Cement News tagged under: Shivam Cement

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Shivam’s grinding goals

16 July 2019, Published under Cement News

To ensure the efficient production of cement to international standards and remain one of Nepal’s top cement companies, Shivam Cement decided to upgrade the grinding section of its cement plant in Hetauda. KHD Humboldt Wedag India improved the performance of the existing grinding circuit by adding a roller press as well as static and dynamic separators. By Nawal Kishore Chaudhary, Shivam Cement, Nepal, and Ashok Kumar Dembla, Deepti Varshney, Prakash Pratil, KHD Humboldt Wedag India Pvt Ltd,...

Shivam Cement names new CEO

12 March 2019, Published under Cement News

Shivam Cement of Nepal has appointed Sajan Devkota as its new chief executive officer. Mr Devkota has an experience of 22 years with different national and multinational companies, including Nestlé India, Nepal Lever, Varun Beverages, Nebico Biscuits and Chaudhary Group. Sajan Devkota has also been associated with Shivam Cements for the past four years. The company said that it believes it will be able to reach greater heights in the cement and clinker industry under Mr Devkota’s leadershi...

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...

Nepal: Hongshi-Shivam plant faces possible delays

24 June 2016, Published under Cement News

Hongshi-Shivam Cement’s plans to build a 2Mta cement plant in Nawalparasi in southern Nepal have run into problems over the amount of land needed for the project, Xinhua reports. Under Nepali law, government ministers must approve land sales above eight hectares, while Hongshi-Shivam has said it requires 40ha to build the plant. A director at Hongshi-Shivam, Satish More, said: "The Land Reform Ministry has sent the proposal of clearing our company to hold more lands to the cabinet. We are...

Nepal approves Chinese US$140m cement plant

21 December 2015, Published under Cement News

Nepal has endorsed a foreign direct investment (FDI) proposal by China’s Huaxin Cement Co to establish a cement plant in Nepal. The US$140m cement works project is in partnership with Narayan Cement Co. In July, the country also approved a US$360m FDI proposal by China’s Hongshi Holdings Ltd to build a domestic cement works in partnership with Nepal’s Shivam Cement.

Nepal: IBN approves Chinese investment in cement plant

29 July 2015, Published under Cement News

Investment Board Nepal (IBN) has approved a foreign direct investment (FDI) proposal worth NPR36bn (US$352m) made by Hongshi Holding Group of China. Hongshi Holding Group's proposal to invest in the establishment of a new cement factory in Nepal in partnership with Shivam Cement (P) Ltd was approved at the board meeting held by IBN and chaired by Prime Minister Sushil Koirala on Tuesday. Shivam Cement had signed an agreement in March with Hongshi Holding to set up a cement plant in Nepal...