Displaying items by tag: Udayapur Cement Industries

Nepal: Udayapur Cement plant has resumed operations after an eight-month closure, the longest in its recent history, according to local press. The state-owned producer shut down entirely following the Council of Ministers’ 28 May 2025 decision to privatise it, creating uncertainty that halted production. The 800t/day capacity plant, located in Triyuga Municipality–6, Jaljale, has faced frequent shutdowns due to outdated equipment and is currently in significant debt, which the administration expects to reduce through continued operation.

General manager Kovid Kafle said the plant reopened after repairs. The plant had reportedly not provided salaries to its employees during the shutdown, and had only retained 193 out of 533 staff. The producer has requested a US$1.7m loan from the government, proposing to repay it within three years with interest.