We are a prominent cement company in Nepal, strategically entered the manufacturing business during a critical period of heavy reliance on imported cement. Our visionary investment has positioned us as a key player in the industry, with ownership stakes in two major cement companies. One of our noteworthy venture is Shivam Cement, a source of immense pride as the first publicly listed cement company in Nepal. With an impressive daily production capacity of 3,000 tonnes , Shivam Cement has emerged as a key player in satisfying Nepal's increasing cement requirements.
Shivam Cement, established in 2003, has been a key player in Nepal's cement industry. The company has consistently met the nation's increasing demand for superior cement, making a significant impact on the market. Moreover, our partnership with Hongshi Cement, one of Nepal's largest foreign direct investment (FDI) companies, has further strengthened our position. This collaboration has brought an impressive investment of $300 million into our organization, marking a significant milestone.
Hongshi Cement's remarkable production capacity of 6,000 tonnes per day is a testament to its excellence in cement manufacturing. Through our strategic investments in leading cement companies like Hongshi Cement, we have contributed significantly to the expansion and self-sufficiency of Nepal's cement industry. Our primary focus remains on ensuring the availability of high-quality cement, reducing dependency on imports, and promoting the overall development of the nation.
With our dedication to innovation and quality, Shivam Cement continues to be at the forefront of the cement industry in Nepal. We strive to meet the evolving needs of our customers while contributing to the growth and self-reliance of the country's cement sector.