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News Hongshi Group to inject US$125m into Dang Cement

Hongshi Group to inject US$125m into Dang Cement

Written by Global Cement Staff 29 November 2021
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Nepal: China-based Hongshi Group has received clearance from the Nepal Rastra Bank to invest US$125m into Dang Cement. Hongshi Group owns an 85% stake in the cement producer, according to the Republica newspaper. The remaining 15% stake is owned by Shivam Cement. The investment will be used to build a 6000t/day production line at Dang Cement’s plant in Dang region. The project was previously approved by the Investment Board Nepal in late 2020 for commissioning in late 2023.

Last modified on 01 December 2021
Published in Global Cement News
Tagged under
  • Nepal
  • China
  • Hongshi
  • Dang Cement
  • Investment
  • Capacity
  • Nepal Rastra Bank
  • bank
  • Plant
  • Upgrade
  • Expansion
  • GCW534

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