Displaying items by tag: Dungsam

Bhutan: Dungsam Cement is waiting for the market to improve in India following announcements of infrastructure development from the government. The latest budget in the neighbouring country is expected to boost demand for cement and steel in the north-eastern region of India and in Bhutan. The cement producer made a loss of US$10.9m in its last financial year, according to the Bhutan Broadcasting Service.

“We are eagerly waiting for the release of the development budget. We have 593 hours worth of cement silos full and waiting to be dispatched in the northeast,” said Dungsam Cement’s CEO, Dorji Norbu.

Bhutan/India: Bhutan's Dungsam Cement has announced that it is targeting markets in the Indian states of North-Bengal and East Bihar. The subsidiary of the Royal Government of Bhutan sells cement currently under the brand name of Dragon Cement.

Dungsam Cement plans to sell 70 – 80% of its cement to the Indian market due to its high production capacity and its home nation's small market size. "We are producing 4130t/day. We obtained the necessary license to market cement in the Indian market in January 2014," said Dorji Norbu, Managing Director of Dungsam Cement to local media.

Bhutan/India: On-going civil unrest in the Indian state of Assam is delaying the construction of a US$173m plant being built in Chengkari in south-east Bhutan. The project is facing delays partly due to disorder in Assam that has impacted upon its supply channels.

In addition, a severe shortage of Indian rupees in Bhutan, due to a rise in aggregate demand for the currency and limited supply, has had an impact on the project as most of the materials for the projects are sourced from India. The Indian government is providing US$54.6m towards the project in financial support. The project is expected to commence operation in May 2013, which if met, would represent a delay of nearly 15 months. Clinker production is expected to commence soon.

The project is being implemented by Dungsam Cement Corporation Limited, which is a wholly-owned subsidiary of Druk Holding and Investments, an investment arm of the Royal Government of Bhutan. The plant will have production capacity of 1Mt/yr for clinker and 1.36Mt/yr for cement.