Chip Mong was established in 1982 and has grown into "one of the largest homegrown conglomerates [in Cambodia]". From the 1980s, as Cambodia recovered from the massive devastation of the
Cambodian 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. From 1990 onwards, Chip Mong began expanding its business by importing cement and consumer goods from neighboring countries. Chip Mong has since become one of the leading local supplier of construction materials and consumer products in the country. In 2008, the Chip Mong group launched into real estate and in 2009, in the beer and beverages by launching
Khmer Brewery. In December 2010, the Chip Mong Group entered the booming construction sector in Cambodia, relying on ties with both Vietnam on one side, and Thailand on the other, by signing a $200 million joint - venture agreement with Siam City Cement Plc. The cement factory was inaugurated by
Prime Minister Hun Sen on February 8, 2018. 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, during which the Chip Mong group along other private investors helped the Cambodian government with major donations. In 2017, Chip Mong invested about $60 million in a plant to produce pig feed, with facilities to raise pigs for the Cambodian market, == Structure ==