Displaying items by tag: Shivam Cement

India: Ghohari Cement says that it has ignited the new kiln of its Laxmipur cement plant in Dang District. Shivam Cement assistant engineer Nilesh Chouhan said that kiln inlet temperature monitoring was underway on 18 February 2022.

Nepal: Sajan Devkota has been appointed as the chief executive officer (CEO) of Shivam Cements. He takes up the post on 15 March 2019, according to the Himalayan Times newspaper. Devkota holds 22 years of corporate experience with companies including Nestlé India, Nepal Lever, Varun Beverages, Nebico Biscuits and Chaudhary Group. He has been associated with Shivam Cements since 2015.

Nepal: Shivam Cement has received approval from the Securities Board of Nepal (SEBON) to launch an initial public offering. It will be the first cement producer in the country to become public, according to the Republica newspaper. Shivam Cement operates a 1250t/day plant and it has a captive limestone mine. The company also holds a 30% share in Hongshi-Shivam Cement, a Nepalese-Chinese joint venture that has started trial production at the Hongshi Cement near Dumkibaas in Nawalparasi district.

Nepal: Hongshi-Shivam Cement has started trial production at its new plant near Dumkibaas in Nawalparasi district. The joint venture between Nepal’s Shivam Holdings and Hong Kong Red Lion Cement No 3, a subsidiary of China’s Hongshi Group, plans to start commercial production by the end of June 2018, according to the Kathmandu Post. The Chinese company owns a 70% stake in the joint venture. The unit has a production capacity of 6000t/day.

In September 2017, the Investment Board of Nepal had signed a US$359m project investment agreement with Hongshi-Shivam Cement to build the plant. A 10km road was built to connect the site to the main local highway and another 22km road was built to link up a limestone quarry at Palpa. The company plans to double the unit’s production capacity to 12,000t/day by 2020.