Cement News tagged under: Shivam Holdings Nepal
Joint-venture agreement signed for new Nepalese plant18 March 2015, Published under Cement NewsChina’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 ... |
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