[Video] $140 million! Huaxin Cement will build a new cement plant in Nepal

It is reported that China Huaxin Cement Co., Ltd. and Nepal Vidia Industrial Group have jointly invested 15 billion rupees (about 140 million US dollars) to build a new cement plant. Mahara, Speaker of the House of Representatives of

Nepal, has said that the cement plant is one of the largest foreign investment projects in Nepal and believes that enterprises of the two countries will jointly build it into a modern factory to help Nepal's economic development.

When the cement plant started construction, Xu Gang, vice president of Huaxin Cement, told Xinhua that the whole plant was planned to be completed within a year, with a daily output of 3000 tons. The company will purchase modern equipment from China to produce high-quality and environmentally friendly cement products. Suraj Vidia, chairman

of Vidia Industrial Group, said that Nepal has great investment potential and welcomes Chinese enterprises to invest.

According to reports, the project will provide more than 1300 jobs for the local people.