Two private companies from China and Nepal signed an agreement of joint venture investment worth 300 million U.S. dollars here

Two private companies from China and Nepal signed an agreement of joint1 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 sector2, has a 7:3 equity3 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 Vice4 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 Ram5 Sharan Mahat said that the signing of this project was a landmark6 between the economic ties of the two neighbors. 

 

Mahat said he was happy to see that Chinese investors7 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.

Write a comment

Comments: 1
  • #1

    Master Paper Writers (Friday, 26 May 2017 12:12)

    An association is a kind of corporation (a dissimilar lawful substance). At the end of the day, the administrators who contract with the organization.

No. E232 INTERTRAFFIC CHINA 2019
No. E232 INTERTRAFFIC CHINA 2019

Dynamic News

Contact Us

Langfang Olan Glass Beads Co.,Ltd

Tel:   +86-316-2013621

Fax:  +86-316-7018536

Mob: +86-151-0066-3145

QQ(Wechat):  348575348

Skype: LFWLFOX

Email: sales@cnglassbead.com 

Website:  www.cnglassbead.com  

Contact us by Olan Wechat
Contact us by Olan Wechat
CHINA-RUSSIA EXPO, HARBIN, CHINA(Jun.15-19) Booth No.D1014
CHINA-RUSSIA EXPO, HARBIN, CHINA(Jun.15-19) Booth No.D1014
NO.E232 INTERTRAFFIC CHINA 2019
NO.E232 INTERTRAFFIC CHINA 2019
2019 ATSSA Annual Convention & Traffic Expo
2019 ATSSA Annual Convention & Traffic Expo
No. 3A218 China Homelife India 2018
No. 3A218 China Homelife India 2018
No. 2C225 China Homelife Dubai 2018
No. 2C225 China Homelife Dubai 2018
View David Wang's profile on LinkedIn