Arab Today, arab today china nepal jointly invest 300m on cement project
Last Updated : GMT 20:08:36
Arab Today, arab today
Arab Today, arab today

China, Nepal jointly invest $300m on cement project

Arab Today, arab today

Arab Today, arab today China, Nepal jointly invest $300m on cement project

Nepal's cement sector
Kathmandu - XINHUA

Two private companies from China and Nepal signed an agreement of joint venture investment worth 300 million U.S. dollars here on Tuesday for cement production in Nepal.
The investment, one of biggest in Nepal's cement sector, has a 7:3 equity structure between Hongshi Holdings Limited of China and Nepal's Shiva Cement.
"This project with advanced technology will adopt a new dry process with the use of 95 percent domestic raw materials," Xu Youyuan, Executive Vice President of the Chinese company said at the signing ceremony.
Xu said that Hongshi were attracted to Nepal's market by its booming cement industry in 2012. According to the Nepal Cement Manufacturers' Association, there are over 40 cement plants in this Himalayan nation and domestic products only account for 85 percent of the total consumption in this country.
Addressing the ceremony, Finance Minister of Nepal Ram Sharan Mahat said that the signing of this project was a landmark between the economic ties of the two neighbors.
Mahat said he was happy to see that Chinese investors showed their confidence in Nepal and he hoped this ambitious investment would make Nepal an exporter of cement in the future.
Also on Tuesday morning, the minister witnessed an agreement signed by China and Nepal, according to which China would grant assistance for Nepal's development.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china nepal jointly invest 300m on cement project Arab Today, arab today china nepal jointly invest 300m on cement project

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china nepal jointly invest 300m on cement project Arab Today, arab today china nepal jointly invest 300m on cement project

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday