculture, agreeing to invest in local cassava plantations and set up 20 plants to process cassava starch for export.
