Cement News tagged under: Nepal

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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...

Nepal: Reliance plant gets go-ahead

24 November 2014, Published under Cement News

India’s Reliance Group, headed by Anil Ambani, has received clearance to build a cement plant in Nepal. The INR24.8bn (US$401.1m) cement works is expected to be constructed in central or eastern Terai. Reliance currently operates 5.8Mta of installed capacity but plans to lift it to 15Mta in the next three years. In India the company is also building a further 5Mta greenfield plant in Maharashtra and is awaiting environmental clearance for its INR2.5bn works in Kutch, Gujarat. In addition, A...

Nepal: moves to facilitate production

17 November 2014, Published under Cement News

The government of Nepal has said it will expand access roads to 11 cement plants and supply electricity to eight factories during the current fiscal to facilitate cement production. "Access road will be expanded from factories to the limestone mines of the respective factories," said Jeet Bahadur Thapa, joint secretary of the Ministry of Industry (MoI), adding. The move continues a policy introduced by the government in FY2008-09 to build the necessary infrastructure like access roads, ...

Kathmandu prices rise on higher production costs, Nepal

05 August 2014, Published under Cement News

Prices of most building materials including cement have increased in the Kathmandu valley since last year, according to local traders. Binod Keshari Upadhyaya, president of the Federation of Construction Materials Association told local press that construction materials have been rising due to costlier raw materials and various government policies. Higher transportation costs and wages have also pushed up prices of clinker. Cement prices have reportedly risen 8-10 per cent this year, ac...

Hetauda Cement hikes prices, Nepal

04 April 2014, Published under Cement News

The board of Hetauda Cement Industries Ltd decided on Tuesday to raise the price of cement due to increased raw material costs. The Nepalese-based cement producer is to increase prices by NPR28.25/bag (US$0.30), the Kathmandu Post reported. Following the revision, the price of a bag of cement will cost NPR684.78 for dealers while development projects it will be NPR696.08. The retail price has been fixed at NPR718/bag but will cost NPR840 in Kathmandu, according to the company. This is t...

Nepal: shareholders eagerly await Padma payments

24 March 2014, Published under Cement News

Shareholders in Padma Cement, which is currently in the process of being liquidated, have expressed concern following the news that the liquidator's office will pay out dues of lenders first. The DSE managing director, Dr Swapan Kumar Bala, said the liquidators will first have to pay any debts owed to lenders. "As owners of the company, the shareholders will get something after paying out the dues of lenders," Mr Bala said. Barrister M Moksadul Islam, assigned by the court to complete...