CHIP MONG INSEE CEMENT CELEBRATES ONE YEAR AFTER PLANT INAUGURATION, AND WELL UNDERWAY TOWARDS A SUSTAINABLE FUTUREgiant
Chip Mong Insee Cement Corporation (CMIC), one of Cambodia’s foremost cement manufacturers, today celebrated the completion of its first full operational year since of the inauguration of its cement plant at Touk Meas, in the Banteay Meas District of Kampot Province. The plant was inaugurated on 8th February 2018, just three months after it produced its first batch of cement in November 2017. It is now capable of producing over 5,500 tons of best quality cement daily.
CMIC was established and registered in Cambodia in 2015 and is a joint venture between the Chip Mong Group of Cambodia, and the Siam City Cement Company in Thailand. It has a capitalization of USD 262 million. It produces advanced quality cements for both the retail and industrial market, utilizing high-performance, locally-sourced raw materials with worldclass quality control and assurance standards.
CMIC’s Chief Executive Officer, Mr. Aidan Lynam, says the company, along with its Touk Meas Plant, is well on its way to a sustainable future.
“As a deeply responsible heavy industrial company, CMIC is committed to efficiently and properly managing the utilization of Cambodia’s natural resources and deploying its extensive and talented human capital to realize this goal. We are committed to making a difference for the customers we serve, without sacrificing the interests of future generations. We do this by adopting an active policy of environmental stewardship that is an integral part of our sustainable development orientation. This we do in close collaboration with our stakeholders.”
Mr. Lynam added that this focus goes hand-in-hand with the objective of growth that benefits shareholders, customers and employers, contributing to the economic and social development of Cambodia with close attention to the environment.
“Our company is committed to driving CO2 emissions down by at least 10% by 2022. To achieve this goal, up to 33% of our electrical power will be replaced by power from our waste heat recovery and solar PV systems. Additionally, we are currently working on an innovative product portfolio with highly capable technical services, which leads to greener solutions for our customers. We are also looking into sustainable waste management solutions and working hard to become “net water positive” by 2022.”
Since its inception, CMIC has created over 1,000 direct and indirect jobs, transferring global knowledge to local Cambodians working with the company. It offers a structured certification program for masons twice a year, in collaboration with the National Polytechnic Institute of Cambodia. It also offers a unique “Enterprise-based Vocational Education” program (EVE), which is Swiss curriculum aligned, free of charge to high school graduates in Kampot Province, who would otherwise not be able to afford tertiary education.
The company remains committed to working with local authorities and relevant stakeholders to support local communities through its various CSR activities, including education, infrastructure development, road safety education, health, sanitation, irrigation systems, income generation, waste management and environmental awareness.
CEO, Mr. Aidan Lynam says the company’s ongoing focus is to balance the interdependent economic, social and environmental dimensions of sustainable development, while remaining fully committed to its top priority of safety through visible and responsible leadership.