The Republic reported on August 16: Nepalese cement manufacturers have hiked the price of their products by Rs 50 per bag due to soaring prices of raw materials. There are 65 cement production enterprises in the country, with a total annual production capacity of 25 million tons, while the local demand averages between 400,000 and 700,000 bags. Cement manufacturers say demand has dropped significantly due to slow development and low government spending. Production costs have increased significantly owing to higher prices for coal and petroleum products, higher transportation costs and higher bank interest rates. Despite the steep price increase, cement makers insist they are still losing money. The factory cost of OPC cement now comes to Rs 650-675 per bag at the new price.
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