Cement News tagged under: Hongshi Shivam Cement
Hongshi Shivam Cement looks to double capacity16 November 2021, Published under Cement NewsNepal’s Hongshi Shivam Cement has announced an additional NPR20bn (US$167.34m) investment to increase production capacity, according to the New Business Age. The company currently has 6000tpd of capacity and is looking to produce an additional 6000tpd. The joint venture will see its Chinese investor contribute 70 per cent of the investment while the Nepali partner will supply the remainder. In addition, as of 13 November, the plant has been linked to the Nepal Electricity Authority for a... |
Hongshi Shivam Cement expected to receive electricity by summer23 December 2020, Published under Cement NewsNepal-based cement producer Hongshi Shivam Cement, which has been operating in the last two-and-a-half years using diesel, is scheduled to receive its first electricity supply by next summer, according to New Business Age. The Nepal Electricity Authority said that it plans the start of supply to Hongshi Shivam Cement after mid-April if the works related to installation of the Bardhaghat-Sardi 132 KV Transmission Line Project go ahead without any interruption. The project had earlier pledge... |
Hongshi-Shivam Cement tops strength tests in Nepal04 July 2019, Published under Cement NewsIn just two years of operation Hongshi-Shivam Cement has claimed 60 per cent of the Nawalparasi district market in Nepal. The successful Chinese-owned plant had a total investment of US$350m and produces 6000tpd of cement and has quickly risen in popularity with consumers. The reason for the attractiveness of Hongshi Cement's product is in the brand's cement strength and quality. Tests from multiple Nepali institutes showed that Hongshi-Shivam Cement came out top among cement produced in Ne... |
Government promises not kept for Hongshi Shivam Cement02 April 2019, Published under Cement NewsNepal's Government has come up short in respect to keeping its word on infrastructure and energy promises to the Chinese Hongshi Shivam Cement Co, according to a report in the Nepali Times. The Nepalese government signed a foreign direct investment (FDI) deal with the cement producer in 2017 to help establish its cement plant with a local partner. However, the government failed to build the road to the plant and erect a transmission line. Hongshi Shivam Cement constructed its own dirt tra... |
Nepal’s newest addition20 July 2018, Published under Cement NewsThe inauguration of a new 6000tpd production line saw Hongshi Shivam enter the Nepalese cement market. Plans for a second 6000tpd line are already being made. Hongshi Group, one of the joint venture partners, takes us through the project. By Hongshi Group, China. The inauguration of Hongshi Shivam Cement’s 6000tpd production line in Nawalparasi, Nepal Hongshi Shivam Cement Pvt Ltd is a 70:30 joint venture established by Hongshi Group of China (70 per cent) and Shivam Cement of N... |
Huaxin Cement plans US$140m works in Nepal08 December 2017, Published under Cement NewsChinese 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... |
Nepal: six-fold increase in clinker imports20 February 2017, Published under Cement NewsNepal has been heading towards self-sufficiency in cement, but at the same time, imports of clinker have soared, according to the Trade and Export Promotion Centre (TEPC). The country imported clinker worth NPR8.97bn (US$83.7m) in the first six months of the current fiscal year, reports the TEPC. The figure is an almost six-fold jump from NPR1.52bn in the first half of the previous fiscal year 2015-16. According to the Cement Manufacturers Association Presiden, Dhurba Thapa, the major... |
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