Cement News tagged under: Nepal

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Nepal's banks loan US$140.5m to Hongshi Shivam Cement

04 September 2018, Published under Cement News

Hongshi 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...

New dry port to repurpose Himal Cement land

22 August 2018, Published under Cement News

Part of the land formerly occupied by the now closed Himal Cement plant in Nepal has been purchased as part of a new government development to build a dry port in Chobhar. A government agency called the Nepal Intermodal Transport Development Board (NITDB) has awarded contracts for the new US$22m development that will be completed by the end of January 2020. The government acquired 53ha of land belonging to the closed Himal Cement and 10ha of unoccupied land for the project. The develop...

Riddhi Siddhi's Nepal plant nears completion

10 August 2018, Published under Cement News

Nepal’s Riddhi Siddhi Cement is planning to start commercial production at one of the country’s largest plants in Makawanpur within two months, as 80 per cent of the construction is now complete. "We are about to complete the construction work," said Rajesh Kharel, director of the company. "We have deployed around 1000 workers round the clock at the factory site to complete the construction on time." However, it will take more time for the facility to produce clinker. "Initially, we wi...

LafargeHolcim

02 July 2018, Published under Cement News

LafargeHolcim has started its EUR100m+ investment in its Martres-Tolosane plant in Haute Garonne,  southern France, with completion envisaged in 2020. This should enable the use of alternative materials in clinker production to be increased from 39 to 80 per cent and the overall capacity of the works to be raised by some 20 per cent. Huaxin Cement, a 41.8 per cent-owned LafargeHolcim associate has formed a 50 per cent-owned associate in Nepal to build a US$140m cement works at Dhading. Hu...

Huaxin Cement Narayani to build US$140m plant

25 June 2018, Published under Cement News

Nepal’s Investment Board (IBN) has signed a project investment agreement with Huaxin Cement Narayani to establish a US$140m cement plant in Nepal. Following the deal signed by IBN’s CEO, Maha Prasad Adkhikari, and Xu Gang, vice-president of Huaxin Cement Co, in the presence of Prime Minister, KP Sharma Oli, the joint venture company will build a 3000tpd cement works in Dhading, Nepal. The agreement includes protection for the foreign investor in Nepal and the provision that, despite the c...

Shivam Cement first cement producer to IPO in Nepal

22 June 2018, Published under Cement News

Shivam Cement Ltd is set to issue 5,280,000 units in an initial public offering (IPO) at premium prices after the company received approval from the Securities Board of Nepal (Sebon). It is the first cement producer that is issuing primary shares for the general public. Shivam Cement will issue 880,000 units, or two per cent of the company’s share capital, at the rate of NPR300 (US$2.75)/unit. The company will also be allowed to issue 4,400,000 units of primary share, or 10 per cent of is...

Udayapur Cement suffers irregular supply of power

20 June 2018, Published under Cement News

Nepal’s Udayapur Cement Industries Ltd (UCIL) is facing financial losses due to the irregular supply of electricity to its facility. Power supply was halted 27 times in the internal supply line and 93 times in the external line during the mid-May-mid-June period, according to Republica. "An hour of power cut in the factory causes losses of over NPR400,000," said Surendra Paudel, general manager. "When there is a sudden cut in power supply, it hampers the engine on one hand, and on the ot...

Nepal's Ministry of Industry identifies sites for clinker storage

11 June 2018, Published under Cement News

Nepal’s Ministry of Industry, Commerce and Supplies has begun work to acquire land to improve transportation of imported clinker from India. Rabi Shankar Sainju, spokesperson for the Ministry of Industry, Commerce and Supplies, said the ministry had identified land plots in three locations near Birgunj Inland Container Depot (ICD) to manage the dust emissions of the cargo. The government plans to construct storage facilities around the ICD in Birgunj to unload clinker and fly ash. Cur...

Hongshi-Shivam Cement begins operations

21 May 2018, Published under Cement News

Hongshi-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...

Nepal heads towards self-sufficiency in cement production

06 March 2018, Published under Cement News

Nepal is seeing growing demand for cement in the country, as post-earthquake reconstruction work and construction of public and private infrastructure projects have started gathering pace. Jagadamba Cement, which has a production unit in Lumbini Corridor, is setting up another production plant in the eastern part of Bhairahawa. The new plant, according to the company, will produce 1500tpd of cement. "We are expanding the production capacity considering the growing demand for cement,” s...