Cement News tagged under: Nepal

RSS feed

Nepal approves Chinese US$140m cement plant

21 December 2015, Published under Cement News

Nepal 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 Sinoma

27 August 2015, Published under Cement News

Dangote 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 plant

29 July 2015, Published under Cement News

Investment 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...

Dangote

29 June 2015, Published under Cement News

Trial 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 entry

18 June 2015, Published under Cement News

Dangote 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-2014

25 March 2015, Published under Cement News

Nepal-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 plant

18 March 2015, Published under Cement News

China’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 ...

Ghorahai works halts production

14 January 2015, Published under Cement News

Nepal-based producer Ghorahai Cement Industry (GCI) has halted output at its cement plant in the Dang district as protests by tipper operators disrupt the flow of production. The tippers, which supply raw materials to the cement factory, have remained off the road for nine days, as operators call for a revision in the transportation charge. "We have not been able to produce cement for the past nine days as tipper operators are not supply raw materials to the factory," a GCI official told Re...

Nepal: Sarbottam Cement launches commercial operations

16 December 2014, Published under Cement News

Sarbottam Cement, a newcomer to the Nepalese cement industry, has started commercial operations from its new greenfield plant. The project is promoted by local company Saurabh Group while a foreign investor holds a 45 per cent stake. The Sarbottam Cement plant will have the capacity to produce 400,000t of clinker in the first stage, and then 1Mt in the future, according to the company's website. The new cement facility is also equipped with its own power plant.

Nepalese factory gets set to launch commercial production

09 December 2014, Published under Cement News

Arghakhanchi Cement is set to start commercial production from its greenfield works next week. The cement factory has a clinker and cement capacity of 1200tpd and 1000tpd, respectively.  Finished product will be sold under the Arghakhanchi Cement brand. The plant is largely being promoted by a collaboration of local investors. Siddhartha Group holds a 35 per cent stake, the Murarka Group has a 30 per cent share and the Kediya Group owns a 17.5 per cent holding. The remaining 17.5 per ce...