# Hongshi-Shivam Cement to build $359M cement factory in Nepal

Hongshi-Shivam Cement P Ltd signed an agreement with the Nepal government to invest $359.18 million in a cement factory in Nawalparasi district, Nepal, with production capacity of 6,000 tons per day starting in 2018.

- Type: New facility
- Announced: 2017-09-03
- Where: Nawalparasi district, Nepal
- Value: $359.2M
- Starts operating: 2018
- Status: announced
- Capacity: 6,000 tons of cement per day
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Hongshi Shivam Cement](https://endata.com/companies/24525.md)
- [Hongshi Group](https://endata.com/companies/26715.md) (investor)
- [Shivam Holdings](https://endata.com/companies/26716.md) (investor)

## Sources

- [hindustantimes.com](https://www.hindustantimes.com/world-news/chinese-joint-venture-to-build-multi-million-dollar-cement-factory-in-nepal/story-3zAj3zMNKqMLfHkfMWyfDM.html), 2017-09-03: "The company will make an investment of $359.18 million to build the factory in Nawalparasi district, in South-West Nepal."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.