Heritage Group Acquires Majority Stake in Khmer Green Charcoal to Drive Sustainable Innovation
Cambodia Investment Review
Heritage Group has announced its acquisition of a majority stake in Khmer Green Charcoal Co., Ltd. (KGC), a pioneering Cambodian enterprise known for transforming coconut shells and agricultural waste into sustainable charcoal products. This strategic investment underscores Heritage Group’s commitment to sustainability and innovation, marking a significant milestone in the company’s efforts to support environmentally conscious businesses.
Charcoal production, a long-standing tradition in Cambodian cooking culture, is being revolutionized through KGC’s innovative approach, which focuses on sustainability and environmental preservation. The company, established in 2012, has been recognized for its efforts to reduce deforestation, lower CO2 emissions, and create job opportunities for underprivileged communities. In 2024, KGC received the SME Award at the Khmer Enterprise Awards, highlighting its contribution to Cambodia’s business community.
Heritage Group’s Strategic Investment to Propel KGC’s Growth
Heritage Group’s investment aims to propel KGC into its next phase of growth by enhancing its production capacity and expanding its market presence both locally and internationally. This partnership aligns with Heritage Group’s broader vision of fostering sustainable development while contributing to Cambodia’s economic progress.
Oknha CHAN Sokheang, Chairman of Heritage Group, emphasized the company’s vision in a statement: “At Heritage Group, we believe innovation and sustainability must go hand in hand. Our investment in KGC reflects this commitment, and we are excited to support its growth as a model for responsible business in Cambodia.”
The partnership is expected to deliver several key advancements for KGC, including scaling operations through investment in advanced technologies to meet increasing demand and strengthening its presence in Cambodia while exploring international markets.
Carlo Figà Talamanca, Founder of KGC, shared his optimism about the partnership, stating, “This collaboration marks an exciting new chapter for KGC. Heritage Group’s vision and expertise bring immense value, paving the way for a bright future.”
Pioneering Sustainability in Cambodia’s Business Landscape
Since its founding in 2012, KGC has set benchmarks in sustainable charcoal production, reducing deforestation and creating economic opportunities for underprivileged communities. With support from Heritage Group, KGC is poised to continue its environmental and social impact, solidifying its position as a model for responsible business in Cambodia.
Oknha CHAN Sokheang added, “This investment is more than a business transaction; it’s a commitment to a sustainable future. Together, we will pave the way for a greener and more prosperous Cambodia.”
Heritage Group is a diversified Cambodian business group focused on sustainable and innovative enterprises that contribute to the nation’s economic and environmental progress. Its latest partnership with KGC reinforces this mission while setting a new standard for responsible business practices in Cambodia.
