Cement News tagged under: Nepal
Ghorahai works halts production14 January 2015, Published under Cement NewsNepal-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 operations16 December 2014, Published under Cement NewsSarbottam 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 production09 December 2014, Published under Cement NewsArghakhanchi 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-ahead24 November 2014, Published under Cement NewsIndia’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 production17 November 2014, Published under Cement NewsThe 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, Nepal05 August 2014, Published under Cement NewsPrices 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, Nepal04 April 2014, Published under Cement NewsThe 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 payments24 March 2014, Published under Cement NewsShareholders 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... |
Double-digit rise in Nepal cement sales23 January 2014, Published under Cement NewsNepal-based cement producers have reported a 10-15 per cent YoY increase in 2013 cement sales as the construction of dams, bridges and housing projects boosts demand. According to the Nepal Cement Manufacturers Association, there are around 44 cement facilities, of which around 12 are able to produce clinker. Despite local production being able to satisfy domestic demand, around 15 per cent of cement requirements are imported, according to Tara Pokharel, general secretary of the associa... |
CG invests in Nepalese plants22 January 2014, Published under Cement NewsNepal´s leading business conglomerate Chaudhary Group (CG) is investing NPR10bn (US$101m) on cement plants in Dumkibas of Nawalparasi and Palpa. The CG brand of cement produced at the Dumkibas-based plant has already hit the market. The factory produces 1300tpd. Similarly, CG is also setting up both clinker and cement plants in Palpa with an investment of NPR7.5bn in the Palpa plants. |