According to the Kathmandu Post newspaper , China Huaxin Cement and the Nepal Investment Commission are discussing the construction of a cement plant. Huaxin Cement is considering signing a Project Investment Agreement (PIA) with an investment of 140 million US dollars. The investment agreement will allow Huaxin and the Nepalese government to cooperate on the cement plant project.
This agreement will be another major cement industry investment in China following the signing of the US $359 million Red Lion Nepal Cement Plant project between Red Lion and the Nepalese government in September 2017. The 6000t/d production line of Red Lion is scheduled to be put into commercial operation in May 2018.
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