Displaying items by tag: Hongshi Shivam Cement

Nepal: Residents of Jyamire are seeking ’fair’ compensation from a quarry that Hongshi-Shivam Cement is building. Villagers have prevented Chinese technicians from the Nepal-China joint venture from working near the village, claiming that the company has ignored their complaints, according to the Kathmandu Post. Around 32 households in the region will be displaced by the mining project. The villagers are seeking compensation in excess of the rate set by the government, which they say the cement company offered them initially.

Hongshi-Shivam Cement is building a cement factory at Sardi in Nawalparasi district. It has acquired a permit from the Department of Mines and Geology to extract limestone at Jyamire in Palpa. China's Hongshi Holding Group has invested US$330m and its local partner has contributed around US$140m towards the project. The plant will have a production capacity of 6000t/day when operational and it is expected to be opened in 2017.

Nepal: Hongshi-Shivam Cement is building a 36km road between Nawalparasi and Palpa to connect limestone reserves to a plant it is building. The China-Nepal joint venture is building a 6000t/day cement plant in Sardi, Nawalparasil that will be completed in 2017, according to the Kathmandu Post. The company plans to double the plant’s production capacity to 12,000t/day in the next four years. Limestone reserves at Palpa are expected to last 300 years.

Hongshi Cement has invested US$360m in the project which is the largest Chinese investment in the country’s cement industry. Investment Board Nepal (IBN) approved Hongshi's proposal in July 2015.

Nepal: Hongshi Shivam Cement, a Nepal-China joint venture company, has started building a cement plant at Sardi in Nalwalparasi. China’s Hongshi Holding Group has invested US$336m or 70% of the financing for the project. The rest of the funds have come from a local partner, according to the Kathmandu Post. The cement plant will have a production capacity of 6000t/day and is expected to start production in 2017.