国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Chinese company to set up cement factory in Nepal

Source: Xinhua| 2017-12-28 09:20:15|Editor: pengying
Video PlayerClose

KATHMANDU, Dec. 28 (Xinhua) -- Investment Board Nepal (IBN) and Huaxin Cement Narayani Private Limited have signed a Project Investment Agreement (PIA) for the Chinese firm to set up a cement factory in Nepal.

The PIA came weeks after Nepal's Department of Mines and Geology (DoMG) awarded a limestone mine in Dhading district in central Nepal to the Chinese company.

The DoMG on Wednesday invited Huaxin to sign an agreement regarding the detail exploration of the mine within 30 days.

IBN's Chief Executive Officer Maha Prasad Adhikari and Liu Jianguo, overseas development director of Huaxin, signed the initial PIA, according to a statement issued by the IBN.

"This agreement has conveyed message to the foreign investors that Nepal is attractive place to invest," said Adhikari. "Once the company starts producing cement, there will be availability of quality cements."

Huaxin is bringing the second largest foreign direct investment (FDI) in Nepal's cement sector with the IBN on Dec. 20, 2015 approving the company's FDI pledge of 140 million U.S. dollar. Initially, it will be producing 3,000 tons of cement per day, according to the IBN.

Another Chinese company Hongshi Cement has also entered into Nepal's cement sector with investment of 360 million U.S. dollar under a joint venture arrangement with Nepal's Shivam Group. The joint venture company Hongshi-Shivam Cement has been constructing factory in Nepal's southern Nawalparasi district.

According to the IBN, Huaxin will be setting up its cement factory soon. "After acquiring mine, it now can find location of setting up the factory," an official of the IBN told Xinhua.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001368567451
主站蜘蛛池模板: 象山县| 德化县| 通化县| 侯马市| 聊城市| 英德市| 天长市| 梁平县| 岑溪市| 大方县| 微山县| 景谷| 城口县| 左权县| 元阳县| 桐乡市| 灵山县| 安西县| 邯郸县| 云和县| 工布江达县| 兰西县| 和平县| 万源市| 山丹县| 西藏| 安康市| 瓦房店市| 竹北市| 台湾省| 凉山| 华容县| 遂溪县| 靖江市| 时尚| 贵定县| 建宁县| 江孜县| 商河县| 三原县| 隆尧县|