CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Hetauda Cement Industry resumes operations after two and a half months

CEO Tab by CEO Tab
September 1, 2024
in Prime News
0
Closed Hetauda cement industry resumes operation
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

The Hetauda Cement Industry, located in Lamsur of Hetauda Sub-metropolitan City-9, has resumed clinker production after two and a half months. The industry had halted production due to several issues, including a shortage of raw materials like coal, unsold cement, and a lack of funds for repairing broken machinery.

You might also like

Birgunj Customs Imports Rise 15% to Rs 794.87 Billion in 10 Months

Nepal Officially Defers Graduation from Least Developed Country Status

NEPSE Gains 26.55 Points, Offering Relief to Investors After Previous Decline

The industry faced difficulties a few months ago due to an inability to sell the cement produced. However, according to Narendra Bhandari, Chairman of Hetauda Cement Industry Limited, there is currently an inventory of about 3,500 sacks of ready cement. Chairman Bhandari said that the industry has resumed operations with a stock of coal sufficient for about 20 days.

Deputy General Manager of Hetauda Cement Industry, Nabin Kumar Karna, explained that after the cement produced by the industry remained unsold, there was a lack of funds to purchase coal. He stated that the industry had recently procured coal. The necessary coal for the industry is supplied through tenders from India, Indonesia, and Bhutan.

Karna also reported that the problems with repairing the industry’s machines, which are over four decades old, have been more challenging than the shortage of raw materials. Cement production has resumed after the industry secured a stock of the necessary coal.

Chairman Bhandari also mentioned that following a visit last week by a team including Federal Industry Minister Damodar Bhandari and Member of Parliament Mahesh Kumar Bartaula, who came to observe the current status of the Hetauda Cement Industry, the government is preparing to allocate a special budget to restart the industry.

The government established the Hetauda Cement Industry in Lamsur, Hetauda-9, in 1976 at a cost of Rs 1.38 billion. The industry began commercial production on December 11, 1986. Over the past five years, the industry has been operating at a loss, mainly due to increased electricity tariffs and a decrease in the market price of cement.

Chairman Bhandari stated that since the machinery and equipment of the industry are four decades old, some of them need to be replaced immediately. To operate competitively, he emphasized the need to replace the old equipment with modern ones.

Chairman Bhandari mentioned that the industry will only be able to operate continuously if the government allocates the necessary funds to compete with private sector cement industries.

It has been reported that by selling the ready cement in stock, salaries and allowances up to mid-July have been provided. Chairman Bhandari mentioned that even when the industry was fully closed, the monthly expenditure on salaries and allowances was around Rs 10 million. At one time, the Hetauda Cement Industry employed around 1,000 workers, but currently, there are about 300 employees, including permanent, temporary, and daily wage workers.

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Birgunj Customs Imports Rise 15% to Rs 794.87 Billion in 10 Months

by CEO Tab
May 24, 2026
0
Exports of Nepali goods double in four months

Goods worth Rs 794.87 billion were imported through the Birgunj Customs Office during the first 10 months of the current fiscal year. Imports through the checkpoint increased by...

Read more

Nepal Officially Defers Graduation from Least Developed Country Status

by CEO Tab
May 24, 2026
0
Nepal Officially Defers Graduation from Least Developed Country Status

Nepal has officially informed the United Nations about its decision to defer the process of graduating from the status of a Least Developed Country (LDC). Speaking at a...

Read more

NEPSE Gains 26.55 Points, Offering Relief to Investors After Previous Decline

by CEO Tab
May 24, 2026
0
10 firms keen to receive stockbrokers licenses

The Nepal Stock Exchange (NEPSE) gained 26.55 points (0.97 percent) last week, providing a measure of optimism to investors following the continuous decline seen in the previous week....

Read more

Nepal’s Imports Reach Rs 1.6 Trillion; Diesel and Soybean Oil Lead the List

by CEO Tab
May 24, 2026
0
Tanker drivers resume fuel transportation

Nepal imported goods worth around Rs 1.6 trillion during the first 10 months of the current fiscal year, with diesel and crude soybean oil emerging as the country’s...

Read more

Government Suspends New Registration of Public Transport Vehicles Nationwide

by CEO Tab
May 22, 2026
0
DoTM

The Department of Transport Management has suspended the new registration of all public transport vehicles across the country. According to the department, the decision was taken in view...

Read more
Next Post
Finance_Ministry

Govt announces two rapid teams to check revenue leakages taking place via smuggled goods

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.