Hetauda Cement facing financial turmoil after halting production

HETAUDA, DECEMBER 29:  The Hetauda Cement Industry is facing a financial crisis after halting production due to equipment failure—the production shutdown since mid-September has exacerbated the industry's economic condition.

The top management of Hetauda Cement acknowledged that the administrative expenses, employee salaries, and fuel costs continue to rise, thus imposing financial burden   However, the industry's management committee chairman, Narendra Bhandari, stated that preparations are underway to resume production as soon as equipment repairs are completed.

The repair process has been delayed due to the need to bring technicians from India. The industry has sufficient raw materials. "We do not have a shortage of raw materials," said Chairman Bhandari, "We have a stock of 400 metric tons of coal, which is required for the industry."

Earlier, the industry was shut down for two months due to financial constraints. The industry, which resumed production in the third week of August, produced 65,000 bags of cement during that period.