Foundation stone laid for 140 mln USD worth of Sino-Nepal joint venture in cement industry

Photo taken on March 1, 2019 shows the construction site of Huaxin Cement plant, a Chinese-Nepali joint venture, at Benighat Rorang Rural Municipality in Dhading, Nepal. The construction of another new advanced cement plant, the second Chinese-Nepali joint venture in domestic cement industry after Hongshi-Shivam Cement, has started formally in central Nepal. According to plan, the cement plant, with the investment of 15 billion Nepali Rupees (around 140 million U.S. dollars) and a production capacity of 3,000 tonnes of cement per day, will be constructed within one year. China's Huaxin Company informed that the industry would provide employment to 300 local people directly and to 1,000 people indirectly. (Xinhua/Sunil Sharma)