Chip Mong Group Co., Ltd, commonly referred to as 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

  1. ^ Chhut, Bunthoeun (2019-07-21). "Chip Mong aims to dominate retail industry". Khmer Times. Retrieved 2022-03-11.
  2. ^ Vireak, Thou (2020-11-26). "Hyatt hotel in capital set for January 2021 launch". Phnom Penh Post. Retrieved 2022-03-11.
  3. ^ a b Sum, Manet (2017-03-13). "Boost for pig feed industry". Khmer Times. Retrieved 2022-03-11.
  4. ^ a b Redd, Dani. "Chip Mong Retail". APAC Outlook Magazine. Retrieved 2022-03-11.
  5. ^ a b Kimsay, Hor (2018-08-14). "Chip Mong moves into banking sector". Phnom Penh Post. Retrieved 2022-03-11.
  6. ^ Reuy, Rann (2020-06-14). "Chip Mong Group VP Dell talks travel sector". Phnom Penh Post. Retrieved 2022-03-11.
  7. ^ "ក្រុមហ៊ុន ជីប ម៉ុង រៀបចំកម្មវិធីថ្លែងអំណរគុណដល់តំណាងចែកចាយដែកថែបអ៊ីតាលីម៉ាកវីទូទាំងប្រទេស និងបន្តភាពជាដៃគូជោគជ័យរួមគ្នា". Construction & Property News (in Khmer). 2019-04-30. Retrieved 2021-03-23.
  8. ^ "Leading Cambodian conglomerate, Chip Mong, selects Symphony RetailAI's solutions to underpin its new business initiative, Chip Mong Retail". Symphony RetailAI. 2018-10-17. Retrieved 2021-04-13.
  9. ^ tharith. "ក្រុមហ៊ុន ជីប ម៉ុង អ៊ីនដាស្ទ្រីស៍ មានរោងចក្រផលិត សម្ភារសំណង់ ស្របតាមស្តង់ដារអន្តរជាតិ ISO". FRESH NEWS PLUS. Retrieved 2021-03-23.
  10. ^ tharith. "ប្រេងឆា Healthy Chef ជាជម្រើសសុខភាពដ៏ប្រសើរសម្រាប់ ចម្អិន ម្ហូប អាហារ នា ឱកាសចូលឆ្នាំចិន". FRESH NEWS. Retrieved 2021-03-23.
  11. ^ "'Cambodia can' corporate philosophy drives Khmer Beverages success story". Phnom Penh Post. Retrieved 2022-03-11.
  12. ^ Vietnam Economic News. The Ministry. 2011-12-27. p. 8.
  13. ^ Minerals Yearbook. Bureau of Mines. 2009. p. 7.2. ISBN 978-1-4113-3173-0.
  14. ^ Kimau, Met. "សម្តេចតេជោ ហ៊ុន សែន អញ្ជើញសម្ពោធរោងចក្រផលិតស៊ីម៉ង់ត៍ក្រុមហ៊ុនជីបម៉ុង អ៊ីនស៊ី ស៊ីមេន ខបភើរេសិន (CMIC)". គណបក្សប្រជាជនកម្ពុជា-វិមាន៧មករា (in Khmer). Retrieved 2022-03-11.
  15. ^ Reuy, Rann. "Chip Mong Group VP Dell talks travel sector". Phnom Penh Post. Retrieved 2022-03-11.
  16. ^ Kunthear, Mom (2021-03-11). "Donations pour in for gov't fight against Covid-19". Phnom Penh Post. Retrieved 2022-03-11.
  17. ^ a b Ajansı, Newclick Dijital Reklam (2017-04-07). "Chip Mong Group builds pig feed plant in Cambodia". Feed Planet Magazine.
  18. ^ a b Pisei, Hin (2018-12-10). "Chip Mong Open Roof Title Factory". The Phnom Penh Post.
  19. ^ Lon, Zadina (2021-03-17). "គ្រួសារអ្នកជំនួញមួយនៅកម្ពុជាមានសមាជិក ៣នាក់ទទួលបានងារជា "អ្នកឧកញ៉ា" ក្នុងថ្ងៃតែមួយ". Sabay News. Retrieved 2022-03-11.
  20. ^ Pisei, Hin. "Chip Mong acquires Grand Phnom Penh". Phnom Penh Post. Retrieved 2022-03-11.
  21. ^ Othman, Anith Adilah (2019-12-08). "Khmer Beverages unveils new Cambodia Beer look". Khmer Times. Retrieved 2022-03-11.
  22. ^ "Park Land 6A Residential Project officially begin sales - Khmer Times". 2021-01-23. Retrieved 2022-02-21.
  23. ^ "'Cambodia can' corporate philosophy drives Khmer Beverages success story". The Phnom Penh Post. 2019-12-05.
  24. ^ Khmer, Times. "Chip Mong Unit Signs $262 Deal for Cement Plant".
  25. ^ "Fairfield by Marriott Phnom Penh to Open in Cambodia". Marriott International Newscenter (US). 2017-05-09.
  26. ^ Kimsay, Hor (2018-09-14). "Chip Mong moves into banking sector". The Phnom Penh Post.
  27. ^ Pisei, Hin. "Chip Mong acquires Grand Phnom Penh". The Phnom Penh Post.
Allikas: https://en.wikipedia.org/wiki/Chip_Mong
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