We entered into the Cement Manufacturing business at a time when total dependence in Nepal was on imported Cement. Today, we have an investment in two of the largest cement companies of Nepal; Shivam Cement - the first public listed cement company of Nepal with a production capacity of 3k tonnes per day and Hongshi Cement - the largest FDI company of Nepal of $300m and the largest production capacity of 6K tonnes per day.

Business Highlights

Shivam Cement
    • The largest cement manufacturing company in Nepal, Shivam Cement, was founded in 2003. It began commercial production in 2011 from self-owned limestone quarries. 
    • The private limited company went public with the largest IPO in Nepal under the manufacturing division during 2018.
    • Shivam Cement (P) Ltd. is, by far, the largest investment done by the private sector in Nepal. This project is a greenfield that has its own captive mines. It produces 1200 TPD cement, including the making of clinker & grinding.
    • Situated in Hatiya VDC, Makwanpur (Hetauda) Nepal, the company has the nearest proximity to Kathmandu in comparison to the competitors, the biggest market of cement in Nepal.

Hongshi Shivam Cement
    • Hongshi-Shivam Cement is the largest FDI company in Nepal. This unit has a production capacity of 6000 tons per day.
    • It is the joint venture between Nepal’s Shivam Holdings and Hong Kong Red Lion Cement No 3, a subsidiary of China’s Hongshi Group.
    • Hongshi-Shivam Cement and the Investment Board of Nepal signed a US 359m dollars project investment agreement in September 2017 to build the manufacturing plant.
    • The Investment Board of Nepal inked a US$359 million project investment agreement with Hongshi-Shivam Cement to develop the facility in September 2017. A 10-kilometer road was built to connect the site to the main local highway, and a 22-kilometer route was created to connect the site to a limestone quarry near Palpa. By 2020, the business intends to quadruple the unit's manufacturing capacity to 12,000 tonnes/day.