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News Huaxin Cement to build US$140m plant in Nepal

Huaxin Cement to build US$140m plant in Nepal

Written by Global Cement staff 25 June 2018
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Nepal: Huaxin Cement has signed a project investment agreement with the Investment Board Nepal (IBN) to build a US$140m plant. Xu Gang, vice-president of Huaxin Cement signed the deal with Maha Prasad Adhikari, the chief executive (CEO) of IBN, during a visit by Nepalese Prime Minister KP Sharma Oli to Beijing, according to the Kathmandu Post. The unit will have a production capacity of 3000t/day. The local subsidiary, Huaxin Cement Narayani, has already acquired a limestone mine at Panikharkha in Dhading. The IBN will also support the project by assisting the government to build a transmission line to supply 18MW of electricity to the unit.

KP Sharma Oli also signed an agreement with the Chinese government to build a cross-border railway between Kathmandu and Kerung in Tibet.

Last modified on 26 June 2018
Published in Global Cement News
Tagged under
  • Nepal
  • Government
  • China
  • Huaxin Cement
  • Huaxin Cement Narayani
  • Plant
  • agreement
  • Investment Board Nepal
  • Infrastructure
  • railway
  • GCW359
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