Arghakhanchi Cement to expand capacity to 1 MTPA
Nepal's Arghakhanchi Cement is to spend NPR 4.13 billion ($38.6m) on expanding the output of its cement plant from 1200 tpd to 3000 tpd, giving it a nominal capacity of around 1 MTPA. The Kathmandu Post reports that the company has also opened a letter of credit to buy a factory based on VRM technology from FLSmidth.
The company's Managing Director Rajesh Agrawal said, "If we don't increase our capacity and achieve economy of scale, we will vanish, once big plants with foreign investment start producing cement. Large-scale foreign investment is one of the reasons why we are expanding our capacity along with high clinker imports from India. Our factory will be based on domestic clinker."