Nepal: Arghakhanchi Cement plans to spend US$38.5m to increase both its clinker and cement production capacities to 3000t/day by October 2017. At present the plant has a clinker capacity of 1200t/day and a cement capacity of 1000t/day, according to the Kathmandu Post. Managing director Rajesh Agrawal added that the company has signed a deal worth US$9.32m to order vertical roller mills from FLSmidth as part of the upgrade.
Local industrial groups Siddhartha, Murarka and Kedia hold stakes of 35%, 30% and 17.5% respectively in the cement producer. Uma Cement, an Indian company, owns the remaining 17.5% stake. Arghakhanchi Cement was originally known as Dynasty Cement.
