Cement News tagged under: Nepal
Nepal: planned entry of foreign cement giants21 June 2016, Published under Cement NewsThe proposed entry of foreign cement manufacturers into the Nepalese market has set off an expansion drive amongst domestic producers. Dangote Cement of Nigeria, Reliance Cement of India and Hongshi and Huaxin of China have all been given necessary approvals to begin operations in Nepal. The combined FDI for these companies amounts to US$1.45bn and the total proposed output stands at 22,000tpd. This increase in capacity by foreign companies has created unrest among domestic manufacturers.... |
Nepal: Arghakhanchi Cement organises construction training01 June 2016, Published under Cement NewsArghakhanchi Cement has organised training seminars on building materials and earthquake-resilient construction for workers in Kathmandu, Republic reports. The company also provided free health services to participating construction workers. |
Nepal's cement producers seek self-sufficiency31 May 2016, Published under Cement NewsCement producers in Nepal have asked the government to formulate an improved policy so that the country can achieve self-sufficiency and boost exports. They have requested assistance in extracting and transporting raw materials as well as in the uninterrupted supply of power. Rajesh Agrawal, managing director of Arghakhanchi Cement, said they could produce cement in sufficient quantities to meet domestic demand and export to India if they received government support. "There is high dema... |
Nepal approves Chinese US$140m cement plant21 December 2015, Published under Cement NewsNepal has endorsed a foreign direct investment (FDI) proposal by China’s Huaxin Cement Co to establish a cement plant in Nepal. The US$140m cement works project is in partnership with Narayan Cement Co. In July, the country also approved a US$360m FDI proposal by China’s Hongshi Holdings Ltd to build a domestic cement works in partnership with Nepal’s Shivam Cement. |
Dangote Cement signs fresh deal with Sinoma27 August 2015, Published under Cement NewsDangote Cement yesterday signed contracts worth about about US$4.34bn with Chinese firm Sinoma International to build factories across Africa and one in Asia. Cement facilities will be built in Nigeria, Ethiopia, Kenya, Zambia, Senegal, Niger, Mali, Cameroon, Ivory Coast, Ghana as well as in Nepal. The latest developments will boost capacity to more than 70Mta and Dangote is targeting further gains to about 100Mta of potential output by 2020, Aliko Dangote said in a speech in Lagos. |
Nepal: IBN approves Chinese investment in cement plant29 July 2015, Published under Cement NewsInvestment Board Nepal (IBN) has approved a foreign direct investment (FDI) proposal worth NPR36bn (US$352m) made by Hongshi Holding Group of China. Hongshi Holding Group's proposal to invest in the establishment of a new cement factory in Nepal in partnership with Shivam Cement (P) Ltd was approved at the board meeting held by IBN and chaired by Prime Minister Sushil Koirala on Tuesday. Shivam Cement had signed an agreement in March with Hongshi Holding to set up a cement plant in Nepal... |
Dangote29 June 2015, Published under Cement NewsTrial production has got underway at Dangote’s new 2.5Mta integrated cement plant in Ethiopia. Following kiln ignition in April, the US$480m plant has now been connected to the electricity grid and stockpiles of limestone are in place. According to local sources, 1.2m packaging bags have arrived from Egypt and 23 transportation trucks have also been delivered to the port of Djibouti. The plant is located in the West Shewa Zone, 85km from the capital Addis Ababa. As part of its ongoing exp... |
Dangote Cement planning Asian market entry18 June 2015, Published under Cement NewsDangote Cement is reportedly planning to enter the Asian cement market with the construction of a cement plant in Nepal. Quoting Aliko Dangote, Bloomberg reported that Dangote Cement Plc should complete a factory in Nepal by the end of 2017. It has received 90 per cent of the regulatory approvals needed to start construction in the south Asian nation hit by two earthquakes this year, he said. The company is expected to invest US$400m to build the cement plant with a capacity of as much as ... |
Hetauda reports accumulated loss of US$6.42m at end-201425 March 2015, Published under Cement NewsNepal-based Hetauda Cement Industries Ltd (HCIL) reported an accumulated loss of US$6.42m at the end of its 2014 financial year. "We faced a loss of US$692,829 in 2011-12 and US$95,251 in 2012-13. Our annual loss increased to US$6.42m in 2013-14," said Ramesh Shiwakoti, chief accountant of the state-owned company. Although a HCIL spokesperson said that the company's loss can be partly attributed to its high wages, the workers said that the plants is making a loss due to lack of transpar... |
Joint-venture agreement signed for new Nepalese plant18 March 2015, Published under Cement NewsChina’s Hongshi Holdings Group on Tuesday signed a joint-venture (JV) agreement with Shivam Holdings Nepal to set up a NPR30bn (US$297m) cement factory. Hongshi Holdings will invest NPR21bn (70 per cent) in the project while the Nepali partner will inject NPR9bn. The JV will be named Hongshi-Shivam Cement Private Limited. An agreement to this effect was signed by Vishwonath Goel, chairman of Shivam Holdings, and Xu Youyuan, executive vice-president of Hongshi Holdings, in Kathmandu on ... |