The Investment Board of Nepal (IBN) has reportedly approved foreign direct investments (FDIs) of US$1.45 billion from India's Reliance Cement, Nigeria's Dangote Cement as well as China's Hongshi Holdings Group (Hongshi) and Huaxin Cement to build cement plants with total daily capacity of 2,200tonnes. Hongshi is partnering with Shivam Cement of India to build a cement plant with 6,000tonnes/day capacity. Construction is scheduled to start in January 2017, with production getting underway in 2019. Hongsh
The Investment Board of Nepal (IBN) has reportedly approved foreign direct investments (FDIs) of US$1.45 billion from India’s Reliance Cement, Nigeria’s Dangote Cement as well as China’s Hongshi Holdings Group (Hongshi) and Huaxin Cement to build cement plants with total daily capacity of 2,200tonnes.
Hongshi is partnering with Shivam Cement of India to build a cement plant with 6,000tonnes/day capacity. Construction is scheduled to start in January 2017, with production getting underway in 2019. Hongshi intends to double the factory’s capacity in the second phase. Reliance Cement plans to build a cement factory with daily capacity of 7,000tonnes, while Dangote Cement received approval to build a 6,000tonne/day cement plant. Huaxin Cement is looking to build a cement factory with output of 3,000 tonnes a day and intends to triple the capacity over three phases.
Nepal’s cement sector has installed capacity of 6.5 million tonnes/year and reported annual domestic demand is 4.5million tonnes. There are 46 cement plants in Nepal which are not running at full capacity due to power shortage.
