Cement News tagged under: Nepal
Hetauda Cement to resume production in February19 January 2024, Published under Cement NewsFollowing closure for three months due to a coal shortage, Nepal-based Hetauda Cement Industries Ltd is expected to resume production at its plant in Makanwanpur in the first week of February, according to República. Hetauda Cement Industry's General Manager, Basanta Raj Pandey,said that the plant management has requested the Office of the Prime Minister, the Council of Ministers and the Ministry of Industry, Commerce and Supplies to provide subsidies to help start production. Navee... |
Sarbottam Cement issues IPOs in Nepali first24 November 2023, Published under Cement NewsSarbottam Cement has become the first Nepali company to float its initial public offerings (IPOs) at the book building price. According to myRepublica, the cement producer has opened its IPOs for institutional investors with a deadline of 26 November 2023, imposing a cut-off price of NPR401/unit (US$3.00/unit) and a ceiling price of NPR601.50/unit. The Securities Board of Nepal (Sebon) has given its approval for Sarbottam to float 12.9033 per cent of its issued capital of NPR4.65bn. Of ... |
Nepal exports of US$2m of clinker and cement in 1MFY23-2425 August 2023, Published under Cement NewsNepal exported cement and clinker with a total value of NPR234.98m (US$1.78m) in the first month of the current fiscal year, FY23-24. The country exported 9573t of cement with a value of NPR70.5m and 25,742t of clinker with a value of NPR164.4m in the 1MFY23-24. Cement and clinker exports have increased significantly since last year due to the government introducing an eight per cent cash subsidy on the export of cement and steel, according to cement producers. It also waives 2-15 per ce... |
TARA and Swiss government sign LC3 agreement in Nepal21 August 2023, Published under Cement NewsTechnology and Action for Rural Advancement (TARA) signed an agreement on 17 August 2023 with the Swiss Federal Department of Foreign Affairs acting through the Embassy of Switzerland in Nepal for Limestone Calcined Clay Cement (LC3) feasibility studies in Nepal. TARA was represented by Dr Soumen Maity, chief technology officer and Dr Debojyoti Basuroy, senior manager and business lead. The Embassy of Switzerland in Nepal was led by Matthias Meier, head of cooperation and Antonia Elena Fluck... |
Cement exports from Nepal pick up26 July 2023, Published under Cement NewsNepal exported cement representing a value of NPR779.3m (US$5.9m) in the FY22-23, supported by the government’s provision of a cash subsidy on cement exports. The country’s government provided up to eight per cent cash subsidy in addition to 2-15 per cent subsidy on electricity costs. Three domestic cement producers – Palpa Cement Industries Pvt Ltd , Arghakhachi Cement Ltd and Balaji Cement Industries – exported more than 1.04Mt of cement to India in the FY22-23, including 607,073t ... |
Bangladesh cement export revenue jumps 43% YoY05 July 2023, Published under Cement NewsBangladesh has reported 42.7 per cent YoY growth in cement export revenue to US$13.66m in FY22-23 (July 2022-June 2023). This compares to US$9.57m in the same period a year earlier. According to the Bangladesh Export Promotion Bureau (EPB), this figure includes minor amounts of salt, stone and related products. Historically, the majority of cement exports from Bangladesh are shipped to India, particularly from the northeastern states of Bangladesh. Other popular destinations include N... |
Bangladesh cement exports surpass target by 20.7% in 9MFY2305 April 2023, Published under Cement NewsBangladesh has reported 48.7 per cent YoY growth in cement export revenue to US$9.68m in the 9MFY22-23 (July 2022-March 2023). This compares to US$6.51m in the same period a year earlier. The value of the target set for this period also saw a healthier growth of 20.7 per cent. According to the Bangladesh Export Promotion Bureau (EPB), this figure includes minor amounts of salt, stone and related products. Most of the cement exports were shipped to neighbouring countries. For th... |
Nepal exports 153,493t of cement to India in 7MFY22-2313 March 2023, Published under Cement NewsIn the 7MFY22-23 Nepal exported cement and clinker worth NPR167.03m (US$1.273m), reports Khabarhub. According to Nepal’s Department of Customs, over the seven-month period, 153,493t of cement were exported, with a value of NPR60.66m. Clinker exports came in at 151,158t, worth NPR106.38m. According to the government, two Nepali cement companies have been exporting product to India. These include Palpa Cement , which has been exporting cement under the ‘Tansen’ brand since July 2022, an... |
Nepal cement production falls 70%30 January 2023, Published under Cement NewsNepal’s cement industry has cut production by up to 70 per cent due to a lack of demand, reports My Republica. According to the Nepal Cement Manufacturers Association, unless the situation changes, more than a dozen industries will be forced to shut down this year. Reduced capital expenditure and a lack of construction materials have caused many development projects to grind to a halt, resulting in a significant decline in demand for cement. The situation has been exacerbated by the closur... |
Hetauda Cement Factory reopens28 December 2022, Published under Cement NewsNepal’s Hetauda Cement Factory has reopened after closing for around one month due to the breakdown of its pre-filter fan and electric motor. The plant produces 12,000-16,000 bags of cement each day, supplying Kathmandu, Pokhara, Bhairahawa, Dhangadhi, Nepalgunj and Biratnagar. Local residents had reportedly complained about cement dust affecting their health, according to Khabarhub. The problem has now been resolved, said Basanta Raj Pandey, general manager of the plant. |