Huaxin Cement Co Ltd is seeking the assistance of international banks to close funding on its US$140m plant in Nepal, after it secured a US$30m loan from the Export-Import Bank of China (EIBC), according to Inside International Industrials.

Nanjing Golden Cement Technology Engineering Co has been confirmed as the project design firm. The design of the 3500tpd facility is expected to be completed before March 2019, with the funding also expected before then.

The company plans to add one or two more plants in Nepal over the next two years, with local infrastructure projects driving demand.