Chip Mong

Chip Mong was established in 1982 and has grown into "one of the largest homegrown conglomerates [in Cambodia]".{{Cite web |last=Reuy |first=Rann |date=2020-06-14 |title=Chip Mong Group VP Dell talks travel sector |url=https://www.phnompenhpost.com/business/chip-mong-group-vp-dell-talks-travel-sector |access-date=2022-03-11 |website=Phnom Penh Post |language=en}}

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.{{Cite web |date=2019-04-30 |title=ក្រុមហ៊ុន ជីប ម៉ុង រៀបចំកម្មវិធីថ្លែងអំណរគុណដល់តំណាងចែកចាយដែកថែបអ៊ីតាលីម៉ាកវីទូទាំងប្រទេស និងបន្តភាពជាដៃគូជោគជ័យរួមគ្នា |url=https://construction-property.com/km/chip-mong-organises-thank-you-party-nationwide-v-for-steel-distributors/ |access-date=2021-03-23 |website=Construction & Property News |language=km-KH}}

From 1990 onwards, Chip Mong began expanding its business by importing cement and consumer goods from neighboring countries.{{Cite web |date=2018-10-17 |title=Leading Cambodian conglomerate, Chip Mong, selects Symphony RetailAI's solutions to underpin its new business initiative, Chip Mong Retail |url=https://www.symphonyretailai.com/leading-cambodian-conglomerate-chip-mong-selects-symphony-retailais-solutions-to-underpin-its-new-business-initiative-chip-mong-retail/ |access-date=2021-04-13 |website=Symphony RetailAI |language=en-US}} Chip Mong has since become one of the leading local supplier of construction materials{{Cite web |last=tharith |title=ក្រុមហ៊ុន ជីប ម៉ុង អ៊ីនដាស្ទ្រីស៍ មានរោងចក្រផលិត សម្ភារសំណង់ ស្របតាមស្តង់ដារអន្តរជាតិ ISO |url=http://www.freshnewsasia.com/index.php/en/freshnewsplus/169149-2020-08-27-04-19-00.html |access-date=2021-03-23 |website=FRESH NEWS PLUS |language=en-gb}} and consumer products{{Cite web |last=tharith |title=ប្រេងឆា Healthy Chef ជាជម្រើសសុខភាពដ៏ប្រសើរសម្រាប់ ចម្អិន ម្ហូប អាហារ នា ឱកាសចូលឆ្នាំចិន |url=http://m.freshnewsasia.com/index.php/en/freshnewsplus/185347-2021-01-28-11-29-22.html |access-date=2021-03-23 |website=FRESH NEWS |language=en-gb}} 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.{{Cite web |last= |first= |title='Cambodia can' corporate philosophy drives Khmer Beverages success story |url=https://www.phnompenhpost.com/post-focus/cambodia-can-corporate-philosophy-drives-khmer-beverages-success-story |access-date=2022-03-11 |website=Phnom Penh Post |language=en}}

In December 2010, the Chip Mong Group entered the booming construction sector in Cambodia, relying on ties with both Vietnam on one side,{{Cite book |url=https://books.google.com/books?id=McO9gYWT0-UC&q=chipmong+ |title=Vietnam Economic News |date=2011-12-27 |publisher=The Ministry |pages=8 |language=en}} and Thailand on the other, by signing a $200 million joint - venture agreement with Siam City Cement Plc.{{Cite book |url=https://books.google.com/books?id=Q_0XK8yD98gC&dq=chipmong+cambodia&pg=PA78 |title=Minerals Yearbook |date=2009 |publisher=Bureau of Mines |isbn=978-1-4113-3173-0 |pages=7.2 |language=en}} The cement factory was inaugurated by Prime Minister Hun Sen on February 8, 2018.{{Cite web |last=Kimau |first=Met |title=សម្តេចតេជោ ហ៊ុន សែន អញ្ជើញសម្ពោធរោងចក្រផលិតស៊ីម៉ង់ត៍ក្រុមហ៊ុនជីបម៉ុង អ៊ីនស៊ី ស៊ីមេន ខបភើរេសិន (CMIC) |url=https://www.cpp.org.kh/details/56493 |access-date=2022-03-11 |website=គណបក្សប្រជាជនកម្ពុជា-វិមាន៧មករា |language=km}}

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,{{Cite web |last=Reuy |first=Rann |title=Chip Mong Group VP Dell talks travel sector |url=https://www.phnompenhpost.com/business/chip-mong-group-vp-dell-talks-travel-sector |access-date=2022-03-11 |website=Phnom Penh Post |language=en}} during which the Chip Mung group along other private investors helped the Cambodian government with major donations.{{Cite web |last=Kunthear |first=Mom |date=2021-03-11 |title=Donations pour in for gov't fight against Covid-19 |url=https://www.phnompenhpost.com/national/donations-pour-govt-fight-against-covid-19 |access-date=2022-03-11 |website=Phnom Penh Post |language=en}}

In 2017, Chip Mong invested about $60 million in a plant to produce pig feed, with facilities to raise pigs for the Cambodian market, in an effort to "reduce imports and increase products produced by Cambodia".

