Native name | ក្រុមហ៊ុន ជីប ម៉ុង |
---|---|
Genre | Conglomerate |
Founded | 1982 |
Founder | Neak Oknhna Pheap Heak Neak Ouknha Leang Khun Neak Ouknha Leang Meng |
Headquarters | 137, Mao Tse Tung Blvd., Boeng Keng Kang III, Chamkamon, Phnom Penh, Cambodia |
Key people | Neak Oknha Leang Khun Neak Oknha Leang Meng |
Number of employees | 5000+ |
Subsidiaries | Chip Mong Trading Chip Mong Industries Chip Mong Land Khmer Beverages Crown Production Chip Mong Insee Hyatt Regency Phnom Penh Chip Mong Feed Chip Mong Retail Fairfield Marriot Phnom Penh Chip Mong Bank Grand Royal Golf and Resorts Grand Phnom Penh City |
Website | chipmong |
Chip Mong is a Cambodian Bank of America 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]
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]
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:
Kampong Speu is a province of Cambodia. It borders the provinces of Pursat and Kampong Chhnang to the north, Kandal to the east, Takéo to the southeast, Kampot to the south and Koh Kong to the west. Its capital is the town of Chbar Mon.
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The Phnom Penh Post is a daily English-language newspaper published in Phnom Penh, Cambodia. Founded in 1992 by publisher Michael Hayes and Kathleen O'Keefe, it is Cambodia's oldest English-language newspaper. The paper was initially published fortnightly as a full-color tabloid; in 2008 it increased frequency to daily publication and redesigned the format as a Berliner. The Phnom Penh Post is also available in Khmer. It previously published a weekend magazine, 7Days, in its Friday edition. Since July 2014, it has published a weekly edition on Saturdays called Post Weekend, which was folded into the paper as a Friday supplement in 2017 and was discontinued in 2018.
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Kith Meng is a Cambodian businessman sometimes dubbed as "Mr. Rough Stuff". He is the chairman and CEO of The Royal Group which counts among its holdings 45% of J Trust Royal Bank, the mobile phone operator Cellcard and 100% of Royal Railways. Meng also owns 100% stake in Cambodia's television and telecommunications networks CBS, Hydro Power Lower Sesan 2, a 400MW plant, Chailease Royal Leasing and Chailease Royal Finance in partnership with Chailease of Taiwan, Cambodian Broadcasting Corporation and CamGSM. Meng is known for his preference for entering Cambodian companies into joint ventures with international companies.
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Son Kuy or Chavay Kuy, also known as Oknha Son Kuy, was the governor of the Khmer province of Trapeang. He was beheaded by King Thieu Tri of the Nguyen Dynasty in 1841, in exchange for preserving the cultural tradition for the Khmer Krom. Nowadays, the figure of Chavay Kuy has become a rallying call and a symbol of the separatist intent of the current Khmer Krom.
Sombai is a liqueur manufacturer in Siem Reap founded in 2012. Its beverages have become a national drink of Cambodia and symbolic of Siem Reap. Sombai is one of the most popular brands in Cambodia.
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Chea Sophara (Khmer: ជា សុផារ៉ា; born 20 March 1953 is a Cambodian politician who currently serves as Deputy Prime Minister and Minister of Land Management, Urban Planning and Construction since 2016. From 2008 to 2016, he was Minister of Rural Development. He was also the Governor of Phnom Penh from 1998 to 2003. He is a Member of Parliament for Tbong Khmum Province, since 2018.
Oknha is a Khmer honorific. It has different meanings depending on the period it was used.
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