April 8: Riddhi Siddhi Cement has been officially launched under collaboration between Shanker Group and Ambe Group. The companies' respective chairmen Shankar Lal Agrawal and Shovakar (Hari) Neupane formally unveiled the new product at a ceremony held at Hotel Annapurna on Sunday, April 7.

Speaking at the event, Anand Nepal, director of Riddhi Siddhi Cements, shed light about the technology used at the cement's manufacturing plant. According to the company, he claimed that the product manufactured using the latest European technology to be the “highest standard in the world”.

“By manufacturing a high grade cement in the country in the most cutting-edge technological production plant, we aim to set a new benchmark for standard of cement quality in Nepal,” said Nepal.

According to the statement, Riddhi Siddhi Cement was established about two years ago with a vision to establish the most modern cutting-edge technological cement manufacturing plant. The company said it expects production of 3000 tons of cement per day from the company's self-owned limestone mine located at Hetauda and Chitwan.