Displaying items by tag: Chaudhary Group

Nepal/India: Chaudhary Group has signed a memorandum of understanding (MoU) for a strategic partnership with India-based conglomerate Adani Group. According to the MoU, Adani Group will support the Nepal-based cement producer in its distribution of cement into neighbouring states of India.

The Kathmandu Post newspaper has reported that Chaudhary Group’s managing director Varun Chaudhary said "This collaborative effort stands as a pivotal milestone, underlining our commitment to augmenting economic cooperation and trade relations between the two nations.” He added “Through this strategic collaboration, we aspire to fortify the harmonious rapport that characterises the Nepal-India relationship, while actively contributing to the growth and development of the adjoining states."

Sri Lanka: Binod Chaudhary, the owner of CG Cement, says his company plans to invest US$150m towards building a new integrated cement plant. He said that he had approval from the government and had identified several potential limestone deposits to support the project, according to the Daily News newspaper. The company intends to export cement and clinker.

CG Cement operates a grinding plant at Dumbikas, Nawalparasi district. It says it has a 10% market share.

Nepal: The German vertical roller mill (VRM) producer Loeshe GmbH has gained a new customer in Nepal. The cement division of Chaudhary Group, based in Kathmandu, has placed an order for a 25t/hr vertical roller mill for coal grinding for the 3900t/day (1.3Mt/yr) integrated cement plant that it is building in the Palpa region.

Loesche received the order though KHD, the lead bidder at the plant. The LM 26.3 D mill will be in operation during 2018 with a throughput of 50t/hr, 15% R on 90μm.

Nepal: CG Cement Industry, a subsidiary of the Chaudhary Group, plans to enter the domestic cement market with the launch of its CG Ordinary Portland Cement (OPC) at the end of December 2013. Trial production runs are already underway at the plant in Dumbikas, Nawalparasi district. The plant has an OPC production capacity of 1500t/day.

"We will ship our products to the market after completing some government procedures," said Varun Chaudhary, executive director of the Chaudhary Group. He added that the cement will arrive in stores after receiving certification from the government. CG also plans to establish a mine and cement plant in Palpa with a US$137m investment. The Palpa unit will produce clinker destined for cement production at the Dumbikas plant. Currently the Dumbikas plant sources its clinker from local producers and Indian imports.

Since 2010, Nepal's cement imports have declined due to increased domestic production. According to Chaudhary, there are now 50 grinding units and 70 cement brands in the country. Cement demand in Nepal is estimated at 4Mt/yr, 70% of which is fulfilled by domestic supply.