Phnom Penh, Cambodia (Jun. 10, 2010) — Golden Rice (Cambodia) Co., Ltd. (“Golden Rice”) inaugurated today its rice milling factory in the presence of H.E. Deputy Prime Minister Sok An, H.E. Mrs. Anne-Marie Idrac, Secretary of State in charge of External Trade, Government of France, high officials of the Royal Government of Cambodia, industry leaders, and local communities.

Golden Rice, a Cambodian-run company, has been fully operational since early 2009, and exported its first batch of white rice in August last year.

Equipped with the latest technology, the rice milling factory has the capacity to process 100,000 tons of paddy rice on average per year. Its rice products range from Premium Jasmine rice, to fragrant rice and regular white rice, with quality comparing to other luxury rice, suitable for exports to demanding markets, such as the European Union.

“With rice exports to EU, the world can recognize Cambodian rice. Golden Rice’s high-quality rice products improves the reputation of Cambodia and can contribute to Cambodia’s economy,” said Mrs. Anne-Marie Idrac in her keynote speech.

“We have stringent procedures to control the quality of our products. Our laboratory tests samples of rice at every stage of the production process, and we ensure that the Aflatoxin rate is kept in check and the breakage rate as low as possible,” said Chan Vuthy, General Manager of Golden Rice.

Golden Rice (Cambodia) relies on the inner quality of local rice varieties and its high-technology equipment to become a leading exporter of Cambodian rice.

“Cambodia has huge potential in paddy products, and can be a major export country in the world,” said Mr. Sok An, adding that the flow of informal exports of paddy to neighboring countries was mainly due to the high cost of local processing. With Golden Rice (Cambodia) now fully operational, Cambodia is a step closer to solving that problem.

 

About Golden Rice (Cambodia) Co., Ltd

Golden Rice (Cambodia) is a Cambodian-run rice milling company that specializes in exporting high quality rice. Golden Rice (Cambodia) Co., Ltd is equipped with the latest in modern facilities, including drying machines, silos, processing plants and an automatic packing system. Golden Rice started milling operations in early 2009 as a private limited company. (http://www.goldenricecambodia.com)

Oudong District, Kampong Speu Province, Cambodia (Sep. 6, 2010) — Mr. Justin Yifu Lin, Chief Economist and Senior Vice President at the World Bank, visited Golden Rice (Cambodia) factory today with the World Bank Cambodia’s team, including Mr. Qimiao Fan, Country Manager and Stéphane Guimbert, Senior Country Economist. The visiting delegation also included H.E. Mr. Hang Chuon Naron, Secretary of State, Ministry of Economy and Finance.

On an official three-day visit in Cambodia, from Sep. 6 to Sep. 8, Mr. Lin spent his first afternoon at Golden Rice (Cambodia) factory, where he was greeted by Golden Rice (Cambodia) president, Mr. Sok Hach. The visiting delegation watched a short film about the company and rice processing, before engaging in a discussion about Cambodia’s rice industry. Mr. Sok explained the process of selecting and purchasing paddy, as well as the key strengths of Golden Rice (Cambodia) in producing high-quality rice.

Mr. Lin learnt about the factory’s quality control through a demonstration in Golden Rice (Cambodia) laboratory and could witness first-hand the process of rice milling at the production plant.

Mr. Sok also led the visiting delegation to the husk-power generator plant, where he explained how rice husks—usually considered a waste—were used to power boilers and produce steam, generating electricity for the compound.

At the end of the visit, Mr. Sok presented Mr. Lin with a gift, a delicately engraved silver plate representing Golden Rice (Cambodia) factory.