Cement News tagged under: Hongshi-Shivam Cement Private Ltd
Foundation stone laid for second Chinese cement plant in Nepal06 March 2019, Published under Cement NewsHuaxin Cement plant, a Chinese-Nepali joint venture, at Benighat Rorang Rural Municipality in Dhading, Nepal laid the foundation stone for its new plant on 1 March 2019. Nepal's Speaker of House of Representatives, Krishna Bahadur Mahara (1st R), and Vice President of China's Huaxin Cement, Xu Gang (2nd R), attend the foundation stone-laying ceremony. This is the second plant for the Chinese-Nepali joint venture in the domestic cement industry after Hongshi-Shivam Cement, formally began... |
Nepal to be self-sufficient in cement production in 201902 November 2018, Published under Cement NewsThe Cement Manufacturers' Association of Nepal claims that, while the import of clinker has increased due to high production demands, it expects the country to be self-reliant on clinker production from next year. According to Dhurba Thapa, president of Cement Manufacturers' Association Nepal, cement factories in Nepal are now producing 8.5Mta of cement. Currently, there are 53 cement factories operating in the country that annually produce 160m sacks of cement. Mr Thapa also said the two n... |
Nepal's banks loan US$140.5m to Hongshi Shivam Cement04 September 2018, Published under Cement NewsHongshi Shivam Cement of Nepal has been supported by a consortium of five of Nepal's commercial banks who have approved credit of US$140.48m to the 6000tpd Nepal-China joint venture. The joint venture required the loan to conclude financial closure of the new cement plant that begun trial production earlier this year. The banks involved include NMB Bank, Nepal Investment Bank, Prabhu Bank, Everest Bank and Nepal SBI Bank. The project has already received approval to inject foreign direct i... |
Hongshi-Shivam Cement begins operations21 May 2018, Published under Cement NewsHongshi-Shivam Cement Pvt Ltd started trial cement production in Nepal last Friday. Satish Kumar More, a director of the company, told Chinese news agency Xinhua that commercial production would start after completing trial production for a week. A ceremony was held at the project sitein southwestern Nawalparasi district on Friday . Once in full operation, the Nepal-China joint venture will be largest cement factory to date in Nepal, with production capacity of 6000tpd. China's H... |
Hongshi Shivam Pvt Ltd employs local Nepalis for plant development19 December 2017, Published under Cement NewsThe development of the Hongshi Shivam Cement Pvt Ltd plant in Nepal has provided employment to more than 1000 Nepalis directly or indirectly, according to My Republica. The plant workers earn a minimum of NPR20,000 (US$194) per month and the company has spent NPR128m on the salary of local workers so far. A portion of the employees are currently building a resettlement site for 26 families displaced by the project’s mine. "This project will uplift socio-economic condition of locals of... |
Nepal-China JV due to start operations in 201802 August 2017, Published under Cement NewsHongshi-Shivam Cement Private Ltd, a Nepal-China joint venture company, is aiming to start cement production in March 2018, according to a senior company official. Shiva Ratna Sharada, director of the joint venture company, told Xinhua News that construction work on the 6000tpd plant is in full swing. The factory is being constructed at Nepal's southwestern district of Nawalparasi and its mine site is located in neighbouring Palpa district. The new volumes will primarily serve the domes... |
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