Cement News tagged under: Nepal

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LafargeHolcim

03 January 2018, Published under Cement News

The 39.9 per cent-owned LafargeHolcim associate Huaxin Cement is investing in a US$140Mta cement works that it is building in Nepal.  Lafarge Malaysia’s turnover came down by some 13 per cent to US$409.5m in the first nine months of 2017, while a net loss of US$33.1m was incurred, compared with a US$10.5m profit for the same period last year. The company lost money in each of the quarters of this year and a return to profit is not expected until the middle of next year. LafargeHolcim A...

Dangote Cement Nepal is denied mining licence

02 January 2018, Published under Cement News

Dangote Cement Nepal Pvt Ltd has lost its attempt to win an open bid for a mining licence in Nepal. It has been technically disqualified for the detailed exploration of three limestone mines, after its proposal lacked details about the experienced hands needed for such work.   However, Dangote group General Manager, Hikmat Thapa, said: “We are saddened by news that we are disqualified technically.” The Investment Board Nepal (IBN) had approved the investment in 2013 following an assessment...

Nepal clinker and cement raw materials shortage continues

02 January 2018, Published under Cement News

Imports of clinker to Nepal along the Parsa-Bara corridor from Raxaul, an Indian town located on Nepal-India border, have ceased since 22 December, after locals complained about air pollution and health hazards due to transportation of the crucial raw material used in production of cement. As an alternative, the Birgunj dry port had allowed traders to import clinker and other raw materials used in production of cement, but the government has since prevented this operation after locals of B...

Cement prices in Nepal rise sharply due to clinker shortages

29 December 2017, Published under Cement News

The tightening supply of cement amid a backdrop of increased demand has resulted in a sharp rise in cement prices in Nepal, with both cement manufacturers and retailers increasing prices in recent weeks. Cement prices in Chabahil, Kalopul, Gausala and Maitidevi have increased by NPR100 (US$0.97) per sack over the past week, according to a survey by The Himalayan Times. The price of a sack of Ordinary Portland Cement (OPC) rose by NPR100 per sack to NPR950 per sack. Meanwhile, a sack of Po...

Huaxin to set up Nepal cement plant

28 December 2017, Published under Cement News

Huaxin Cement (China) has signed an investment agreement with the Investment Board Nepal (IBN) to invest US$140m to establish a 1Mta cement plant in the country, according to a report in the Himalayan Times. The agreement was signed by Maha Prasad Adhikari, CEO of IBN, and Liu Jianguo, overseas development director of Huaxin Cement. The IBN board, which is chaired by the prime minister, will now need to approve the agreement for the investment to be realised. The cement manufacturer has...

Raxaul residents challenge clinker exports to Nepal

20 December 2017, Published under Cement News

Indian clinker exports to Nepal are facing a challenge from the residents of the border town of Raxaul. They have threatened to prevent Nepal-bound cargo trucks from passing through the customs point from 25 December unless the authorities find a solution to reduce the pollution caused by the transport of clinker. Most of the Nepali cement factories located in the Bara-Parsa industrial corridor, near Birgunj customs point, import 80-85 per cent of their clinker requirement from India. Cli...

Hongshi Shivam Pvt Ltd employs local Nepalis for plant development

19 December 2017, Published under Cement News

The development of the Hongshi Shivam Cement Pvt Ltd plant in Nepal has provided employment to more than 1000 Nepalis directly or indirectly, according to My Republica. The plant workers earn a minimum of NPR20,000 (US$194) per month and the company has spent NPR128m on the salary of local workers so far. A portion of the employees are currently building a resettlement site for 26 families displaced by the project’s mine. "This project will uplift socio-economic condition of locals of...

Nepal sees an increase in capacity utilisation

11 December 2017, Published under Cement News

Nepal's manufacturing industries utilised 57.3 per cent of their capacity on average in FY16-17 that concluded in mid-July, acording to an "Economic Activities Study Report 2016-17" released by the Nepal Rastra Bank (NRB). There has been strong rebound in capacity utilisation of industries producing construction materials such as iron steel and cement. "Improved electricity supply and hardly any labour related obstructions contributed to better capacity utilisation of industries last fi...

Nepal's clinker import cost rises 33%

11 December 2017, Published under Cement News

The cost of importing clinker to Nepal rose by 33 per cent in the first four months of the current financial year due to increased demand, reports The Kathmandu Post. The demand surge has been attributed to reconstruction work following earthquakes in 2015 and upcoming hydropower projects. In the July-November 2017 period NPR3.2bn (US$30.9m) was spent on importing 0.34Mt of clinker through Birgunj customs, compared to the NPR2.4bn cost of importing 0.31Mt in the same period of the previous...

Huaxin Cement plans US$140m works in Nepal

08 December 2017, Published under Cement News

Chinese cement producer Huaxin Cement is planning a new US$140m cement facility in Nepal having started talks with authorities and setting out a project investment agreement (PIA) for the factory. "We have already started informal talks with the Chinese company on signing of the PIA," said a highly-placed source at the Investment Board Nepal (IBN). "The formal negotiations on PIA will begin after the Chinese investor pays a pre-negotiation and agreement execution fee of 0.2 per cent of the...