Nepal: Hongshi Shivam Cement, a Nepal-China joint venture company, has started building a cement plant at Sardi in Nalwalparasi. China’s Hongshi Holding Group has invested US$336m or 70% of the financing for the project. The rest of the funds have come from a local partner, according to the Kathmandu Post. The cement plant will have a production capacity of 6000t/day and is expected to start production in 2017.
Hongshi Shivam starts building cement plant in Nepal
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