In 2018, Chip Mong expanded into the financial sector with its newest venture – Chip Mong Commercial Bank Plc.

Chip Mong's growth goes along with the evolution of Cambodia from the past as a primarily agricultural country to the industrialised nation.

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.{{Cite web |last=Lon |first=Zadina |date=2021-03-17 |title=គ្រួសារអ្នកជំនួញមួយនៅកម្ពុជាមានសមាជិក ៣នាក់ទទួលបានងារជា "អ្នកឧកញ៉ា" ក្នុងថ្ងៃតែមួយ |url=https://news.sabay.com.kh/article/1263970 |access-date=2022-03-11 |website=Sabay News}}

Chip Mong is a family-owned business headed by Oknha Leang Khun and Leang Meng{{Cite web |last=Pisei |first=Hin |title=Chip Mong acquires Grand Phnom Penh |url=https://www.phnompenhpost.com/business/chip-mong-acquires-grand-phnom-penh |access-date=2022-03-11 |website=Phnom Penh Post |language=en}} under the leadership of Chairlady Oknha Madam Pheap Heak.{{Cite web |last=Othman |first=Anith Adilah |date=2019-12-08 |title=Khmer Beverages unveils new Cambodia Beer look |url=https://www.khmertimeskh.com/668376/khmer-beverages-unveils-new-cambodia-beer-look/ |access-date=2022-03-11 |website=Khmer Times |language=en-US}}

Chip Mong invests into several child businesses, so-called subsidiaries:

• Chip Mong Trading,
• Chip Mong Industries,{{Cite news |last=Pisei |first=Hin |date=2018-12-10 |title=Chip Mong Open Roof Title Factory |publisher=The Phnom Penh Post |url=https://www.phnompenhpost.com/business/chip-mong-opens-roof-tile-factory}}
• Chip Mong Land,{{Cite web |date=2021-01-23 |title=Park Land 6A Residential Project officially begin sales - Khmer Times |url=https://www.khmertimeskh.com/50806321/park-land-6a-residential-project-officially-begin-sales/ |access-date=2022-02-21 |language=en-US}}
• Khmer Beverages reportedly employing 1,100 staff as of 2019,{{Cite news |date=2019-12-05 |title='Cambodia can' corporate philosophy drives Khmer Beverages success story |publisher=The Phnom Penh Post |url=https://www.phnompenhpost.com/post-focus/cambodia-can-corporate-philosophy-drives-khmer-beverages-success-story}}
• Crown Khmer Beverages Cans Limited,
• Chip Mong Insee Cement Corporation,{{Cite news |last=Khmer |first=Times |title=Chip Mong Unit Signs $262 Deal for Cement Plant |url=https://www.khmertimeskh.com/6712/chip-mong-unit-signs-262-deal-for-cement-plant/#:~:text=A%20unit%20of%20domestic%20conglomerate,slated%20to%20start%20next%20year}}
• Hyatt Regency Phnom Penh,
• Chip Mong Feed,{{Cite news |last=Ajansı |first=Newclick Dijital Reklam |date=2017-04-07 |title=Chip Mong Group builds pig feed plant in Cambodia |publisher=Feed Planet Magazine |url=https://feedplanetmagazine.com/blog/chip-mong-group-builds-pig-feed-plant-in-cambodia-764}}
• Chip Mong Retail,
• Fairfield by Marriott Phnom Penh', the first Fairfield by Marriott hotel in Cambodia, in 2017{{Cite news |date=2017-05-09 |title=Fairfield by Marriott Phnom Penh to Open in Cambodia |work=Marriott International Newscenter (US) |url=https://news.marriott.com/news/2017/05/09/fairfield-by-marriott-phnom-penh-to-open-in-cambodia}}
• Chip Mong Commercial Bank,{{Cite web |last=Kimsay |first=Hor |date=2018-09-14 |title=Chip Mong moves into banking sector |url=https://www.phnompenhpost.com/business/chip-mong-moves-banking-sector |website=The Phnom Penh Post}}
• Grand Phnom Penh City,{{Cite web |last=Pisei |first=Hin |title=Chip Mong acquires Grand Phnom Penh |url=https://www.phnompenhpost.com/business/chip-mong-acquires-grand-phnom-penh |website=The Phnom Penh Post}}
• Grand Royal Golf & Resorts.

{{reflist}}

• {{Cite web |title=Khmer Beverages - official website |url=https://www.khmerbeverages.com/kh/home/ |access-date=2022-02-17 |website=khmer |language=km}}
• {{Cite web |title=Grand Royal Golf - official website |url=https://grandroyalgolf.com/ |access-date=2022-02-17}}

{{Business in Cambodia|state=collapsed}}

Category:Companies established in 1982

Category:Companies of Cambodia